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HISCO Summary Annual Report
[WLOs: 1, 2, 3] [CLOs: 1, 3, 4]
All previously assigned simulation work must be completed before accessing the Summary Annual Report through the Growing Your Business simulation. After this is done, the Summary Annual Report Template will be accessible through the Annual Report tab. Also, review the video Simulation.Video.Part.3Links to an external site..
The summary annual report is a scaled-down version of a full annual report. You will simply not have enough detail to complete the typical nine sections. For example, you are not responsible for the Auditor’s Report. Naturally, you are encouraged to review real-world annual reports, which can be used as a strawman in preparation. Your recently completed Annual Operating Review (AOR) assignment in Week 5 should align with your Annual Report but not repeat what you provided in Week 5.
Preparing your HISCO summary annual report will be one of the most comprehensive assignments you will have completed during your MBA. You will gain an appreciation for the complexity and responsibility the senior executives continually face. Hopefully, you have experienced the holistic and competitive environment from the simulation. Your recently completed Annual Operating Review will provide the basics.
The information, qualitative and quantitative, in an annual report, should provide current and prospective investors (as well as any stakeholder) a complete insight into the company’s historical performance and its plans for growth and improvement over the next few years as defined by its strategy. Publicly traded companies are required by law to prepare and submit a variety of filings to many constituencies. The most well-known are the Annual Report to Shareholders and the related 10-K form. The 10-K form will typically summarize the company’s history, financials, risks and opportunities, and current operations. The 10-K form is submitted annually to the U.S. Securities and Exchange Commission (SEC). Technically, HISCO is a private company (you may have sold equity to the venture capitalist) and only if it had publicly traded debt would you be required to file a 10K form.
As a future leader of a public or private company, you will learn the integrative nature of any business while you complete the HISCO summary annual report. This document can become an important part of your e-portfolio in the program. Your owner, Stanley Sloane, looks forward to reading your HISCO summary annual report. While details may vary state by state, even if your career leads to growing a small private business, you must file an annual report with The Secretary of State in your jurisdiction, another benefit to learning from our final activity.
The following identifies specific instructions for preparing each required section. The required sections to be completed are found in the Word document from the model. Please remember to periodically save your work. An online search will reveal innumerable sites devoted to annual reports.
The HISCO Summary Annual Report final paper
must be completed using the template in the Growing Your Business simulation.For technical help with the simulation, please email HelpDesk@tri-sim.com.
Follow the Summary Annual Report Template to format your work. Standard APA formatting will not apply to this assignment.
must include the following:Cover PageYou can design your own cover page. It should reflect your corporate image and may include a picture and/ or logo. At a minimum, it will include the Name 2021 HISCO Summary Annual Report and your name and date. The cover page can only be 1 page.
CEO LetterThe CEO Letter is designed to share the Strategy, Financial Highlight Summary, and Business Overview of the past year. Evaluate quantitative and qualitative techniques for business analysis and decision-making. It will typically also include the future growth outlook for the business (detailed in the Sales, Marketing, and Industry pages below). The CEO Letter should be between 2–3 pages.
The “Stan Sloane Letter”HISCO’s owner, Stan Sloane, is very happy that he decided to hire you to help turn the company around. He is interested in having you stay on with the company. However, he will need assurance that you are committed to continuing to grow HISCO. Explain to Stan how you plan on running the company over the next two years. You should discuss the majority of the items you developed when you first came on with the company, including: whether you would make any changes to the SWOT analysis, whether you would change the company strategy, negotiations you would make with company stakeholders, future technology suggestions, growth expectations in general for the industry and specifically for HISCO over the next two years, any concerns that occurred in the past year that you would address, and any other information you believe would be relevant in order to reassure Stan that he has placed the company in the right hands. You will add this letter at the end of the standard Annual Report. This letter is not part of a traditional Annual Report. The “Stan Sloane Letter” should be between 3–4 pages.
Sales, Marketing, and IndustryThis section should detail all aspects of HISCO’s Value Chain, from supplier to manufacturing to the customer. Products, NPIs, and pricing in an industry perspective of competition should be elaborated on. Utilize tools from marketing to managing the profitability of overall business operations. A review of your SWOT would probably help. Your recently completed Annual Operating Review (AOR) assignment. An essential element is for current and prospective investors to understand how HISCO makes money and will be able to create growth and deal with risks. The Sales, Marketing & Industry section should be between 4–5 pages.
Financial StatementsFinancial statements are the heart and soul of the annual report. This is a quantitative section that provides current and prospective investors a look into HISCOs financial performance. The financial statements consist of the Income Statement, Balance Sheet, and Cash Flow. We suggest you show a minimum of 4 Qtrs. for each of the past two years for the Income Statement, Balance Sheet, and Cash Flow. Utilize tools from finance management to manage the profitability of overall business operations. Consider expanding the lines within each statement in the model. You will need to provide details on the Credit Line. The Financial Statements section should be approximately 6 pages.
Management Discussion and Analysis (MDA)The Management Discussion and Analysis section provides the real detail on year-to-year performance. In your case, this will be the current year versus the prior year. Topics will be both qualitative and quantitative in all aspects of the current year relative to the prior year. The MDA will certainly include a complete variance analysis of performance and the successes and failures of your decisions for the year. It is time you delved into the details of your operating decisions. The MDA section is typically devoted to the past (your future was described in prior sections). Reference to the Financial Statements and your recently completed Annual Operating Review (AOR) assignment is crucial. Graphics from your Business Intelligence Dashboard and your Variance walks on Income and Cash can provide visual insight into your performance. The Management Discussion and Analysis (MDA) should be approximately 6 pages.
Notes, Appendices, and ReferencesAny supporting documents, comments, information, a glossary of terminology, and/ or clarifications you deem relevant to your annual report to assist current and prospective investors. The Notes, Appendices, and References can be a maximum of 2 pages.
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