Case 1-19 - Case 1-19 1. (a)The basic factors of...

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Case 1-19 1. (a)The basic factors of communication when writing an annual report should include: honesty, accuracy, methodical, enlightening, relevant, reliable, timely, comparable, consistent, verifiable and written in a manner that most readers can make use of or decipher the meaning of its content. The annual report cannot be authored in exceedingly technical way as to confuse or dis-clude any group of users. (b) Communication problems can occur when there is a diversity of audience. In the case of annual reports there are many classes of interested parties, i.e. shareholders, employees, equity investors, financial lenders, regulators, etc. Each group may have a different interest in reading the material presented and may have different interpretations of the information specific to their involvement. The authors of annual reports must attempt to provide meaningful information with the basic characteristics included in (a) above while not drowning readers in overly sophisticated technical jargon or underwhelming with overly
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This note was uploaded on 09/29/2011 for the course ACC 303 taught by Professor Jacquass during the Spring '11 term at University of Phoenix.

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Case 1-19 - Case 1-19 1. (a)The basic factors of...

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