Message for Analysis: Comparing Two Report Formats

[LO-1] The Securities and Exchange Commission (SEC)

requires all public companies to digitally file a comprehensive annual report (form 10-K). Many companies post links to these reports on their websites, along with links to other company reports. Visit the website of any public corporation and find the company’s most recent 10-K and Fiscal Year in Review reports. Compare the style and format of the two reports. For which audience(s) is the Year in Review targeted? Who besides the SEC might be interested in the 10-K? Which report do you find easier to read? More interesting? More detailed?