ACADEMIC BUSINESSannual report 年度报告Word下载.docx
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Examinethekeyfeaturesanannualreportrequiresifitistoeffectivelycommunicatewiththiskeyaudience.EvaluatehowwellyourBABC001Companycommunicatesrelevantinformationtoshareholdersandpotentialinvestorsthroughtheirannualreport.
Tableofcontents
Executivesummaryi
1.Introduction1
2.Definitionofannualreport1
3.Majorinformationofshareholdersneeds1
3.1Littertoshareholders2
3.2Financialstatements2
3.3Managementdiscussion2
3.4Auditorcertifications3
3.5Votinginformation3
4.Keyfeaturesanannualreportrequires3
5.HowwellWoodsidecompanycommunicateswithshareholdersthroughannualreport4
5.1Introductionofthecompany4
5.2Financialstatements4
5.3Shareholdercommunication4
5.4Corporationprofits4
6.Conclusions5
7.References6
ExecutiveSummary
Annualreportplaysaveryimportantrolebetweenshareholdersandcompany.Inthisreportbyintroducingthemajorinformationshareholderwillneedfromannualreport,thekeyfeaturesoftheannualreportrequireandusingarealcompanywhichcalledWoodsidetoshowhowaretheydoingbyusingannualreporttocommunicateshareholders.Thisreportisbasedonfivesourceswhicharefromscholarlybooks,providesusefulinformationaboutannualreport.Findingsrepresentthosefiveobjectivesthatshareholdersneedinannualreport:
lettertoshareholders,financialstatement,managementdiscussion,auditorcertifications,votinginformation.Besides,providefinancialdata,offerunderstandableandusableinformation,providerelevantinformation,thesearethreemainpartsoffinancialreporting.Moreover,thereportdiscusseshowwellWoodsideCompanyusestheirannualreporttocommunicatewithshareholders.Inbrief,annualreportisthemostimportantwayforcompaniestocommunicatewithshareholders.WoodsideCompanyintroducesoperatingconditionsandfutureplanningbyannualreport,butthecompanyneedsmoreinformation.
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1.Introduction
Inthismodernworld,communicationbetweenshareholdersandcompanyhasbecomemoreandmoreimportant.Ifcompanieswanttogetmoreinvestmenttoexpandanddevelop,theyhavetohelpshareholdersandpotentialinvestorsunderstandthecompany’soperatingconditionsandfutureplanning.Annualreportcoulddirectlytohelpthemreceiveinformationofthecompany,butitalsohassomeproblems.Forexample,mostannualreportsaretoolongforshareholderstoreadwhichdonothavemuchtime.Thisreportisdividedbythreeparts,thefirstpartwillidentifywhichinformationshareholdersandpotentialinvestorsneedfromtheannualreport,inthesecondpartofthisreportisthekeyfeaturesinannualreportsrequires.ThethirdpartwillevaluatehowwellWoodsidecompanytodothecommunicationwithshareholdersthroughannualreport.
2.Definitionofannualreport
Annualreportisamodernmethodforthecompanytocommunicatewithshareholdersinsteadofgeneralcommunicationmediums(UnleashingthepoweroftheannualreportatDTCC,StuartZ.Goldstein,2005,p1).Also,annualreportreferstotheentirefiscalyearfinancialreportandotherrelevantdocuments.Asgettingcommunicateswithshareholdersisoneofthemostimportantjobsforcompany,annualreportisthewayformanycompaniestocommunicatewithshareholders.Shareholdersandpotentialinvestorswillgettheinformationthattheywantfromtheannualreport.
3.Majorinformationofshareholdersneeds
Forthepurposeofthisreport,annualreportisanimportantcommunicationmethodwhichdirectlyhelpsshareholdersknowthecompany,sotheinformationofannualreportmustbeeffectivelyfulfillsshareholders’demand.Therearefivemainpartsofannualreportshareholderswillneed.
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3.1Littertoshareholders
FirstisLettertoShareholders.Thelettergivesashortsummaryforthecompanytohelpshareholderbuildabasicframeaboutthecompanyperformance(“WhatInformationIsFoundinanAnnualReporttoShareholders”,byTerenceChannon).Fromthebeginningofannualreport,italwaysstartswithmanagementlettertoshareholders.Thestyleforthislettermaybedifferentwhichdependingonthecompanysituation.Thepurposeofthisletteristoconcludethecompanyperformanceoflastyearandshowashortpreviewofthenextyear.Especiallywrittenbythechiefexecutiveofficerorchairmanorpresident,theletterismeanttodefinesomeofthecriticalchallengeswhichcompanyarefacing,andpointoutthecompany'
ssuccesses.(“WhatInformationIsFoundinanAnnualReporttoShareholders”,byTerenceChannon).
3.2Financialstatements
Secondly,themostimportantinannualreportsisthefinancialstatements.Thisstatementcontaintableswhichshowingthecompany'
sfinancialsituation.Thestatementwillalwayscontainabalancesheet,incomeandcashflowsstatement.(ShareholdersExpectPolicy,August2011,p11).Alsomostofcompanieswillgiveotherfinancialchartsthathelpshareholdergetmoreunderstandingfortheoperationsofthecompany.Forexample,agroupcompanywillshowtheirindividualbusinessresults,abankwillgiveabreakdownofitscreditbytypeandtheperformance.
3.3Managementdiscussion
Thirdismanagementdiscussion,thisgivesshareholdersomediscussionsaboutcompany’sfinancialandoperationalperformancefromitsbusiness(“WhatInformationIsFoundinanAnnualReporttoShareholders”,byTerenceChannon).Themanagementdiscussionexplainsthingslike:
whycompanysalesweredriftduringtheyear,whatchangeshadbeenmadetodevelopthefinancialimpactandcosts,thetransactionswithothercompanies.
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3.4Auditorcertifications
Forthisauditorcertifications.Shareholdersneedtoseeauditorcertificationsfromcompany’sannualreport.Becausemostofcompanieswhentheymakinganannualreporttoshareholdersarehavebeentoldtheyhavetobeauditedbyanindependentaccountingfirm.Shareholdersalwayswanttoseethetransparencyofthecompany.Companieswillcertifythefinancialresultsandputinreport(“WhatInformationIsFoundinanAnnualReporttoShareholders”,byTerenceChannon).ThroughSarbanes-OxleyActof2002thecertificationswhichmadebyauditor’sandadministrationfromcompanybecamemoreandmoreimportant.
3.5Votinginformation
Finally,theVotinginformationalsoisveryimportantforshareholderbecausetheannualmeetingwillannounceandneedapprovenewitemsmanagingthebusiness.Mostofcompaniesneedshareholderapprovaltodothingslike:
issuemorestock,acceptabuyoutoffer,orexecuteanewcompensationplan(“WhatInformationIsFoundinanAnnualReporttoShareholders”,byTerenceChannon).Theannualreportwillprovidevotinginstructionsandrecommendationofcompany’sboardofdirectors.
4.Keyfeaturesanannualreportrequires
Useofannualreportshasshownexplosivegrowthinthelastfewyears.Companiesuseannualreportsasacommunicationtool(UnleashingthepoweroftheannualreportatDTCC,StuartZ.Goldstein,2005,p2).Forexample,financialreportingisallshareholdersandpotentialinvestors’focus.Therearethreemainobjectivesoffinancialreporting.Firstofall,offerfinancialdatatohelpbothinternalandexternaluserstomakedecisions.Besides,provideunderstandableandusableinformationtoshareholders.Thelastistoofferrelevantinformationofthecompany’seconomicresourcesandchangesinthoseresources(NavigatingtheWebofFinancialReporting,Seetharaman,2005,p5).Theycontainssucceedinhelpingcompaniestomakecommunicationwhichallusersvalidly.Inotherwords,theyarekeyfeaturesan
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annualreportrequireswhicharerelatedtothereportquestion.Inaddition,theannual
reportshouldcontainaboutthecompany’sfiveyearfinancialhistory(ShareholdersExpectPolicy,August2011).Therefore,accurateandtimelyinformationcanbetakeninfinancialreportingforcompanytocommunicatewellwithshareholders.
5.HowwellWoodsidecompanycommunicateswithshareholdersthroughannualreport
5.1Introductionofthecompany
WoodsideCompanyisthelargestoperatorofoilandgasproductioninAustralia.Inaddition,thiscompanyisalsoAustralia’slargestindependentdedicatedoilandgascompany.Productionandsalesofnaturalgas,isconduciveforpeoplewhomeetthedemandforcleanenergy(WoodsideCompany2011annualreport).Thecompanyhasstrivedforexcellenceinsafetyandenvironmentalperformance.
5.2Financialstatements
The2011annualreportofWoodsideCompanyprovidedfinancialstatementswhichshowthefinancialconditionofthecompany’sfiveyearfinancialhistory.Thefinancialstatementsincludetheincomestatement,balancesheetandcashflowstatement.Shareholderscouldusethisimportantinformationtohaveagoodunderstandingofthecompany'
soperations.
5.3Shareholdercommunication
WoodsideCompanyencouragesandsupportsshareholderparticipationingeneralmeetings.Shareholderstoparticipateinthemechanismwillbecometransparentinfouraspects:
havemeetingsontheinternet;
directvotingarrangementsandelectronicvoting;
addressoftheshareholdersisdisclosedtothemarketandpostedtothewebsite.Allthiscouldhelpshareholdersandpotentialinvestorscommunicatewellwiththecompany.
5.4Corporationprofits
TheannualreportofWoodsideCompanyalsomentionaseriesofs