Although the accounting close is important, the month, quarter or year is not complete until the management or shareholder reports are distributed.
Public companies have to prepare complex documents for the regulatory agencies and for periodic public reporting. Assembling these documents requires a series of tasks and collaboration among employees who are responsible for this disclosure. Some examples are:
- Cash flow statement
- Cash and investment disclosure
- Equity reporting
- Lease commitments
- Operational statistics
- Tax disclosure