SIMPLIFIED STRUCTURE OF AN ANNUAL REPORT

1. An annual report is necessary if your company is a corporation with shareholders or limited liability company with members. Even if you have a sole proprietorship writing an annual report can be a beneficial exercise. If you apply for a loan or hire professional services, you may be asked for a copy of your annual report. A simple document of a few pages in length is adequate.

2. The first section of your annual report gives the CEO or chairman of the board a chance to talk about how events of the year affected the company, both positively and negatively, and what the company plans for the coming year. This section can be as simple as a bullet-point list briefly describing new contracts and their expected value to the company, problems faced and solved, changes in overall strategy and changes in key management positions.

3. A brief discussion of goals for the next year and for the long term goes in the next section. Don't reveal your company's secret strategies. Instead, talk about how you want to build on the success of last year. If last year wasn't so successful, talk about what you learned and how that will be applied to the coming year. If you have investors, board members or other stakeholders in your enterprise, they will be most interested in this section.

4. The current management section is where you list members of the board, top executives, major stockholders and key employees and their ownership interests in the company. Indicate if there are any changes that took place during the year and any that are expected in the coming year.This section can be a simple table containing the necessary details and little else.

If your company is large and has a lot of investors, you should present audited year-end financials. However, because an audit is an expensive and time-consuming process, if your financials are reasonably straightforward, without numerous subsidiaries, branches or retail stores, a formal audit isn't necessary unless there is significant shareholder demand for one. However, your financial report should be complete and contain at least a sales report, income statement, cash flow statement and balance sheet. A discussion of each report, particularly the sales report and the income statement, aids readers in understanding how the important points you made earlier in the discussions of the past year's performance and your future goals affect the financials of the company.

Вправа № 7

Дайте відповідь на запитання до тексту:

1. Comment on the benefits an accountant gets from the speed of operations using computerized systems.

2. How have computerized systems increased accuracy of calculations?

3. Is it cheaper to use computerized systems as compared to a manual accounting?

4. Comment on the problem of hiring qualified personnel working with accounting software.

5. Can computerized systems be considered as a solution to the problem of losing data?

Варіант 2

Вправа №1

Вставте артиклі a, an, або the, де необхідно. Перекладіть речення.

1. The Prime Minister visited … prison yesterday and talked to the prisoners.

2. … Eiffel Tower and … Louvre are my favourite sights in Paris.

3. We went to a wildlife park last week. It was … most interesting experience.

4.  Did you stay in … hotel when you went to London?

5. Someone whose job is to keep and check financial accounts, calculate taxes, etc. is … accountant.

Вправа №2

              Виберіть правильну форму присвійного відмінка іменника.                    Перекладіть речення.

1. I look after John and Kate/Kate’s children.

2. The ticket inspector looked at the peoples’/people’s tickets.

3. That woman in the park is a friend of mine/me.

4. There was a big crowd at yesterday’s/yesterdays’ football match.

5. What is your wives/wife’s name?

Вправа № 3

Вставте необхідне модальне дієслово. Речення перекладіть.

1.  I … like to buy the same television for my house.

       A could B must C would

2. You … take your passport when you go on an airplane.

        A may B are allowed to C have to

3. This price is wrong. It … be $3.50, not $4.00. 

    A must B could C would.

4. Lisa … get bored in her job. Her job is so boring. 

         A must B would C can’t

5. … I have a quick word with you? Something important has happened.

      A Could C Would D Should

Вправа № 4.

Розкрийте дужки , вживаючи необхідну форму дієслова в пасивному стані. Речення перекладіть.

1. All (paint) the halls at the moment.

2. This building (not reconstruct) since the 1930's.

3. What were we doing at 11 o'clock? We (interview) .

4. These cars (make) in Japan. 

5. The main trading operations (perform) in London, but the Stock Exchange also has centers in Birmingham, Liverpool, Belfast, Leeds, Manchester, Newcastle, Glasgow and Dublin.

Вправа №5

Розкрийте дужки і поставте дієслово в дужках у потрібному часі групи Perfect. Перекладіть речення.

1. I hope you are enjoying yourself at university. I’m sure you (to pass) all your exams already.

2. Hannah felt sick. She (to eat) all the chocolates in the house.

3. In three month’s time Ted (to build) his new house.

4. She (not to complete) the report till five o’clock yesterday.

5. The police (to arrest) Ian Smith finally.

Вправа № 6

Перепишіть та перекладіть письмово 1-3 абзаци тексту.

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