annual reporting

• define annual reporting

  provides info about financial position and performance of the company that's useful to a wide range of users making economic decisions
• benefits of annual reporting

  provides info showing profit for period and comparatives to the previous year in SCI
• Benefits of AR

  CF for period, includes comparison with previous years, in SCF

  Liquidity by current ratios and efficiency - collect debts by debtors collection period ratio

  Complies with legal obligations of Corporations Act, Aus accounting std, ASX, ASIC