The FBLA "Local Chapter Annual Business Report" is a team chapter event that allows members to document and present their chapter’s Program of Work and activities for the year. The event consists of a pre-judged 17-page report, followed by a presentation component, where competitors have 7 minutes to present and 3 minutes for Q&A. This event emphasizes leadership, communication, teamwork, and strategic planning, showcasing a chapter’s accomplishments and impact.