新西兰毕业论文代写

Why Annual Reports have increased in Length
Annual Report is a detailed information setup required for the various classes of people relating to their sphere of activity. Stakeholders, creditors, financial analysts and customers require information relating to investment decisions. The core form of annual report is financial statements which are presented in the form of balance sheets, cash flows and outflows, detailed synopsis as well as management notes which also incorporate the auditor’s opinion (Friedlob and Welton, 2008). All these sources of information pooled together ascertain the total strength of the company. With the latest advent of technology these reports are available at the click of a button but a lot of pride and effort goes in preparing this. The present age of information explosion has contributed to the immense increase in length of the annual reports.
But there has been a change in this emerging pattern. According to the survey by the company Deloitte the reports have come down to the 2009 levels (Deloitte, 2011). To quote in the words of Sobel Sharp, Senior technical audit partner at Deloitte “Annual reports are 123% more than what they used to be in 1996”. The length of these reports has increased due to the complex reporting structures. Because of the towering nature these reports are decreasing in significance value and have lost its sheen. As these reports do a detailed scrutiny of the various fields in a company this information is required in minute details for everyone. Secondly certain mandatory requirements like company law and statutory procedures need to be followed which adds to its complexity (PWC in Wales, 2011). Thus, the exact causes for increasing the size in the length of the reports are the following:
• As standards and amendments are being modified on a regular basis increase in the number of disclosures contributes to the bulky reports (Financial Dublin, n. d.)
• Survey shows that companies feel that increase in goodwill balances (64 % of the company discloses) contributes in its image of credibility and further it compounds the problem of lengthy annual reports (Deloiite 2009).
• Constant mergers and acquisitions also adds to the problem (32 % of the companies were a part of this and there was an increase of 48% as compared to the last year)

新西兰毕业论文代写

为什么年度报告的长度增加

年度报告是一个详细的信息设置为与它们的活动范围的各种类所需的人。利益相关者,债权人,金融分析师和客户要求有关投资决策的信息。年度报告的核心是在资产负债表的形式给出的财务报表,现金流量和流出,详细内容以及管理笔记也将审计意见(弗里德洛布和威尔顿,2008)。所有这些来源的信息汇集在一起,确定公司的总强度。随着新技术的出现,这些报告可以在点击一个按钮,但是很多的骄傲和努力去准备这。信息爆炸的时代有助于年度报告的长度的巨大增长。

但是有了这个新兴模式的改变。根据公司德勤的报告已经下降到2009水平的调查(德勤,2011)。在Sobel尖锐的话引用,高级技术审计德勤合伙人”的年度报告中123%以上是他们曾经在1996”。这些报告的长度,由于复杂的报表结构增加。由于高耸的性质,这些报告是在价值下降,失去光泽。这些报告做的各种领域中的公司此信息在微小的细节需要每一个人的详细审查。其次一定的强制性要求公司的法律和法定程序必须遵循这增加了其复杂性(普华永道在威尔士,2011)。因此,提高报告的长度尺寸的确切原因如下:

•为标准的修订是在定期披露数量的增加有助于笨重的报告修改(财务都柏林,N. D.)

•调查显示,公司认为商誉余额增加(64%的公司公开)有助于其信誉形象进而化合物冗长的年度报告的问题(deloiite 2009)。

•不断的兼并和收购也增加了问题(32%的公司是这一部分有48%的增长相比,去年)

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