Annual Reports
Annual reports are financial documents written by the accounting or financial department of a business once per year. This type of business document is written for investors and includes details of revenues and expenses, plus the total assets and liabilities of the company. Other sections include operational budgets, predictions for the upcoming financial year and what changes the company seeks to make in the future to avoid financial downfalls. Not all companies create annual reports, but some are required to do so, including those with publicly traded stock.
Business Reports
Business reports are written reports that share information or data, often in relation to research for a project, marketing campaign or new product launch. These types of reports include an introduction, a presentation of the data and research found, a list of suggestions of how the company can use the research or data for the project or marketing campaign in question and a conclusion that discusses the next steps. Some business reports may serve as written proposals, such as how to target a new niche market or what products to add to a new product line.