Whether the business observes generally accepted accounting principles or international financial reporting standards, an annual report should summarize the profits, assets, liabilities, equity position and cash flows of a business. Introduction Section An annual report begins with an introduction section providing brief descriptions of the business activities for the year.
In the exam Business report structure Business reports typically adopt the sections listed below.
Your assignment question may specify the appropriate sections to use. Show all Hide all Executive Summary this is only sometimes included Executive summaries are sometimes placed at the start of reports. A useful summary condenses the essence of the report so that the reader can quickly grasp the report's aims, objectives and main findings with key recommendations if the report is an action plan.
The forecast cashflow budget for the existing and expanded orchard businesses were based on current levels of production and Ministry for Primary Industries MPI Policy forecasted prices May for various apple varieties and grades.
These would be produced between March and May. It is recommended that arrangements to purchase the property proceed forthwith. Introduction This is the first section of the report and is easiest to write after you have written the other report sections, as then you know what your outcomes will be, which you can briefly summarise in the introduction.
The purpose of the introduction is to State the purpose or aim of the report, which may include who has commissioned it, if relevant. Provide background details relevant to the situation, such as a brief overview of historical developments, as well as definitions of any terms that are unlikely to be recognised by the audience.
Summarise the problems and recommended solutions. In general, one page is more than adequate to address the issues typically required in an introduction.
Discussion This section is traditionally allocated the most marks, so it is well worth your investment in time to do it thoroughly. The discussion section is generally the only section where you are able to support your analysis and reasoning with theoretical ideas, concepts, and models available within the course.
Secondly, it is the only place where you can actually provide evidence to back up your conclusions and recommendations. Therefore, ensure that you draw on evidence from the literature, course materials, as well as your own observations from the actual case or organisation, where applicable.
A key task of the discussion is for you to be able to identify the problem s and then consider a range of possible solutions. Consequently, it may be useful in preparing this section to identify your conclusions and recommendations first, before proceeding to support these outcomes in the discussion.
Once you have planned the points you need to cover in your discussion, it is very appropriate to look at creating different sub-sections within the discussion that encompass and frame each of the issues, with meaningful headings for each sub-section.
When writing each sub-section within the discussion, the following structure may be useful for demonstrating the process you used to carry out your analysis and evaluation.
Identify the problem Example: The problem involves a lack of coordination at top-level management. Identify the causes Example: This is caused by a lack of organisational skills and a lack of assistance from support people.
Identify the symptoms Example: As a result, the department is constantly in a state of flux, with no knowledge of where it should be heading. Identify possible solutions This can be achieved by explaining advantages and disadvantages of a few options, which may involve describing short-term and long-term benefits.
Conclusions This is arranged as a numbered, bulleted-list. Arrange each point in order of importance, rather than necessarily in the order found in your discussion. Match each point in sequence with the list of recommendations.The three parts that a business report is usually split into are the prefatory part, the report body and the supplemental parts.
The Prefatory part consists of the cover, the title page, approval. Description of the content of each of these sections follows. Additional remarks on report preparation and writing style are given at the end.
The ABSTRACT is not a part of the body of the report itself. Rather, the abstract is a brief summary of the report contents that is often separately. An annual report is intended to provide a snapshot of a business' performance with investors, potential investors and other stakeholders.
It should provide enough information so that a potential investor understands the nature and scope of the business, its recent developments and . In business, the information provided in reports needs to be easy to find, and written in such a way that the client can understand it.
This is one reason why reports are divided into sections clearly labelled with headings and sub-headings.
If the report is organized inductively, these sections are presented only at the end and are covered in detail. The direct (deductive) approach results in a more forceful report, saves the reader’s time, and makes the report easy to follow by giving the main idea first.
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