By John Stittle
All businesses and likewise many different agencies are legally required to supply an annual document. through the years the aim, nature and content material of annual experiences have dramatically replaced. expanding numbers of businesses are understanding that the once a year document is not only all in favour of generating felony and accounting details. extra considerably, businesses can use their annual report back to converse company messages and to advertise influential photographs and issues to quite a lot of best stakeholders equivalent to shareholders, staff, bankers, clients and most of the people. yet how is that this to be performed successfully? This ebook concentrates on making sure that the ''corporate message'' is communicated to stakeholders in a manner that maximizes the worth of the once a year document and descriptions how this is able to top be accomplished. It explains the significance not just of the quantitative (accounting) details but in addition the qualitative content material corresponding to the chairman's assertion, administrators' file, working and fiscal evaluate, explanatory notes etc. specific acceptance is given to the felony, inventory alternate accounting specifications in addition to to the more and more very important yet extra discretionary components of content material equivalent to social, environmental and moral reporting concerns. Crucially, the publication discusses the significance of digital communique now that laws permits businesses to carry info over the net. On a pragmatic point, the ebook takes the reader in the course of the systems and tactics in truly handling the education and construction of the file. either the sensible and theoretical facets of the e-book are put in context via appropriate extracts taken from ''real-life'' annual reviews of significant agencies. through the use of those genuine examples the publication highlights what works and what does not.
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Extra resources for Annual Reports: Delivering Your Corporate Message to Stakeholders
But the annual report (combined with the interims and preliminary announcements) is still a worthwhile source of information for a number of users. Additional information Remember that the Companies Acts and other accounting requirements are established on a minimum basis. Companies can, and occasionally do, provide information over and above the minimum levels. Companies should certainly consider how they could perhaps provide additional information that might be of at least some value to their wider audience.
Some transactions, such as a profit on revaluing property or a loss arising from the translation of some forms of foreign currency transactions, are not entered directly in the profit and loss account. These types of transaction are termed unrealized profits or losses, or more colloquially, ‘book’ or ‘paper’ profits and losses. Since the profits and losses are not realized – that is, they have not actually been made or lost – the transactions are shown in the STRGAL to provide a full picture of all of a company’s gains and losses, both realized and unrealized.
The two professionally required accounting statements are: ● the cash flow statement ● the statement of total recognized gains and losses. These two latter statements should be given equal prominence in the accounts, along with the profit and loss account and balance sheet. The 1985 Companies Act (Schedule 4) insists that all companies produce a profit and loss account and balance sheet in a highly prescribed manner. The legal provisions are not only concerned with content but also with the format.