Corporate Financial Reporting

This presentation is about corporate financial reporting and it covers the following topics under it :
- Meaning
- Objectives
- Purpose
- Advantages
- Meaning of Annual Report
- Content of Annual Report

1. COPORATE FINANCIAL REPORTING PRESENTED BY: NEHA SHARMA (49 ) 1

2. Topics to be Covered Meaning of Corporate Financial Reporting Objectives Purpose Advantages Meaning of Annual Report Contents of Annual Report 2

3. Corporate Financial Reporting Financial Reporting involves the disclosure of financial information to the various stakeholders about the financial performance and financial position of the organization over a specified period of time. These stakeholders include – investors, creditors, public, debt providers, governments & government agencies. In case of listed companies the frequency of financial reporting is quarterly & annual . It is primarily an accounting function. 3

4. Objectives of Corporate Financial Reporting According to  International Accounting Standard Board (IASB) , the  objective  of  corporate financial reporting  is “to  provide information about the financial position, performance and changes in financial position of an enterprise that is useful to a wide range of users in making economic decisions . ” 4

5. The objectives of corporate financial reporting is as follows ; to provide information to management of an organization investors , promoters, debt provider and creditors to shareholders & public the statutory auditors various stakeholders Providing information about the economic resources of an organization Providing information as to how an organization is procuring & using various resources. Enhancing social welfare. 5

6. Purpose of Corporate Financial Reporting 6

7. Financial Reporting Involves 7

8. Advantage of Corporate Financial Reporting 8

9. Annual Report Annual report is a comprehensive report on a company's activities throughout the preceding year. Most jurisdictions require companies to prepare and disclose annual reports, and many require the annual report to be filed at the company's registry. Companies listed on a stock exchange are also required to report at more frequent intervals (depending upon the rules of the stock exchange involved .) 9

10. Contents of A nnual R eport Director’s report Profit and loss account Balance sheet Cash flow statement Auditor's report Chairman’s Speech Corporate Governance Accounting Policies Minutes from annual general meeting Consolidated accounts Board of Directors 10

11. Bibliography https:// www.edupristine.com/blog/financial-reporting https:// en.wikipedia.org/wiki/Financial_reporting http:// www.icaiknowledgegateway.org/littledms/folder1/chapter-3-corporate-financial-reporting.pdf https://searcherp.techtarget.com/definition/financial-reporting 11

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