Manage Budgets and Financial Plans
Manage Budgets and Financial Plans ntroduction In this project, I will analyze the financial reports of commonwealth bank Australia.
1. To whom is this report disseminated and how this will be done?
This report will be disseminated to;
* Management * Shareholders * Investors * Creditors * Board of directors * Employees * Government This will be done in any of the following ways; * Through E-mail * Through post * Through newsletters * Through publishing on website
2. Why do these people need information contained in annual report?
There are various reasons that this report to be presented to above mentioned people; 1. Management: It is the management of any organization which is responsible for planning strategies, developing operational plans and plan for future business, so management should know the performance of organization. 2. Shareholders: As shareholdrs are the only source of funding for any business so annual reports must be presented to them.So they know their business and keep investing confidently. 3. Investors: Annual reports help investors to decide whether it is safe to invest in any business or not. 4. Creditors: The creditors need to know annual reports as to decide providing funds for smooth operations of business. 5. Board of Directors: Because the board of directors of any organization make all important relevant decisions for the future of organization. 6. Employees: Annual reports keep employees motivated when they know that their efforts for organization are fruitful. 7. Government: Government needs to know whether tax is being paid or not and also if legal procedures set by government are followed or not.
1. To whom is this report disseminated and how this will be done?
This report will be disseminated to;
* Management * Shareholders * Investors * Creditors * Board of directors * Employees * Government This will be done in any of the following ways; * Through E-mail * Through post * Through newsletters * Through publishing on website
2. Why do these people need information contained in annual report?
There are various reasons that this report to be presented to above mentioned people; 1. Management: It is the management of any organization which is responsible for planning strategies, developing operational plans and plan for future business, so management should know the performance of organization. 2. Shareholders: As shareholdrs are the only source of funding for any business so annual reports must be presented to them.So they know their business and keep investing confidently. 3. Investors: Annual reports help investors to decide whether it is safe to invest in any business or not. 4. Creditors: The creditors need to know annual reports as to decide providing funds for smooth operations of business. 5. Board of Directors: Because the board of directors of any organization make all important relevant decisions for the future of organization. 6. Employees: Annual reports keep employees motivated when they know that their efforts for organization are fruitful. 7. Government: Government needs to know whether tax is being paid or not and also if legal procedures set by government are followed or not.