By John Stittle
All businesses and likewise many different enterprises are legally required to provide an annual record. through the years the aim, nature and content material of annual stories have dramatically replaced. expanding numbers of businesses are knowing that the yearly record isn't just fascinated by generating felony and accounting info. extra considerably, businesses can use their annual report back to speak company messages and to advertise influential photos and issues to quite a lot of prime stakeholders corresponding to shareholders, staff, bankers, consumers and most of the people. yet how is that this to be performed successfully? This booklet concentrates on making sure that the ''corporate message'' is communicated to stakeholders in a fashion that maximizes the worth of the once a year document and descriptions how this could top be completed. It explains the significance not just of the quantitative (accounting) details but additionally the qualitative content material akin to the chairman's assertion, administrators' record, working and monetary evaluation, explanatory notes etc. specific popularity is given to the criminal, inventory alternate accounting specifications in addition to to the more and more very important yet extra discretionary parts of content material akin to social, environmental and moral reporting concerns. Crucially, the e-book discusses the significance of digital verbal exchange now that laws permits businesses to carry details over the net. On a pragmatic point, the ebook takes the reader in the course of the tactics and tactics in really handling the guidance and construction of the file. either the sensible and theoretical points of the e-book are positioned in context by means of proper extracts taken from ''real-life'' annual reviews of significant organizations. through the use of those genuine examples the e-book highlights what works and what does not.
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Additional resources for Annual Reports: Delivering Your Corporate Message to Stakeholders
1 Tate & Lyle PLC’s ten-year review Reproduced by kind permission of Tate & Lyle PLC. Preliminary announcements Although a company may have ascertained its overall profit and other key financial information at, or very shortly after, the year-end it can take many more months to publish and distribute the annual report and accounts. content of financial statements 43 Normally, in accordance with the FSA/Stock Exchange Listing Rules, a listed company must publish its accounts within six months of the yearend.
Initial indications are that the EU will create an Accounting Regulatory Committee, chaired by EU representatives, which will decide which IASs the EU will accept as being applicable to European listed companies. There are a number of international accounting standards issued by the International Accounting Standards Board. 2). 2 International Accounting Standards (International Financial Reporting Standards issued by the Accounting Standards Board) 28 annual reports The stock exchange/Financial Services Authority framework As well as complying with legal and accounting rules, some companies are required to comply with an additional set of regulations.
Cash flow statements Companies are also required to produce a cash flow statement (CFS). The CFS is not a legal requirement, but it is required for all companies except those classified as ‘small’ under the legislation by the professional accounting standard FRS1, Cash Flow Statements. This standard requires companies to draft a statement that identifies all the cash movements into and out of the company. Advantage A CFS has a considerable advantage over the profit and loss account. The profit statement is prepared under accounting practices and is subject to opinion and interpretation in applying accounting policies, whereas the CFS is solely prepared on the basis of cash received or paid.