...Annual Report Analysis SK Md Saif Ali (Neil) 500335019 CMN 413 Analysis of Annual Report: McDonalds Here is an annual report analysis of McDonalds based on recurring themes, corporate image, Branding, Readability, design, interest, factual comprehensiveness, consistency and transparency. Recurring Themes: Health concern is the biggest issue to general people when it comes down to fast food. Despite of their great they are incapable to promote good health. In 2012 Annual report, McDonalds claimed to overcome these issues by providing food with quality and taste. By adding real fruits, vegetables, salad to its menu, it has taken the food quality to a new level. Moreover, McDonalds has also become more eco-friendly. By successfully diminishing the usage of carbon footprint and energy, McDonalds proved that point to some extent. This organization has a family crisis fund to help families during depraved times. Corporate Image: approximately 69 million people around the world is served food by McDonalds. McDonalds has differed itself from other companies by seeking competitive advantage. They try to gain that by adding healthy food to their menu and by renovating the business. On page 5 of annual report, It is stated that how standing out for employees and looking out for its own people have earned McDonald’s a competitive advantage on others. The reason behind using such statement served multiple purposes. First of all its shows why one should work in McDonalds and...
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...contractor in the United States of America. Its core business areas are Aeronautics, Information Systems & Global Solutions, Missiles & Fire Control, Mission Systems & Training and Space Systems. * Disclosure Policy Lockheed Martin mentions about its disclosure policy under the section of Management’s Discussion and Analysis of Financial Condition and Results of Operation in its Annual Report. It has a number of programs that are designated as classified by the U.S. Government. Such classified programs are consequently not specifically described in the Annual Report. Instead, they are implicitly included in the consolidated business segment results. * General Analysis of the 2012 Annual Report The Annual Report shows the financial data based on customer category. It is shown that in 2012, the total net sales to the U.S. Government accounted for more than 82% of Lockheed Martin’s total net sales. This figure shows the dependence of Lockheed Martin with the U.S. Government. It also shows the amount of money that the U.S. government spent for the purchase of military weapon and equipment from Lockheed Martin in 2012. The Annual Report also shows the financial data based on business segments. It only states the figures for the net sales, operating profit, intersegment sales, depreciation & amortization and capital expenditure of each business segment. There is no specific information elaborating on the proportion of expenditures for Research and Development...
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...Annual Report Analysis for Adidas AG 1. Who are the firm’s auditors? Do they provide a clean opinion on the financial statements? As of 2015, Adidas elected KPMG AG Wirtschaftsprüfungsgesellschaft, a subsidiary of KPMG located in Berlin, to annually audit the company’s annual financial statements. These annual financial statements are completed following the provisions of the German Commercial Code and the German Stock Corporation Act. The auditors do provide a clean opinion on the financial statement of 2015. This can be observed in their closing statement: “Our audit has not led to any reservations. In our opinion, based on the findings of our audit, the annual financial statements comply with the legal requirements and give a true and fair view of the net assets, financial position and result of operations of the Company in accordance with German principles of proper accounting” (Adidas-group.com). 2. Have there been any subsequent events, errors and irregularities, illegal acts, or related-party transactions that have a material effect on the financial statements? There is no mention of any subsequent events, errors, irregularities or illegal acts in the financial statement of 2015. 3. Describe the trend in total assets and total liabilities for the years presented. Adidas’s current total assets, as of March 31st, 2016 is of €7.67 billion euros. This reveals a decrease of 3.1% when compared to March 31st, 2015’s total assets of €7.91 billion euros. The total assets...
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...CHAPTER 1 ACCOUNTING INFORMATION SYSTEMS AND THE ACCOUNTANT Case 1: Annual Report The annual report is considered by some to be the single most important printed document that companies produce. In recent years, annual reports have become large documents. They now include such sections as letters to the stockholders, descriptions of the business, operating highlights, financial review, management discussion and analysis, segment reporting, and inflation data as well as the basic financial statements. The expansion has been due in part to a general increase in the degree of sophistication and complexity in accounting standards and disclosure requirements for financial reporting. The expansion also reflects the change in the composition and level of sophistication of users. Current users include not only stockholders but also financial and securities analysts, potential investors, lending institutions, stockbrokers, customers, employees, and (whether the reporting company likes it or not) competitors. Thus, a report that was originally designed as a device for communicating basic financial information now attempts to meet the diverse needs of an expanding audience. Users hold conflicting views on the value of annual reports. Some argue that annual reports fail to provide enough information, whereas others believe that disclosures in annual reports have expanded to the point, where they create information overload. The future of most companies depends on acceptance by the...
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...“Content Analysis of Annual Report of RAK Ceramics (Bangladesh) Ltd. ” | “Content Analysis of Annual Report of RAK Ceramics (Bangladesh) Ltd.” Submitted to Mr. Al-Amin Assistant Professor Department of Accounting & Information Systems University of Dhaka Submitted by Name Asif Mahmud Ruhul Amin Tithi Rani Saha Md. Waliul Islam Mark Pritom I.D. 11323025 11323016 11323008 11323020 Date of Submission April 30, 2013 Table of Content Letter of Transmittal Acknowledgement Abstract 1. Introduction 1.1 STATEMENT OF THE REPORT 1.2 Objective of the Report 1.3 Methodology of the Report 1.4 Limitations of the Report 2. Overview of RAK Ceramics (Bangladesh) Ltd. 2.1 BRIEF PROFILE OF RAK CERAMICS (BANGLADESH) LTD 2.2 COMPANY DETAILS 2.3 NATURE OF BUSINESS 2.4 VISION OF JBL 2.5 MISSION OF JBL 2.6 SUBSIDIARY COMPANY 3. Content Analysis of Annual Report of RAK Ceramics (Bangladesh) Ltd. 3.1 CONTENT OF ANNUAL REPORT OF RAK CERAMICS (BANGLADESH) LTD. 3.2 POSITION OF STRENGTH 3.3 RECOGNITIONS 3.4 FINANCIAL PERFORMANCE 3.5 KEY ANNUAL HIGHLIGHTS 3.6 CHAIRMAN’S THOUGHTS 3.7 THINKING BEYOND THE CUBE 3.8 6 STRATEGIC QUESTIONS FOR THE MANAGING DIRECTOR i ii iii 1-2 2 2 2 2 3-6 4 5 5 5 5-6 6 7-31 8 9 9 9 9 10 10 11 3.9 SEGMENTAL REVIEW OF PRODUCTS 3.10 RISK MANAGEMENT AT RAK CERAMICS (BANGLADESH) 3.11 CORPORATE AND SOCIAL RESPONSIBILITY 3.12 VALUES 3.13 PROFILE OF BOARD OF DIRECTORS 3.14 EXECUTIVE MANAGEMENT 3.15MANAGEMENT DISCUSSION 3.16 ANALYSIS OF FINANCIAL STATEMENTS...
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... The primary purpose of this essay is to comparatively analyze information disclosure of intellectual capital in the UK and China, using the content analysis method on company annual reports. In contemporary society, the importance of intellectual capital (IC) and the popularity of using IC to value a company’s competitiveness have been increasing. The definition offered by the Chartered Institute of Management Accountants (2001) is probably one of the most comprehensive definitions: “…the possession of knowledge and experience, professional knowledge and skill, good relationships and technological capacities, which when applied will give organizations competitive advantage.” Predicting a company’s future market performance is one of the key functions of IC information disclosure (Roslender and Fincham, 2004). Consequently, IC will have a significant role in the future value creation process. This study has some limitations, such as the small sample number, which has implications for how representative the data are. Ten companies in the respective stock markets were selected in the UK and China (total twenty) and content analysis was performed. A larger sample would have made the calculations too complex for the time available. The following paper reports the results of empirical research indicating that the trend of IC information disclosure is steadily increasing in both China and the UK, indicating that British companies had a better...
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...evaluate and report on the most recent annual report of a company (Seven Network Limited), as if you were security analysts making a recommendation on whether or not your clients should invest in it. Your report should include the following: 1. Business and Strategic Analysis, including • an analysis of the economy, the industry, and the company’s place in the industry; • the company’s competitive and corporate strategy; • the company’s and the industry’s growth potential; • and the implications of all of these for its future profitability. 2. Accounting Analysis, including • a discussion on the company’s accounting policies that are likely to affect the interpretation of its financial reports, • One way of doing this would be a comparison with a competitor 3. Financial Analysis, including the presentation and interpretation of relevant ratios for the company and the competitor (not from the list of companies below), • a time series analysis of these for both companies over the past three years, • and an analysis of the company’s overall financial position. Your analysis should include a drill-down analysis which assesses operating management, investment management, and financial leverage, and also includes a cash flow analysis. Note that this task is not intended as a mere exercise in ratio calculation. Your analysis should attempt to explain and interpret significant trends or changes that you uncover through your calculations. Analysis and interpretation...
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...Business Research Report Financial Reporting According to International Accounting Standards Presented to: XYZ Corporation Assessment Code: RWT1 Student Name: Linda Kaye Craghead Student ID: 000225676 Date: March 13, 2013 Mentor Name: Caroline Juedes Table of Contents Executive Summary.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 Introduction.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Research Findings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Annual Report and Auditing.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 Financial Analysis. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Income Statements.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 Recommendations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Conclusion. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ...
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...1. What are the main sections of an annual report? What are the key contents of each of these sections? | | | Answer: A common annual report is sectioned in some parts and it is briefed with key contents here:Director's report: The director’s report includes the major events of the firm in the preceding year.Management discussion and analysis (MD&A): Management discussion and analysis is the management’s interpretation of the market economy, size, demand and company’s competition and competence.Financial statements and schedules: Financial statements are the crux of the annual report. Financial statement is prepared in 3 parts: Profit and loss account, Balance sheet, Cash flow statement and schedule. | 2.“A limited liability company’s report should be easy to understand by the average shareholder”- Discuss the statement. Answer: Shareholder shares a liability numbered by the value of his purchased share in a Limited Liability company. The shares are purchased by general people, the company’s annual report should be simple for their understanding. 3 ‘Non-financial data is the most useful aspect of an annual report’-Discuss the statement. Answer: An annual report contains non-financial data such as : the company’s background information, firm’s CSR, economic and environmental conscious activities. Non-financial data depicts the firm’s qualitative activity graph. So, it is considered the most useful aspect of an annual report. 4. What are the main steps involved...
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...like an annual report which deliberately assesses a company’s fiscal health, financial status and market position within any specific period (Thomsett, 2007). Annual reports hold a great importance for organization, especially when the organization is owned by multiple owners or is a public limited firm (Thomsett, 2007). To develop the prospect of the company there is a need for a document like an annual report which gives year after year information about the company performance and growth tactics (Thomsett, 2007). There are different reasons of why enterprises give importance to annual reports. Some of the reasons include clean market analysis, comparative financial assessment and productivity analysis which is no other possible if there are no annual reports to compare. It has been that in markets where there is a major population of investors and share holders then enterprises come out regularly with the activity of reporting (Stittle, 2003). Enterprises know that by announcing their financial health (annual report) publically, they are able to connect to their shareholders, distributors and investors, which is very important for both growth and expansion of the business. Meanwhile, annual reports also assess market position as by expressing financial numbers the feedback of market (consumer, investor, shareholder and competitor) is testified and generated (Stittle, 2003). This study is going to access the importance of annual reports in terms of market analysis, productivity...
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...CAMPUS SRI LANKA MBA FOR EXECUTIVES Module Name: Financial Analysis and Management Student Name: Anuradha S. Illeperumaarachchi Module Lecturer: Mr. William Parrott Module Tutor: Mr. S. Skandakumar Date Submitted: 10/07/14 Total Word Count: 4193 Table of Contents 1.0 Introduction to the Report 3 2.0 Introduction to Airbus 3 3.0 Introduction to Boeing 5 4.0 Analysis of Financial Management 6 5.0 A comparative analysis of Airbus and Boeing 7 5.1 Airbus Group 7 5.2 Boeing 11 6.0 Examination of Key Stakeholders and Information Disclosure 14 6.1 Customers 15 6.2 Suppliers 16 6.3 Employees 16 6.4 Shareholders 17 7.0 Way Forward 18 8.0 References & Bibliography 19 1.0 Introduction to the Report This Consultant’s report has been compiled based on information gathered from the annual reports and financial statements of The Boeing Company and the Airbus Group (formerly EADS) for the year 2012. While analyzing the level of disclosure of both companies, this report aims to shed light on industry standards and critically examine whether the needs of key stakeholder groups have been sufficiently addressed in the chosen annual reports. Further suggestions for the improvement of these reports are also made in order to increase benefits for named stakeholders...
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...Research and Analysis Project for B.sc (Hons) In Applied Accounting Business and Financial Performance Of GlaxoSmithKline Pakistan Ltd (2007- 2009) XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXX Prepared by Faisal Saleem XXXXXXXXXXXXXXXXXXXXXXXXXXXX XXXXXXXXXXXXXXXXXXXXXXXXXXXX Mentoring by Fahim Ahmed This project is prepared in accordance with Oxford Brookes University guidelines. Table of Contents Topic & Company selection------------------------------------------------------------------------------3 About GlaxoSmithKline------------------------------------------------------------------------------------4 Overview of the Pharmaceutical Industry-------------------------------------------------------------5 Research Aims and Objectives--------------------------------------------------------------------------7 Information Gathering--------------------------------------------------------------------------------------8 Techniques used in RAP--------------------------------------------------------------------------------10 Limitations in RAP and Ethical issues----------------------------------------------------------------11 Financial Analysis-----------------------------------------------------------------------------------------12 Revenue trend Analysis----------------------------------------------------------------------------------12 Profitability and...
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...See discussions, stats, and author profiles for this publication at: https://www.researchgate.net/publication/273618953 Financial Analysis Report: Malaysia Airlines 2007-2011 ARTICLE in INTERNATIONAL JOURNAL OF SCIENCES: BASIC AND APPLIED RESEARCH (IJSBAR) · SEPTEMBER 2014 READS 913 1 AUTHOR: Gilbert O'Neil Mushure University of Zimbabwe 4 PUBLICATIONS 0 CITATIONS SEE PROFILE Available from: Gilbert O'Neil Mushure Retrieved on: 07 January 2016 International Journal of Sciences: Basic and Applied Research (IJSBAR) ISSN 2307-4531 (Print & Online) http://gssrr.org/index.php?journal=JournalOfBasicAndApplied -------------------------------------------------------------------------------------------------------------------------------------- Financial Analysis Report: Malaysia Airlines 2007 - 2011 Gilbert O’Neil Mushure* Department of Accountancy, University of Zimbabwe,P.O Box MP167 Mount Pleasant Harare Zimbabwe Email: accountancy@commerce.uz.ac.zw Abstract This work is an analysis of the annual reports of Malaysia Airlines Berhad from 2007 to 2011. Profitability analysis was done on the financial statements of the company from 2007 to 2011. Cash and working capital management analysis were done on the financial statements of 2010 and 2011. It was found that Malaysia Airlines Berhad was constantly suffering from high costs of operations which resulted in consecutive negative gross profit over the years.Net profit remained positive...
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...htm An investigation of perceptions of company annual report users in Sri Lanka Anura De Zoysa and Kathy Rudkin School of Accounting and Finance, University of Wollongong, Wollongong, Australia Abstract Purpose – The purpose of this paper is to report on a study of how users of company annual reports in the emerging market of Sri Lanka view those reports. Since limited studies exist that examine financial reporting practices in emerging markets, little is known about the user perceptions of company annual reports in these markets. This paper contributes to filling this gap by examining the views of a wide spectrum of users on the usefulness of corporate annual reports in Sri Lanka. Design/methodology/approach – The data reported in this study were collected through a questionnaire survey, covering seven user groups – accountants, executives, bankers, tax officers, academics, financial analysts, and investors. The 264 responses received were analysed using the Kruskal-Wallis one-way ANOVA test. Findings – The results reveal that most use annual reports for obtaining information for share transactions. Despite the long delay in publishing many annual reports and lack of availability of these reports to the general public, the majority of users view annual reports as the most important source of company information. The paper also reveals that, in comparison with developed markets, Sri Lankan users depend more on annual report information than on information provided by stockbrokers...
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...the current year’s annual report. Required Write a paragraph in which you present the main idea(s) you think the company should present to shareholders in the annual report. Financial statement analysis from the standpoint of management relates to all of the questions raised by creditors and investors because these user groups must be satisfied in order for the firm to obtain capital as needed. Management must also consider its employees, the general public, regulators, and the financial press. Management looks to financial statement data to determine: How well has the firm performed and why? What operating areas have contributed to success and which have not? What are the strengths and weaknesses of the company's financial position? What changes should be implemented in order to improve future performance? Financial statements provide insight into the company's current status and lead to the development of policies and strategies for the future. It should be pointed out, however, that management also has responsibility for preparing the financial statements. The analyst should be alert to the potential for management to influence the outcome of financial statement reporting in order to appeal to creditors, investor’s, and other users. It is important that any analysis of financial statements should include a careful reading of the notes to the financial statements, and it may be helpful to supplement the analysis with other material in the annual report and with...
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