Importance of information in the Annual Financial Report?

timer Asked: Dec 8th, 2014
account_balance_wallet $25

Question description

Senario: You have been promoted to a member of the management team in Krona Hospital financial department. You have hired a new staff member who will to assist you in preparing materials for the next Board of Directors meeting, in which the annual financial reports will be presented. You are required to accomplish the following:

•Write an e-mail to your new employee explaining the components and the process of creating an annual report. Focus strongly on how accounting inputs are formulated into financial reports and statements for the organization.

•Discuss Any 3 of the following annual reporting components, what information they provide, and why they are important to understand: 

◦Chairman of the Board Letter
◦Sales and marketing summary
◦10-year summary of financial figures
◦Management discussion and analysis
◦CPA opinion letter
◦Financial statements (balance sheet, check sales, profits, R&D spending, inventory and debt levels over time) subsidiaries
◦Brands, and addresses
◦Financial and operating ratios (liquidity, solvency, and profitability)

APA Format with reference
800 words

Tutor Answer

New York University

flag Report DMCA

Thanks, good work

Similar Questions
Hot Questions
Related Tags

Brown University

1271 Tutors

California Institute of Technology

2131 Tutors

Carnegie Mellon University

982 Tutors

Columbia University

1256 Tutors

Dartmouth University

2113 Tutors

Emory University

2279 Tutors

Harvard University

599 Tutors

Massachusetts Institute of Technology

2319 Tutors

New York University

1645 Tutors

Notre Dam University

1911 Tutors

Oklahoma University

2122 Tutors

Pennsylvania State University

932 Tutors

Princeton University

1211 Tutors

Stanford University

983 Tutors

University of California

1282 Tutors

Oxford University

123 Tutors

Yale University

2325 Tutors