An employee has been promoted to management in a financial department and hired a new staff member to assist with preparing materials for an upcoming Board of Directors meeting. The employee must write an email to the new staff member explaining the components and process for creating an annual report, focusing on how accounting inputs are formulated into financial reports and statements. The email also needs to discuss 3 of the following annual report components: the Chairman's letter, 10-year financial figures summary, management discussion and analysis, CPA opinion letter, financial statements, and financial/operating ratios.

1. Task Type:
Individual Project
Deliverable Length:
2–3 pages
Points Possible:
100
Due Date:
1/26/2015 11:59:59 PM CT [removed]
You have been promoted to a member of the management team
in Krona’s financial department. You have hired a new staff
member who will to assist you in preparing materials for the
next Board of Directors meeting, in which the annual financial
reports will be presented. You are required to accomplish the
following:
Write an e-mail to your new employee explaining the
components and the process of creating an annual report. Focus
strongly on how accounting inputs are formulated into financial
reports and statements for the organization.
Discuss 3 of the following annual reporting components, what
information they provide, and why they are important to
understand:
Chairman of the Board Letter
Sales and marketing summary
10-year summary of financial figures
Management discussion and analysis
CPA opinion letter
Financial statements (balance sheet, check sales, profits, R&D
spending, inventory and debt levels over time) subsidiaries
Brands, and addresses
Financial and operating ratios (liquidity, solvency, and
profitability)
Donors