Notes on Pension Costs in Annual Reports

At best, pension expenses are only estimates. They are the management’s best guess as to what the cost will be in the future. There are three areas covered in the notes of an annual report- pensions, post-retirement benefits, and pension …

Annual Report Notes on Commitments

Investors pay attention to the financial statements in a corporation’s annual report. In addition, they closely review the disclosures in the note section as well. The detailed information recorded reveals the underpinnings of a corporation’s financial state as well as …

The Content of Note One in an Annual Report

The financial statements in an annual report are comprised by the accountant and make up the bulk of its content. Although the calculations and data divulge much about a company’s current financial health, the note section is even more revealing. …

Finding Annual Reports on the Internet

Shareholders and potential investors or money lenders will utilize annual reports to help them evaluate the soundness of their investment. Thankfully, with access to the Internet, various company’s annual reports can be easily found online. However, if preferred, annual reports …

Financial Statements and Notes in an Annual Report

After the glossy and polished pages of the front sections of the annual report have been perused, the meat of the annual report is really comprised of its financial statements. Although the letter from the company’s president is informative, it …

The Fundamentals of an Annual Report

An annual report functions to satisfy the informational needs of a variety of entities. Stockholders, economists, financial analysts, suppliers, customers, creditors, even potential stockholders and potential creditors use the published annual report for their particular purposes. Central to every annual …

Equity Controls

Internal controls are essential for protecting a company’s resources and for protecting it from fraud. Certain systems are established at the operational and management level to ensure the company’s resources are directed in ways intended by the board of directors …

Asset Controls

A business must set up a variety of internal controls to minimize error and protect itself from fraud or theft. One form of internal controls is through establishing controls for the transaction process in the operations of a business. Another …

Transaction Controls

Every business has internal controls systems in place throughout the entire business operation. However, in the accounting department, there are specific internal controls established to protect the business from errors, theft and fraud. This form of checks and balances primarily …

Budget Variances

A company goes to great lengths to set a budget, projecting potential income and expenses for the following year. However, a budget is only a plan. There are differences between the budgeted figures and the actual results. In accounting, these …