Annual Report Workbook
Getting under the hood of an Annual Report
and knowing what’s inside
by Donald Bittar
Introduction
You can use this workbook for analyzing many companies and saving your analysis for each one, like many professionals. Just like them, over time, you can compare a company’s actual performance to your analysis and predictions. Saving your analysis sheets can help sharpen you analytical skills.
The questions in the workbook are numbered the same way as they are in the book, ‘Getting Under the Hood of an Annual Report’. As there are no questions in the first chapter of the book, the workbook starts with Chapter 2. It will make it easier for you to relate the questions in the workbook to those in
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13 Question 4.6 – Who owns the stock? 13 Question 4.7 – First look at the company’s strength 14 Question 4.8 – Significant changes in the balance sheet 15 Question 4.9 – Significant changes in the cash account 15 Question 4.10 – Debt to equity and the competition 15 Question 4.11 – ‘Income statement’. What’s in a name? 16 Question 4.12 – How does your company report the core business? 16 Question 4.13 – How does your company describe its business income? 17 Question 4.14 – Irregular items. Good or Bad? 17 Question 4.15 – The big questions. Are they makin’ money? Are they lookin’ good? 18 Question 4.16 – Which trend is important and why? 19 Question 4.17 – How strong is your company’s cash position? 19 Question 4.18 – How well can your company pay its bills? 20 Question 4.19 – How leveraged is your company? 21 Question 4.20 – How well does your company invest in its future? 22 Question 4.21 – Capital and Treasury Stock 22 Question 4.21 –Basic information about your company not found on the financial statement? 23 Question 4.22 –Other significant information about your company not found on the financial statement? 23 Questions for Chapter 5 25 Question 5.1 – Working Capital Balance 25 Question 5.2 – Acid Test or Quick Ratio 25 Question 5.3 – Current Ratio 26 Question 5.4 – Cash Ratio 27 Question 5.5 – Return on Sales Ratio 28 Question
This annual report consists of two parts: management’s discussion and analysis (this section) and the basic financial statements. The basic financial statements include a series of financial statements. The Statement of Net Assets and the Statement of Activities (on pages and ) provide information about the activities of the [type of entity] as a whole and present a longer-term view of the [type of entity]’s
This type of report can be very beneficial in the management of a company. Balance sheets can best be reviewed by removing historical data via a Horizontal analysis. Assets, liabilities and owners’ equity can all be scrutinized and compared to determine if any damaging or constructive trends are apparent.
We will also analyze the proforma(s): balance sheet, income statement, cash flow, ratios, and score board. In the income statement, we can see the predicted sales of our products and see if there are any adjustments needed. We also made sure that we are making a good net profit.
Under Armour was founded in 1996 by Kevin Plank , a then 23-year old former special team’s captain of the University of Maryland football team. Plank initially began the business from his grandmother 's basement in Washington, D.C. As a fullback at the University of Maryland , Plank got tired of having to change out of the sweat-soaked T-shirts worn under his jersey; however, he noticed that his compression shorts worn during practice stayed dry. This inspired him to make a T-shirt using moisture-wicking synthetic fabric. After graduating from the University of Maryland , Plank developed his first prototype of the shirt, which he gave to his Maryland
In 2004, the Commission set to evaluate the effects of the Guidelines as part of its congressionally mandated 15-year review of federal sentencing practice. The 1991 Report was a short-term impact review that only evaluated data once the Guidelines were full implementation in 1990. The 2004 Report picks up where the 1991 Report left off by focusing on three primary areas of assessments: Guidelines impact on transparency and rationality of sentencing and severity of punishment, impact of Guidelines on inter-judge and regional disparity, and research on racial, ethnic, and gender disparities in sentencing today (Fifteen Years of Guidelines, 2004).
These services help strengthen the family system and assist all members in developing the skills to support the recovery of the adolescent (p. 3).
While a budget might indicate that a specific government or agency has financial trouble and debt because of excess spending or mismanagement within the select grouping of general fund accounts presented, the CAFR may indicate, in whole, the same government entity, has many facets possessing large holdings considerably over what is shown in a budget report.
Target Corp. is a well-known, nation-wide corporation that will soon been expanding internationally. Target’s goal is to provide exceptional quality merchandise and fresh foods for affordable prices. Their “Expect more. Pay less.” slogan goes far beyond just purchasing in store and online. Target provides exceptional service to their customers, whom they call “guests”, and provides benefits such as quarterly dividends to their stockholders. In the fiscal year, 2010, Target opened 13 new stores and of these new stores, 10 were in new locations. It is Target’s goal to create a convenient shopping experience across the U.S. In addition, Target Corp also supports strong corporate governance.
I normally do not respond to our CFO's weekly report. But, I have a duty to do so based on the deliberate actions, once again, to undermine me as superintendent.
Academics is a word that has different connotations. For some of us, academics is really easy but for many of us, it is probably something that stresses you and makes you worry about your future. At least it did for me. The job of a Commissioner of Academics is to encourage and inspire students in our school. So, what a Commissioner of Academics requires are strong leadership skills, not just being able to take hard courses and get good grades. I believe that a commissioner must to be able understand each and every student. And being a leader in three clubs, I persevered through many things. In 8th grade, I came out not even knowing Algebra and by the end of 10th grade I journeyed through concepts of first year Calculus and I started actually
Nas has been announced as the honoree of the 2nd Annual VIBE Impact Awards, an invite-only gala which honors and salutes entertainers whose achievements have changed and shifted pop culture. The collaboration event presented in partnership with Malibu Red, returns to Los Angeles after honoring the work and accomplishments of RnB Songstress Mary J. Blige last year. Nas receives the honor in celebration of his accomplishments over the past two decades, as well as in celebration of the 20th anniversary of his debut album, Illmatic. Illmatic, released on April 19, 1994 on Columbia Records, marked the entrance of one of hip hop's greatest lyricists and storytellers with classics like "It Ain't Hard To Tell", "The World Is Yours", and "One Love". VIBE's Editor-in-Chief Jermaine Hall describes Illmatic as "arguably hip-hop’s most flawless piece of work. Nas’ ability to clearly capture his surroundings in song is a special talent." The exclusive event will take place January 24th in a private venue located in Downtown Los Angeles.
I have researched the company’s financial reports. There will be a financial analysis of the company comparing its present to past two years’ performance and to the performance of its major competitors.
As the company 's fiscal year comes to a close, I am pleased to announce this year 's annual earnings. After another amazing year, Edge of Your Seat Entertainment reported a 9% gain in its film production segment. This increase was attributed to our expanding relationship in association with Focus Films, Lions Gate and After Dark Films in the launching of our latest blockbuster film "Don 't Turn off the Light!” Theatrical revenue generated from its October release grossed $36 Million domestically in its first 6 week run. This was also in conjunction with a 4% growth in TV viewership per Nielsen 's reported rankings after successfully airing original programming such as "What Lies Beneath New York" and "The Thing that Lives in the Closet"
For the story the Great Wall of China is a series fortifications in northern China that was built to protect the northern borders of the Chinese Empire against the intrusion of various nomadic groups. The company has about 30 subsidiaries and 38,000 employees working for them. Taking a look at the products Great Wall Motors has to offer, it includes three categories of “Haval SUV”, “Voleex Sedan” and “Wingle Pickup”. Great Wall Motor has been winning a few awards. It has been listed in the “Forbes Top 100 Chinese Enterprises” twice, had gain honours of "China 's 500 Most Valuable Brands", "Most Valuable Listed Automobile Company" and "No. 1 of Top 10 Listed Chinese Automobile Companies".
Based on the financial ratios given, this section will compare and contrast the financial strengths of Company X and Company Y in order to suggest Tringale Ltd to take decision regarding which of the above companies to chose for investment. This section provides comments on financial performance areas based on the data given, and presents report to the Board of Directors of Tringale Ltd by recommending which of the two investment opportunities is better.