...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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...into Powdered and liquid beverages, Water, Milk produces and Ice cream, Nutrition, Prepared dishes and cooking aids, Confectionery, PetCare and Pharmaceutical products (Forbes.com). In light with this paper is to review the company’s 2011 Annual Report, pointing out on the company’s annual report’s effective use of graphs, images and repetition that enables effective delivery about the Company’s goals, mission, financial statements, long-term innovations that attracts readers, customers, investors and shareholders. According to Garrido, Silveria and Gomez (2005), visuals play a significant role in business annual reports. Nestle uses visuals to focus the readers’ interests, attracting them to the information presented in the report and attempting to hold their attention. Such visual representations like tables and graphs are remembered more easily and accurately than numbers. Often, business texts and reports become too dense and boring for readers, despite their initial interest (p. 2). Taking note on the Company’s 2011 Annual report covering on their 2011 Consolidated Financial Statements (p. 32), it showed different types of graphs such as bar graphs, dot graphs and pie graphs that visually represent the descriptive content of their financial report. For example, the report showed the company’s sales growth in different geographical regions where they operate such as Europe, America, Asia, Oceania and Africa (p. 33). Their geographic sales in three different zones or regions...
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...Assignment 1: Annual Report Project Due Week 8 and worth 20 points The purpose of a corporate annual report is to communicate to stockholders and other interested parties its financial statements. The annual report is a summary of the corporation’s operations over the previous 12-month time period and states the corporation’s plans for the future. Many annual reports are created to resemble a corporate brochure, using lots of pictures, color, charts, and graphs. Despite the fancy look, the main purpose of the report is to provide the year’s financial data, which comes from the corporation’s accounting system. Instructions: Obtain a current annual report for any U.S. company you are interested in analyzing. Each student must choose a different company to analyze; therefore students must receive approval of the selected company from the professor by Week 5 of the class. Write a 2-3 page paper in which you: 1. Identify and explain the main sections of the annual report. 2. Discuss the key factors that influenced the company’s financial performance during the year. 3. Discuss the primary assets held by the company. 4. Explain how management characterizes the internal control environment of the company. Your assignment must: * Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format. Check with your professor for any additional instructions. *...
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...Introduction It is a mandatory requirement for public companies in most countries to produce a financial report on a periodic basis for relevant regulatory bodies and shareholders. The financial report usually includes a director’s report, three financial statements and an audit report, as well as relevant notes to the accounts. This paper will look at the financial reporting practices of four companies in a comparative international context from a user’s perspective. This report was not completed to assess the performance of the selected companies. Instead the research objective of this paper is to analyze the annual reports of the four top tier companies in the global airline industry and observe which airlines disclose the most useful information, within their annual reports, for me as a user. How you read an annual report depends upon your purpose. As an investor, your purpose may be to assess: profitability, survivability, growth, stability, dividends, risks and other factors which may affect your investment in that company. This paper focuses upon five aspects of reporting within the companies’ annual reports that were the most relevant to me as a user: geographic segmentation, the auditor’s report, presentation, fuel risk, and the letter to the shareholders. Delta Airlines was chosen as the base airline to compare the other three airlines to; China Southern Air, Emirates Air, and Lufthansa Air. The analysis resulted in a very distinct successor. Emirates Air...
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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 approach than...
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...Statements University of Phoenix Health Care Financial Accounting HCS/405 December 06, 2010 Health Care Case Study: Financial Statements This paper is a health care case study of financial statements for Patton-Fuller Community Hospital. This summary is a review of the annual report and financial statements and the differences between the audited and the unaudited statements. The financial ratios are examined to determine if there has been improvement from 2008 to 2009 and to explain the cause. This paper will also summarize the relationship between revenue sources and expenses and explain the effect of revenue sources on financial reporting. The summary will also determine how the hospital’s revenues and expenses are grouped for planning and control. Audited and Unaudited Financial Statements The balance sheets for the Patton-Fuller Community Hospital for the years of 2008 and 2009 appear to have a discrepancy of $1,000,000 in the patient accounts received. On the 2009 unaudited statement, there was $59,787,000 and on the audited there was $58,787,000 which accounts for the $1,000,000 difference. Additionally on the Statement of Revenue and Expense for years 2008 and 2009 there was a discrepancy of $1,000,000 in 2009. This discrepancy appeared on the provision for doubtful accounts. The unaudited report showed $13,797,000 and the audited shows $14,797,000 which accounts for the $1,000,000 difference. This makes the “net income” for the year (2009) $627,000...
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...Administration, Department of Accounting and Information Management, Universiteit Maastricht, Maastricht, The Netherlands, and Els Oirbans PriceWaterhouseCoopers, Eindhoven, The Netherlands Abstract Purpose – This paper aims to study the relationship between intellectual capital disclosures (ICDs) and the relative importance of intangible assets as company value drivers. Design/methodology/approach – Annual reports of Swedish, British and Danish firms are analysed to measure the extent of ICD. The level of intellectual capital (IC) in firms, measured with proxies for the categories of human, structural and relational capital. Findings – As to the components of IC, the empirical results indicate that there is a strong significant positive relationship between (the level of) structural capital possession of a firm and the firm’s ICD. Practical implications – This suggests that firms with a relatively high level of structural capital, disclose more information on IC in the annual report. The study found no such significant association between human and relational capital in firms and ICD regarding these items. Firms might have a transparency drawback in addressing these issues in the reports when these IC categories are relatively of greater importance for firms. Originality/value – The paper provides evidence for the argument that firms focus their ICD on those IC elements that are most relevant for the company’s value creation process....
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...Critical Infrastructure and National Planning Paper Austin Hastings BSS/482 Securing Critical Infrastructure and Cyberspace Ray Gagne September 14, 2015 This paper will discuss many topics to include describing one of the national planning approaches covered in the annual report. Also explaining how prevention, protection, mitigation, response, and recovery were integrated into the approach. Moving into describing the presence of the public or private sector in the annual public meeting. The annual plenary report for 2013 discussed many topics such as the critical infrastructure to include the technology sector. It also discusses on how to improve the infrastructure of cyber security. The plan is to strengthen the partnership in order to share critical information. The report moves to improving the communication path through the necessary communities to ensure security is being up held for cyberspace. Moving in to the transportation sector of the report. In this section of the report the panel focused mainly on the public and private sectors and looked out the partnership they share. Detecting and preventing possible threats is the key to securing this infrastructure. “Ensuring that this sector upholds a specific focus for analysis, and constantly collaborating and communicating with the partners.” (Critical Infrastructure Partnership Advisory Council.) In the fourth panel on the report it discusses about the housing market and how to function with coordinating councils...
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...from organization theorists that address accounting practices. These theorists and professionals have given fresh accountability measures. Their ideals give this industry the tools needed to survive, grow and prosper. The way an organization prepares and reports its financial information and handles its daily operations is in essence financial practices, and in the way it accomplishes this reveals their ethical standards to which they adhere to. This paper will discuss the financial practices, ethical standards, and financial management in health care. Financial management in simple terms is a management of finances for an organization. The goal of financial management is to achieve financial objectives, and can be broken down into four phases. The four elements of financial management are: planning, controlling, organizing and directing, and decision making (Baker & Baker, 2009). In the planning phase financials managers need to pinpoint the organizations objectives and the necessary steps to achieve those (Baker & Baker, 2009). In the controlling phase it is all about ensuring that each department is following the guidelines set forth in the planning stage. This can be accomplished by comparing quarterly reports to see if the departmental goals are being followed. When in the organizing and directing phase it is important for managers to use the organizations resources and to work on a daily basis to make sure the organization is running smooth and according to plan...
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...ACC 498 Financial Analysis Project Guidelines and Rubric To complete the Financial Analysis Project, you will use the text Analyzing and Understanding Annual Reports. You are permitted (and it is suggested) to work in teams for this project if you choose to do so. Teams of 3-5 members are recommended. If you choose to work in teams, designate one member of your team to email the instructor all the names of the members of your team along with the name of the company you are selecting. Email your instructor no later than Thursday 11:59 PM EST/EDT of Module 1. The Financial Analysis Project is broken up so that you complete a part of it in each module: Module 1: Module 2: Module 3: Module 4: Module 5: Module 6: Module 7: Module 8: Part 1 (pp. 1-6 and 36-64) Part 2 (pp. 7-14) Part 3 (pp. 15-18) Part 4 (pp. 19-20) Part 5 (pp. 21-23) Part 6 (pp. 24-29) Part 7 (pp. 30-35) Final Financial Analysis Project This is the compiled financial analysis project. The final report should be no more than 10 pages in length (including cover and reference page(s), use 1” margins, and be typed in either Times New Roman or Arial 12-point font. Include tables and graphs as appropriate. Click Financial Statement Worksheet to download an Excel workbook that will assist you with your Financial Analysis Project. Note: If you are working in a team, every member of the team must submit to the Dropbox to get a grade. Submit each Financial Analysis Project Part to its Dropbox...
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...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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...A++PAPER;http://www.homeworkproviders.com/shop/bus-401-week-5/ BUS 401 WEEK 5 Focus of the Final Paper Evaluation of Corporate Performance The Final Project will involve applying the concepts learned in class to an analysis of a company using data from its annual report. Using the concepts from this course, you will analyze the strengths and weaknesses of the company and write a report either recommending or not recommending purchase of the company stock. Research Tip: The “Mergent” database in the Ashford University Library contains company profiles and financial information for publicly traded companies and their competitors. To access this database enter the Ashford Library and select “Find Articles and More” in the top menu panel. Next, select “Databases A-Z” and go to section “M” for “Mergent”. For help with using Mergent, use Mergent Online Quick Tips. For help with reading an annual report access this handy guide from Money Chimp. The completed report should include: An introduction to the company, including background information. A complete and thorough financial statement review. Pro Forma financial statements (Balance Sheet and Income Statement) for the next fiscal year, assuming a 10 percent growth rate in sales and Cost of Goods Sold (COGS) for the next year. Complete ratio analysis for the last fiscal year using at least two ratios from each of the following categories: Liquidity Financial leverage Asset management Profitability Market value ...
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...3 in Microsoft® Excel®: • 3-29 Spreading the Financial Statements • 3-30 Calculating Ratios Format your assignment consistent with APA guidelines. • FIN 370 Week 2 STRATEGIC PLANNING The topic is Boeing. Find the company selected for the Week 2 assignment's annual report from SEC.gov or the investor relations section of the company's website. Be careful not to use quarterly reports. Write a 350 word paper in which you describe the relationship between strategic and financial planning. Include the following: • How the initiative affects the organization's financial planning • How the initiative affects costs and revenues of the supply chain. Paper must be in APA style and please include references • • Website resources for Boeing http://finance.yahoo.com/q?. FinStatements_2012_2013_2014_Boeing.docx (591k https://finance.yahoo.com/q/is?+Income+Statement&annual FIN 370 Week 2 financial markets and institutions report In Week 2, the students will explain the difference between organized and unorganized, primary and secondary, and money and capital markets. They will describe the role of the various financial institutions and financial markets in the economy. Create a 1,050-word report, and include the following: • Describe the role of the financial institutions and financial markets in our economy • Differentiate between primary and secondary markets. • Differentiate between money and capital markets. Format your assignment consistent with APA...
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...ABSTRACT Publicly traded companies make multiple reports available to their investors through their websites. Not only does these companies make their financial information available to the public, they must also send in detailed reports to the SEC. In this paper, we will be examining a world-wide publicly traded company, American Eagle Outfitters. We will be looking at the financial information that the company has made available for the public to see, as well as the annual form, or 10-K, that is filed with the SEC. FINANCIAL REPORTS AND SEC FILINGS Introduction American Eagle Outfitters, a leading clothing retailer, offering high quality, on-trend clothing options for men and women, adults and children alike. While being a worldwide retailer, American Eagle Outfitters is a publically traded company, which means that its financial information is available for everyone to see. Along with this financial information, AEO must also submit annual reports to the Securities Exchange Commission. In this paper, we will be reviewing the financial reports of American Eagle Outfitters and assessing the differences between each of the financial reports. The Financial Reporting Model The financial reporting model is a written report of the financial condition of a company or firm. Investors and lenders, as well as government oversight, utilize financial reporting for different reasons. Investors utilize financial reporting in order to determine the financial health of a company...
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...too long. * Can include relevant concepts: Deferred Tax Liability, etc * Discussion (50%) * Please use subsections with headings if necessary eg. 2.1, 2.2, 2.2.1. * Please cite accordingly. * Please write using your own words (turnitin penalty: 20 %). * Conclusion (5%) * Please conclude your findings in “Discussion section” by relating it to your objective or issues identified during “Introduction section”. * Presentation (10%) * Editing – Neat presentation – double spacing, font size of at least 12 * Grammar/Language – write good sentence structures * Word count – 1,000 words – don’t write irrelevant points or too many definitions * Please indicate your word count at the end of your report. * Referencing (Part of presentation) * APA or Harvard is fine – proper citation (Author, year) * Make sure you includes some journal articles * Make sure the articles that you include in the reference list are cited in main text * Make sure what are cited in main text are included in the reference list Answer the questions by parts in the proper sequence and organized manner: a) How exploration and development costs create a DT liability? Hints: * Explain DT liability * How DT liability is created? * Explain the accounting treatment vs. tax treatment * relate it to future taxable/deductible amount * taxable/deductible temporary differences * tips: prepayment b) Read and apply...
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