You have been promoted to a management position in the financial department of Krona and must prepare a new employee for their role in assisting with the board of directors meeting and annual financial reports. You are to write an email explaining to the new employee the components and process for creating an annual report, with a focus on how accounting inputs are formulated into financial statements and reports. The email should also discuss 3 of the following annual report components: financial statements, management discussion and analysis, and financial/operating ratios, explaining what information they provide and why understanding them is important.

1. 2 Pages
APA Style
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
Understand health care financial statements
Comprehend the principles of health care accounting.
Apply cost information
Develop an understanding of budgeting and forecasting.