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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549FORM 10K (Mark One) ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year
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Financials - annual reports are documents that provide a comprehensive overview of a company's financial performance over the past year. They typically include income statements, balance sheets, cash flow statements, and notes to the financial statements.
Who is required to file financials - annual reports?
Publicly traded companies are required by law to file financials - annual reports with the appropriate regulatory agencies such as the Securities and Exchange Commission (SEC) in the United States.
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Financials - annual reports are typically prepared by a company's finance or accounting department in accordance with generally accepted accounting principles (GAAP). The reports are then reviewed by auditors before being filed with the regulatory agencies.
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The purpose of financials - annual reports is to provide shareholders, investors, and other stakeholders with a transparent and accurate picture of a company's financial health and performance. They are also used by regulatory agencies to monitor and enforce compliance with financial reporting standards.
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Financials - annual reports must include detailed financial statements such as income statements, balance sheets, and cash flow statements, as well as notes to the financial statements that provide additional context and explanation for the numbers presented.
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