A Case of Lengthier Annual Reports - Essay Example

Extract of sample
A Case of Lengthier Annual Reports

It also includes the company’s mission statement and pertinent financial statements (Holmes, Sugden, & Gee, 2008). While annual reports used to fall considerably below the 100-page mark during the last decade, a survey by business advisory firm Deloitte shows that in 2010, the average length of annual reports has reached an all-time high of 101 pages (Deloitte, 2010). Interestingly enough, the lengthiest reports are littered with more advertisement-like photographs and captions than relevant narratives and figures. These are the supposed culprits of reports being lengthier than they used to be. Such a phenomenon is of primary interest because of the impact that this has on the ability of such reports to serve their true purpose. Questions arise as to whether lengthier reports actually provide readers with more information or additional confusion? Do the long reports indicate that companies are revealing more of their respective businesses’ actual performance or are they merely an effort to gloss over weaknesses that new regulatory rules aim to draw out? Do lengthier reports mean more substance or just more clutter? This paper attempts to provide answers to these questions and adequately support the claims made herein by extracts from actual company annual reports. Company reports included are those of Ericssion, Carlsberg, and Walmart. ...Show more

Summary

An annual report comprehensively provides stakeholders and other interested individuals or institutions an overview of a company’s activities and financial performance throughout a given year, usually the one preceding the current year…
Author : rachel82
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"A Case of Lengthier Annual Reports"
with a personal 20% discount.
Grab the best paper

Related Essays

CNC-CMM & Poisson Distribution
This has specific uses in reverse engineering where a well designed model can be reverse engineered to ascertain its dimensions. This is ideal for manufacturing components where the technical backup to produce such a product may be lacking. However, in the field of quality and process control, this could be used to ascertain the number of defective parts or the number of components that are not in line with the required set of standard dimensions.
6 pages (1500 words) Coursework
Discuss the Implications of the Increaing Length of Annual Reports
People have realized the necessary aspect of trade and business and they incorporated which has brought rapid developments. In case of public sectors, one of the primary areas of concern is the ethical issues which must strive to meet the expectation of stakeholder by offering higher level of transparency (Silverman, 2008, p.74).
4 pages (1000 words) Essay
TESCO Annual Report 2011
TESCO workforce is approximately 47,000 employees that are scattered in its 4,331 store that are scattered in 14 countries. TESCO realizes the importance of establishing cordial relationships with its customers, business partners, employees, suppliers, and the community that it serves.
6 pages (1500 words) Coursework
Loblaws Annual Report Analysis
The auditor’s role is to give an unbiased opinion on the company’s consolidated financial statements based on their own audits. The audits were conducted in accordance with the generally accepted Canadian auditing standards. They had to comply with ethical requirements in order to make sure that the prepared financial statements are free from any material misstatement.
8 pages (2000 words) Term Paper
Annual Rreport Analysis
As a result, the company is made of shareholders who own equity and long term and short-term sources of finance. Depending on the capital structure of the company, its financial leverage is affected and because of this most companies prefer using equity and long term debt in most cases depending on their financial performance.
4 pages (1000 words) Coursework
ANNUAL FINANCIAL REPORT PROJECT ON WALMART
Wal-Mart believes in providing extensive variety of products and services at every day low price (EDLP) and hence its target market includes people belonging to middle or lower middle classes. The inventory of Wal-Mart increased by 10.7% from $36.437B in 2011 to $40.714B in 2012 (Wal-Mart, 2012).
4 pages (1000 words) Essay
Comprehensive Annual Fnancial Report Briefing
That is done by selling the company products at a profit and that is the core business. That means that such businesses have to keep their costs as low as possible and that will help them in the increment of their profits. Such companies are usually driven by profits.
5 pages (1250 words) Essay
Management accounting and control (5-8)
As time passes on, the roles of the accountant keeps changing. In addition, they become more diversified enabling the roles of the accountant to be viewed in varied forms of activities. Management accountant hence applies several forms of concepts and practices in the process of budgeting.
15 pages (3750 words) Coursework
Financial Analysis BMW
certenities has promted the company to use both equity financing and debt financing ;both the strategies are geared towards provision of fair returns to the shareholders and the lenders. The company takes a propotionate amount of financial instruments and factors in account to
5 pages (1250 words) Essay
Annual Reports with Calculations
Financial ratio analysis is also used to measure the performance of an organisation against the performance of other companies in the industry. Financial ratios are calculated using various components of the balance sheet and income statement.
5 pages (1250 words) Assignment
Find out how much would it cost
to get a custom paper written by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT