Comprehensive annual financial report

It is necessary to perform financial analyses on all types of organizations to ensure successful operations. There is a great need for accountability in government organizations because their activities are accountable to their constituents. “Rising cost and declining revenues have hampered the financial affairs of state governments, forcing many to curtail services, reduce employee benefits, and trim the workforce, calling into question the fiscal sustainability of many state governments” (Thorton, 2012). Therefore, it is necessary to complete an analysis of the organization’s finances. The comprehensive annual financial report (CAFR) can be used to show accountability to an organization’s stakeholders through transparency. This type of financial report helps communicate an organization’s financial situation to the stakeholders and analysts. In class, it was discussed that there are several guidelines and standards by which organization have to follow in regards to their financial statements and operations. For example, organizations have to abide by Generally Accepted Accounting Principles (GAAP) and the Governmental Accounting…

1. Introduction In this report I will be producing literature on Corporate Governance, with particular reference to a public company. The literature review that has been assembled is an appendix to this report. 2. Methodology In this assignment I have used different resource to gather my information for my main body. The methods I used to conduct my research was firstly going to the city library in Wolverhampton, I researched through numerous of journals and books about Corporate Governance…

Target’s weaknesses include: limited financial leverage, product recalls, and patent infringements. First, the company’s limited financial leverage may influence its ability to borrow and repay money, which can impact its business operations. Second, Target’s management team must find a way to mitigate product recalls. In June 2014, the company recalled Peppa Pig Knit Pyjama and Sleepsuit due to the products failure to comply with the mandatory standard for children’s sleepwear ("Form 10-K:…

contract is for a future transaction of some underlying financial asset. The purpose for companies to implement derivatives are to aide them in managing risk by using a type of financial forwards, futures, options, or swaps. For example, a forward contract is when Company A believes Company B’s stock price will substantially increase over the next year. However, Company A does not have the resources to purchase the stock today. Therefore, Company A and B enter a contract for delivery of 10,000…

Summary of J, C. Penney’s Annual Report Through the creation of a summary of financial reports management such as business executives can have access to information fast. Thus, helping executives identify the most important points showcased in the financial report. A prime example is as simple as a break down on how much business have spent on advertising and marketing during the year. By comparing revenues, profits, expenses, and factoring in the year-over-year changes will help executives…

INTRODUCTION This report aims to study the communication systems of a not-for-profit organisation in Victoria, named Victorian AIDS Council (VAC). In the first part, some background information, including an organisational chart, different channels of communication with the organisation’s key internal and external stakeholders and funding resources will be examined. In the second part, a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis will be employed to examine the competitiveness…

INTRODUCTION The objective of this report is to examine the effectiveness of board of directors of China Primary Energy Holding Limited in terms of the communication and other forms of engagement with shareholders. The following passage will discuss the topic above in three main areas that are the degree of compliance with Hong Kong GEM Corporate Governance codes, the impact of ownership structure on company’s performance and the effectiveness of communication with shareholders. BACKGROUND…

not objective and can be subjected to personal interests. Tesco commercial income scandal Prior to 2014 different analyst warned that Tesco seemed to be undertaking aggressive accounting policies. Due to the complexity of estimating the commercial income, the auditors included a note in the 2014 report…

Independent Auditors Report To the Shareholders of Creamy Chill Inc. The consolidated financial statements which we have audited, consists of the consolidated balance sheets as at December 31, 2015, and changes in total equity and cash flows for the years then ended Management’s Responsibility for the Consolidated Financial Statements At Creamy Chill, it is the responsibility of the Management team to prepare a fair consolidated financial statement. According to the International Financial…

achieve through decisions with respect to financial reporting for uncollectible accounts? Management’s objective was to find alternatives to better manage the way credit card charges were collected. The new system that was being used allowed the company to charge off customers’ accounts that neglected to make a payment within eight billing cycles. The intention of the new system was to assist the company in better managing their collection efforts giving them the ability to identify accounts…