choose yourself or just title in the instruction field mention please

choose yourself or just title in the instruction field mention please Essay example
Masters
Essay
Finance & Accounting
Pages 5 (1255 words)
Download 0
Do Annual Financial Reports have to be so lengthy and cluttered? October 26, 2012 1. Introduction Deloitte, one of the leading management accountancy and consultancy firms, says that company annual reports have grown in size and the average report has more than 101 pages…

Introduction

At the minimum, the financial report must have the balance sheets, cash flow statements, profit and loss accounts, accounting policies and declarations, notes and annexures, director’s reports, operating and financial review and other such information necessary to understand the financial health of a company (Adelberg, 2012). Besides, as per the rules of regulatory authorities such as the IFRS and GAP standards, listed firms must publish the audited statement of accounts (ASB, 2009). A chartered accountant must qualify and audit these reports or, if the accounts are still under audit, an unaudited statement of accounts must be published (ASB, 2011). The annual report also provides an opportunity for the firm to highlight its achievements, speak about the plans, market share, its strategy and many other topics that the company wants to share with the public (Baker, 1992). Some other criticise this practice and they argue that such bulky reports often take the attention away from important and vital tasks of assessing the financial health of a firm(ACCA, 2012). This essay discusses the issue of excessive length of annual reports and analyses if such lengthy reports are really in need. 2. Reasons for Increase in Length of Finance Reports According to a recent report by Deloitte, many of the larger firms have reports that are more than 309 pages in length. ...
Download paper
Not exactly what you need?

Related papers

Principles of Aerodynamics
In this paper, the control surfaces are shown in a typical aircraft along with their uses. Motion about the longitudinal axis is produced through ailerons. Ailerons are installed in both the wings. To tilt an aircraft in one direction, one of the hinged ailerons moves up while the other moves down. A significant drag acts on the flat ailerons that produce a moment around the longitudinal and…
Just-in-Time (JIT) Techniques
Thus by thinking about the problem the problem it can be viewed and finally when the problem eventually becomes clear leads to kaizen. If one makes it a rule to deal with defects only after they occur and thus the number of its staffs tends to fall. Therefore, things that are running smoothly should not be subject to any control. If you commit yourself to just finding and fixing problems, you'll…
Please see below order instruction
The fluctuations in the forex may result in great losses. In order to get protection from such losses, there are helpful tools like futures contracts which reduce the credit risk greatly. Forward contracts are also very helpful if a party is looking for hedging. A party can also make currency option contracts to protect itself from fluctuating rates. A country has the option to adopt an exchange…
Independent Television (ITV)
Independent Television (ITV) …
Financial service management, please see below for further instruction
As a bank customer service advisor, I will be better positioned to promote financial literacy among individuals to enhance their financial management and investment through quality and informed financial advisory. Normally, banking customer service advisors perform various duties including; one, handling customer complaints by responding to them on a timely basis and to the delight of customers.…
International Financial reporting: Please see below other instruction
The records of the company shows tremendous success for the year 2011 given that during the year it delivered a sales growth of 4% and this was realized through strong cash generation, tremendous progress in research and development. The shareholders returns was increased by 8% through ordinary dividend growth and a supplement dividend of 5% as well as #2.2 billion share buy backs. A total of #5.6…
International loans/ lending : Please see Other instruction
It also explains the consequences that the involvement of international banking in the development of developing countries has caused. To support all this, the expansion and transformation of international activities in the developing countries have been outlined and explained in the paper as well. Contents Introduction 4 Discussion 5 The Expansion and Transformation of International Banking…