The Cash Flow Statement examines what happened in the Cash Account during the year. Cash injections appear
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At the end of each year of operations, companies prepare a report called Annual Report . This report includes information on the financial condition of the company, including achievements as well as problem areas of the company. Annual reports are prepared by the company's management and are addressed to the Board of Directors, shareholders, employees, clients and others interested in knowing the financial and operational results of the company. In particular, this report is very important for investors, because they can obtain immediate information to determine whether or not to continue providing capital for the company. It is very common to see in these reports that updated information is disclosed about the company's progress and its future prospects.
As a final requirement of this course, each work group will prepare an Annual Report using the information obtained from round 1 (module 3) to round 4 (module 6) of the simulator.
The report must include:
- A cover with the name of the company, its members and the title "Annual Report . "
- A page with the executive summary written in the form of a message (letter) addressed to the Board of Directors, shareholders, employees and clients of the company. In this letter, you, as the company's management group, will highlight the main financial and operational achievements obtained at the end of year number four compared to the position found at the beginning of operations in round 0.
- A page where they identify which of the six basic strategies was chosen by the group at the beginning of the simulation and any variations made throughout the next rounds. They must also explain whether or not this strategy helped them gain a competitive advantage in the business simulation, and whether the competitive advantage was temporary or sustainable throughout the years and why.
- An analysis of the performance of each functional area - R&D , marketing, production and finance - of the company in its round 0 (how the company was found) compared to an analysis of the company's performance in its round 4 (financial and operational position at the end). simulation).
- For the marketing area , an analysis of market share, prices and investment in promotion should be included . In this evaluation they must integrate a comparative analysis with other competitors within the industry. In addition, they must use graphs, diagrams and other visual elements that present the analysis of the results obtained by their company and the comparative analysis with the industry throughout the four years of the simulation.
- At the end of the report, each group member must include a reflection on their individual and group experience during the simulation. How did this experience help you better understand the management work that a company manager does?
Essentials of Accounting for Governmental and Not-for-Profit Organizations
ISBN: 978-0073527055
10th Edition
Authors: Paul A. Copley