The annual financial report is a document that includes a detailed report on all the activities that are carried out in a business in one preceding year. The financial report usually focuses on the financial aspects only. It is a bit technical document and experts are usually required to perform this task. 

This report is made for key stakeholders and decision-makers who have a direct impact on the success of a company. They are sent this report so that they can see the financial performance of the company. Based on this information, they can make several decisions. Considering the purpose this report fulfills, it seems to be a very important document for any organization. 

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Many reasons to use a cover page

You will find a cover page attached with almost every professional and formal document. It is simply because a document without a cover looks very odd. There is no concept of having a document that extends to two or more pages but does not have any cover.

Those who submit any document, whether it is an assignment or a report, know that they cannot submit it without a cover because it will look too messy without it. There are many other reasons for people to use the cover. Some of them are:

They show that you know professionalism:

The annual report of the financial performance of the company is a very important document and only very expert and qualified people are expected to work on them. They know that the report is required to be made meticulously so that the facts and figures in the report are correct.

At the same time, when they work on the cover and submit the report with the cover, they show that they are aware of the professional requirements of submission of the financial report, and they are not going to take things lightly. 

It helps cast an impression:

Some people don’t like to read a document if its cover is not aesthetically pleasing. They feel that if the author has not worked on the cover, he will have not worked on the inside of the report. Or, even if they read the report, they would doubt the results. So, if you want to impress the reader, you must design a cover.  

It gives a brief overview:

A very small introduction part of the report is generally mentioned on the cover, so the reader knows the background before he starts to read the report. For example, when you mention the name of the report on the cover, the reader comes to know that the report he is about to read is targeting the financial information of the year. This way, he will make up his mind to read it and it will be easy for him to understand it when he already knows the context. 

It protects the document:

A cover is usually a protection of the document inside it. The report you have made after working hard day and night should not be used without a cover. Anything such as dirt or spillage can damage it. In addition, the paper is usually very delicate, and it needs to be protected. The cover saves the document and keeps the document safe inside it for a long time. 

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What to include?

A financial year report should include the following details:

Title of the report:

The title is the primary information to be displayed and it should be positioned on the cover in such a way that it remains the most prominent the reader should not look for the title after seeing the cover. 

Date and time period:

Although the annual report covers the period of one year, your company’s financial year may not start from January. So, it is important to mention the starting and ending dates of the year you have covered the financial details along with the date on which you are designing the cover. 

Name of the author:

The name of the person who has created it should be there on the cover. Usually, it is the employee of the company.

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