Free Finance Questions Essay Sample
Company’s annual report is an inclusive report that contains activities of a company during the preceding year. The main aim of the annual report is to provide shareholders and stakeholders with the information regarding the company’s financial performance and activities. Companies are required by laws to prepare and reveal their annual reports, and they might be necessitated to keep in their registry. Moreover, all companies that are listed on the stock exchange are necessitated to persistently disclose their on going activities, but this normally depends on the rule of the stock exchange recommendable.
A company annual report many include the following;
- CEO's report
- Mission statement
- Auditor's report on corporate governance
- Chairperson's report
- Summons to the company's AGM
- Statement of directors' errands
- Corporate governance statement of acquiescence
The financial statement includes;
- Income statement
- Cash flow statement
- Balance sheet
- Statement of retained earnings
- Auditor's report on the financial statements
- Accounting policies
- Notes to the financial statements
A good example of a company’s annual report and accounts that will enable us to understand and analyzing its market, productive and financial performance is for the Coca Cola Company. Coca Cola Company is the leading company in manufacture, distribution as well as selling of non-alcoholic beverages in US and other parts of the world. The company was established in 1886 in Atlanta Georgia by John Pemberton who was a pharmacist by combining soda water, shrub weeds from Brazil, cinnamon and lime water. These ingredients formed the original recipes of non-alcoholic beverages, which has become the most consumed across the globe.
The mission statement declares the purpose of the company. It also serves as standard against which Coca Cola Company weighs its decisions and actions. The company has three main mission statements
1) refreshing the world
2) Creating value and making a difference
3) Inspiring moments for happiness and optimism
From above mission statement, it’s clear that this company focus on global market, although it’s a very competitive market.