The Art of Reading an Annual Report

The curriculum is planned to give easy however influential systematic tools to participants that assist in drawing functional qualitative in addition to quantitative inferences from an annual report.PROGRAMME CONTENT Elements of subjectivity · Inferences on management quality· Management Discussion & Analysis – Different strokes· Director’s reports – structure and key observations· Understanding the nature of key accounting policies· Auditors’ report· How to gauge management quality? The key pointers.Guiding structure· The laws that regulate Annual report structure· Process of consolidation – some fundamentals· Understanding the corporate structure· Why are corporate structures important?Financial evaluations· Capital Employed· Capital intensity· Margin profiles· Volume profiles· Industry leverage· RoCE and RoE decompositionCase Study· Evaluation of an annual report. A Classroom exercise.