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 Financial and operating ratios (liquidity, solvency, and profitability) Donors