Listen to a Business English Dialogue about Annual report
Andrew: Hey Piper, do you know what an annual report is in business?
Piper: Yes, I do. An annual report is a comprehensive document that provides information about a company’s financial performance, operations, and outlook for the future.
Andrew: That’s right. It’s typically released once a year and is intended for shareholders, investors, and other stakeholders.
Piper: Are there specific sections that are included in an annual report?
Andrew: Yes, an annual report usually includes sections such as financial statements, management’s discussion and analysis, and notes to the financial statements.
Piper: I see. So, it’s a way for companies to communicate important information about their performance and strategy to investors and the public.
Andrew: Exactly. Annual reports play a crucial role in transparency and accountability in corporate governance.
Piper: Are there any regulations or standards that companies must follow when preparing annual reports?
Andrew: Yes, there are. Companies must adhere to generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS) when preparing their financial statements.
Piper: That makes sense. So, there are guidelines in place to ensure that annual reports are accurate and consistent.
Andrew: Yes, that’s correct. Additionally, companies may also be subject to regulatory requirements set forth by securities regulators.
Piper: Are annual reports accessible to the public?
Andrew: Yes, they are. Most companies publish their annual reports on their websites or submit them to regulatory authorities for public access.
Piper: I see. So, investors and other interested parties can review annual reports to make informed decisions about their investments.
Andrew: Yes, exactly. Annual reports provide valuable insights into a company’s financial health and performance over time.
Piper: Thanks for explaining annual reports, Andrew.
Andrew: You’re welcome, Piper. If you have any more questions, feel free to ask!