A Case of Lengthier Annual Reports

A Case of Lengthier Annual Reports Essay example
Masters
Essay
Finance & Accounting
Pages 4 (1004 words)
Download 0
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…

Introduction

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. ...
Download paper
Not exactly what you need?

Related papers

Discuss the Implications of the Increaing Length of Annual Reports
In this regard, many independent and regulatory authorities have tried to protect the investors’ and shareholders’ interest from managements’ biases by taking major steps like corporate governance and accounting policies. Publication of annual reports is one the basic responsibilities. With tightening policies from regulatory authorities, the managements are required to disclose number of…
TESCO Annual Report 2011
It has particularly realized that for this relationship to materialize it has to continue to be grounded by ethical business practices. In doing so it has established a code of ethics for its staff, which basically set the standards for business behavior within it. In realization of the impossibility of covering every aspect of its activities, TESCO has instead set out principles of business…
Loblaws Annual Report Analysis
Such misstatements can arise from either an error or fraud. according to the auditor’s opinion, the consolidated financial statements presented fairly, in all material respects, the consolidated financial position of Loblaw Companies Limited as at January 1, 2011 and were in accordance with the Canadian generally accepted accounting principles. 3. Loblaw is Canada’s largest grocery retailer…
Annual Rreport Analysis
More significantly, financial analysis measures the financial performance of a company as in terms of profitability and investment ratios in its operations. As a result, financial analysis of a company, through the financial ratio allows the management to carry out both firms performance and the trend analysis performance for specific years. Sources of Finance More than often, companies have to…
ANNUAL FINANCIAL REPORT PROJECT ON WALMART
Wal-Mart values its inventories at the lower of cost or market value, which essentially means if the market value of inventory falls, the company will write-down the inventory value in its balance sheet. Wal-Mart is divided into three segments: Wal-Mart U.S, Wal-Mart International and Sam’s Club. All of the merchandise related to the U.S segment is valued using the Last in First out (LIFO)…
Comprehensive Annual Fnancial Report Briefing
As a result, they have to invest more in marketing because that is the component that will help the companies to boost their profits. On the other hand, the governmental organizations usually deal more on assisting citizens of the country. That means that the efforts of the government are usually towards helping the citizens of the country as opposed to making profits. Therefore most of the…
Annual Report Analyze: Star Bucks
But the overall performance of the firm in year 2005 was much more unreliable, because the firm is not doing its job satisfactorily. If we look at all three ratios for the year 2005,.becauze current ratio and acid test ratio are are going down and in the year 2005 the current ratio is very unreliable as total current liabilities exceeds the total current assets. Working capital ratio explains the…