[Get Answer ]-Importance Of Information In The Annual Financial Report

Question Description

Senario: You have been promoted to a member of the management team in Krona Hospital 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 Any 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

APA Format with reference
800 words