You\u2019d normally prepare one Annual Report per year. As the process takes something from one week until a month, depending on your time available for the preparation, there\u2019s at least like 11 months when you don\u2019t even think about the report. You don\u2019t think and you forget.\u00a0<\/p>\n
Now when the time comes and you have to start preparing a new one for your reporting year your first question is probably along the lines of \u201cwhere do I start?\u201d and then you wonder if you haven\u2019t forgotten anything. Most probably you also want to check your last year\u2019s report to ensure you didn\u2019t miss anything back then.<\/p>\n
Obviously if it\u2019s your very first Annual Report, the use of an example makes even more sense. How else would you know how the report should look like, what information goes where etc.? An example Annual Report is purely for this purpose \u2013 it shows how one should look like, it even includes sample texts etc. for a company that doesn\u2019t exist in reality, but for which we\u2019ve prepared financial statements with all the relevant notes and components. It gives you an idea of how accounting policies should be described, what to include as extra information within notes etc.<\/p>\n
Using an example Annual Report is something that should be a normal part of preparing an Annual Report and is in fact something that even the more experienced accountants do when preparing their set of financial statements.<\/p>\n