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Difference Between Annual Report and 10k

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Annual Report vs 10k

A company has to file an annual report and also a 10K that proclaims how the business is doing and what its future plans are. These two reports ‘“ annual report and 10 K’”helps the parties or shareholders in their decision making about the company.

When looking at the two reports, the annual report of a company tends not to be as lengthy as the the 10K. The annual report consists of colourful pictures, Chief Executive Officer or Chairman’s letter and an overview of the financial position. The annual report is usually printed on glossy paper. On the other hand, the 10 K does not have colour pictures and is not printed on glossy paper. Additionally, the 10 K, which is submitted to the Securities and Exchange Commission, tends to be less accessible than the annual report.

10-K report consists of the financial performance of a company during the fiscal year. It also consists of the highest market price as well as the lowest market prices of stocks during the fiscal year. The legal aspects and also potential risks involved are also stated in 10 K reports. It may also contain details regarding certain agreements that had not been made public.

An annual report usually consists of the balance sheet, an independent auditor’s report, general report on the company’s operations, income statement, letters from Chief Executive Officer or the Chief Financial Officer. The annual report may also contain a glimpse of the company’s history.

Unlike the annual report, the 10 K consists an elaborate discussion on the nature of the marketplace and the nature of business.

Summary

  • When looking at the two reports, the annual report of a company could be considered a shorter version of the 10 K.
  • The annual report consists of colourful pictures, Chief Executive Officer or Chairman’s letter and overview of the financial position. The annual report is usually printed on glossy paper.  On the other hand, 10 K does not have colour pictures and is not printed on glossy paper.
  • The 10 K report, which is submitted to the Securities and Exchange Commission, tends to be less accessible than the annual report.
  • Unlike the annual report, the 10 K consists an elaborate discussion on the nature of the marketplace and the nature of business.
  • 10-K report consists of financial performance of a company, highest/lowest  market price of stocks, legal aspects, potential risks and certain agreements that had not been made public.
  • An annual report usually consists of balance sheet, an independent auditor’s report, general report on the company’s operations, income statement, letters from Chief Executive Officer or the Chief Financial Officer and a glimpse of the company’s history.

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