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ANNUAL REPORTS are attracting more attention today than ever before. This is not surprising when one considers the magnitude of the business expansion that has been taking place across the country, both in the number of new businesses and in the size of existing ones. Not only are there more shareholders or owners vitally concerned with the progress of the business concerns in which they have a financial stake, but there is an ever-increasing number of other persons whose livelihood is connected in one way or another with the success of particular companies. There is also the fast-expanding group of analysts, brokers and dealers who are continually reviewing and assessing the progress being made by business concerns in order to be sufficiently informed to advise on investments. Mounting Demand for Informative Reports All these interested persons are looking more and more to the annual reports of business concerns for results and trends of operations and for information on future plans. The requirements of these persons vary considerably as regards the extent of detailed information they would like to have included in annual reports. They are all anxious to be well informed, however, and are becoming increasingly vocal in expressing their views on the shortcomings of annual reports in such areas as financial presentation, uniformity in the application of accounting principles, and management reporting in general. If the particular requirements of the readers of annual reports are to be fully met, it seems obvious that a considerable amount of advance planning is necessary. It is the purpose of this article to review how the job of preparing a good annual report should be tackled and what material should be included. It has already been said John B. Wight of our Montreal office was admitted to partnership in the firm in 1957. He graduated from McGill University in 1947 with a Bachelor of Commerce degree, and in 1950 was admitted to the Institute of Chartered Accountants of Quebec. He joined P. S. Ross and Sons in 1953. In addition to his writing, Mr. Wight is active in many community activities, including work with University Graduates as well as with churches and charitable organizations. 28 THE QUARTERLY
Object Description
Title |
Preparing a good annual report |
Author |
Wright, John B. |
Subject |
Corporation Reports |
Personal Name |
Wright, John B. |
Portrait |
Wright, John B. |
Office/Department |
Touche, Ross, Bailey & Smart. Montreal (Canada) Office |
Citation |
Quarterly, Vol. 10, no. 1 (1964, March), p. 28-33 |
Date-Issued | 1964 |
Source | Originally published by: Touche, Ross, Bailey & Smart |
Rights | Copyright and permission to republish held by: Deloitte |
Type | Text |
Format | PDF image with OCR under text, scanned at 400dpi |
Collection | Deloitte Digital Collection |
Digital Publisher | University of Mississippi. Digital Accounting Collection |
Date-Digitally Created | 2009 |
Language | eng |
Identifier | Quarterly_1964_March-p28-33 |