StudentShare solutions
Triangle menu

Comprehensive Annual Fnancial Report Briefing - Essay Example

Not dowloaded yet

Extract of sample
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 services that are offered by the government are usually subsidized and that will help to ensure that the poor and needy people in the community get access to the most essential facilities. The main sources of government revenue include fines that are collected, licenses, and donations. That means that any government facility that is available doe not majorly deal on the issue of making profit but basically charges a small fee for the facilities to be able to sustain their most essential needs (Martin, 2000). The other differences include the following, the owners of the government facilities is the public whereas for profit corporations are owned by shareholders. The decision is made by the shareholder of the company whereas the decision for governmental facilities is made by the people that have been elected by the public as their representatives. The government facilities do not aim at making profits while the for-profit corporations usually aim at making of profits. ...
es Notes of financial statements The statements that are prepared by for profit organizations include; Balance sheet Income statement Statement of cash flows Statement of stockholder’s equity Notes of financial statements The source of revenues for the government include the following Donor contributions Fines Taxes Levies Investment income Grants Source of income for the for profit business include the following Sales of merchandise Fees for services Investment income Gains on investments MD and A This should introduce financial statements that are basic and give an overview that is analytical in regard to the activities of the government. The MD & A usually provides a financial manager with a good opportunity to present both long and short term analysis of the activities that regard the operations of the government. The process should; provide an n analysis that is objective and easily read in regard to governmental activities. It should also include analysis that shows yearly performance. The analysis should show the yearly source of income for the government, the usage of funds by the various governmental bodies, the way the funds were distributed and any amounts that were left as surplus. This process will ensure that there is accountability in the government and that the fund that is associated with the public is appropriated well so as to ensure that there is no instance of fund misappropriations. The MD&A usually focus primarily on the government. The comments that are found in the MD&A should be able to distinguish between information hat regards the different components of the government and the primary government working and the primary government. The e outline of the MD&A 1. Brief description of financial statements. The description should include ...Show more

Summary

Comprehensive Annual Financial Report Briefing Date Government accounting is usually different from for profit accounting. This is basically because the two have different objectives or goals. The main goals of a for-profit business are to maximize on the profits of the company…
Author : meaghan34
Comprehensive Annual Fnancial Report Briefing essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Comprehensive Annual Fnancial Report Briefing"
with a personal 20% discount.
Grab the best paper

Related Essays

Individual Report/Briefing
The report analyses the current situation within the industry, identifying various shortcomings of the currently available information. The report further discusses the various opportunities that are available for the company in creating a competitive edge within the industry.
7 pages (1750 words) Essay
Annual Report
It normally deals with cancers and tumors. Our oncology department has developed the most innovative and effective radiation therapies globally. These therapies include proton beam therapy and IORT. Our ontology department efforts on laboratory research are focused on both epithelial and hematologic malignancies.
5 pages (1250 words) Essay
Annual report analysis
The overall performance of the firm in year 2003 was much more reliable, but still firm is doing its job satisfactorily. If we look at all three ratios for the year 2005, then it look quite satisfactory. But current ratio and acid test ratio are rising after year 2004 that is a very good sign.
4 pages (1000 words) Essay
Annual Report Review
Salads, Frozen, Biscuits and Puddings – operating across Chilled, Frozen and Bakery divisions – in both the retailer own brand (ROB) and branded arenas. The main competitors of Northern Foods Plc are Nestle, Uniq and United Biscuits whereas Nestle has global presence in
16 pages (4000 words) Essay
M &S annual report
This Combined Code on Corporate Governance’ was updated by Financial Reporting Council in 2006 and it is now known to be the ‘Code’. The ‘Code’ enables M&S to build
4 pages (1000 words) Essay
Annual Report- Starbucks
We responded with innovative approaches, which have yielded the desired results. We shall continue to pursue growth and profitability through fresh and innovative measures in the
2 pages (500 words) Essay
Annual report
Furthermore, the company endeavors to give products services that are environmental friendly. Moreover, the corporation is essential in developing technology required to enhance advancement and progress in many areas. Therefore, these
2 pages (500 words) Essay
Annual Report Project
This part informs the user of the annual report on the qualifications and reliability of the accountants who compiled the data. This gives a sense of accurate data since they are considered to be of high standard. An auditor expresses his opinion on whether the
3 pages (750 words) Essay
Wynn Resorts Annual Report
It is also the mission of the company to provide quality and unique services to its customer in all branches. The company has recorded an improvement in its financial performance for the two financial years. For example, the was an improvement
6 pages (1500 words) Essay
Budget vs Comprehensive Annual Financial Report (CAFR)
The CAFR is a significant document that comprises of different financial reports that a budget lacks and the budget is even a portion of the several financial reports that
1 pages (250 words) Essay
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
Comments (0)
Rate this paper:
Thank you! Your comment has been sent and will be posted after moderation