Most Annual Reports Contain the Following List of Basic Elements

question 1

Essay

Most annual reports contain the following list of basic elements.For each element,identify the person(s)who prepared the element and describe the information a user would expect to find in each element.Some information is verifiable while other information is subjectively chosen by management.Indicate whether the information in each element is verifiable.
$$\begin{array} { | l | c | c | c | } \hline \text { Elements } & \begin{array} { c } \text { Prepared } \\\text { By }\end{array} & \begin{array} { c } \text { Information } \\\text { Pravided }\end{array} & \begin{array} { c } \text { Verifiablel } \\\text { Yes ar No? }\end{array} \\\hline \begin{array} { l } \text { Management's Discussion } \\\text { and Analysis }\end{array} & & & \\\hline \text { Financial statements } & & & \\\hline \text { Notes to financial statements } & & & \\\hline \begin{array} { l } \text { Repart of the Independent } \\\text { Auditor }\end{array} & & & \\\hline\end{array}$$

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Definitions:

Managing Change

The process of overseeing and guiding adjustments or transformations within an organization to achieve desired results while minimizing disruption.

Competencies

A set of defined skills, knowledge, abilities, and attributes that contribute to an individual’s performance and success in a specific role or task.

Organizational Diagnosis

A process that involves assessing an organization's current level of functioning to identify strengths and weaknesses and recommend improvements.

Harry Levinson's Approach

A psychological perspective focusing on the complex relationship between organizational structures, management practices, and employee psychological needs.