In my case, I will consider the 2021 financial report of Target Corporation, which was founded in 1962. The corporation sells pharmacy items, groceries, and home goods. It is headquartered in the Columbia district in the United StatesÂ (Peng et al., 2021). An annual report is the most important is it is a one-way conversation that does not require immediate feedback from the stakeholders. Based on the report, the essential information required is the firm’s depiction, a corporate governance report, and the financial summary.
The firm’s statement provides the company’s milestone in meeting its vision, mission, and objectives. The employees require the information to identify their strengths to attain the company’s goals or weaknesses that prevents them from achieving the set goalsÂ (El-Gazzar et al., 2021). The company’s owners require the corporate governance report to know the progress of the ongoing projects. It is essential since the company owners will know whether the projects were under-budgeted or over-budgeted. The financial summary provides an overview of profits or losses made within a fiscal yearÂ (Kaili, 2021). The information is essential to financiers since they can ascertain whether investing in such a company is good.
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