What's the difference between private and public company reporting

A public corporation is non soi business whose securities traded on public stock, and the Stock Exchange and the Nasdaq in New York. A private company takes one end only by their owners and are not traded publicly. When a private company shareholders receive financial reports newspapers, do have the right to take what the financial statements and notes of the company What are prepared in accordance with PCGR. Otherwise, president directeur company should clearly warn the shareholders do not GAAP have been followed in one or more aspects. Content of anuel Financial Report is a private company often minimal. Includes three Basic financial statements - the général équilibre, income statement and cash flow statement. Usually no letter from chief executive, photographs Ni, Ni graphics.
By contrast, The anuel Report a publicly traded company has more bells and whistles to it. Foin also more requirements for Reporting. These include section (MD & A) That the présentation interpretation and performance analysis of the benefits of the company and other Important financial events for the year to the top Managers Discussion and Analysis.
Another section required for public companies is the earnings per share (EPS). This is the only relationship That requires a public company does report, although most public companies report a few others too. State is also required UN Comparative results of three years.
Many publicly owned businesses make their required filings with the SEC, but very different annual financial reports linking Present shareholders suspension. A large number of public companies include only condensed financial information rather than complete financial statements. Usually refers to a more detailed reader for details Financial Report non SEC.