At Accounting Resources Nola, we value transparency — not only in accounting, but also in how our own processes are organized. Filing the annual report is an important milestone for every Estonian company, and we would like to share our results for the 2024 financial year.
English in Annual Reports: Practical or Pointless?
In today’s global business environment, English often serves as the default language of communication — especially in finance and international reporting. But what happens when your official documents, like annual reports, are prepared in a country where English has no legal status? This question is particularly relevant for businesses operating in countries that attract foreign investment, yet maintain local-language legal systems. Should companies invest time and resources into preparing English versions of their annual reports? Is it practical or pointless?