HISCO Summary Annual ReportPrior to gaining access to the Summary Annual Report through theGrowing Your Business simulation, all previously assigned simulationwork must be completed. After all previously assigned simulation workhas been completed, the Summary Annual Report Template will be accessible through the Annual Report tab.The summary annual report is a scaled down version of a full annualreport. You will simply not have enough detail to complete the typicalnine sections. For example, you are not responsible for the Auditor’sReport. Naturally, you are encouraged to review real world annualreports which can be used as a strawman in preparation. Your recentlycompleted Annual Operating Review in Week 5 should be aligned with yourAnnual Report.Preparing your HISCO summary annual report will be one of the mostcomprehensive assignments you will have completed during your MBA. Youwill gain an appreciation for the complexity and responsibility thesenior executives continually face. Hopefully, you have experienced theholistic and competitive environment from the simulation. Your recentlycompleted Annual Operating Review will provide the basics.The information, qualitative and quantitative, in an annual reportshould provide current and prospective investors (as well as anystakeholder) a complete insight into the company’s historic performanceand its plans for growth and improvement over the next few years asdefined by its strategy. Publicly traded companies are required by lawto prepare and submit to many constituencies a variety of filings. Themost well-known is the Annual Report to Shareholders and related Form10-K. An annual report is technically an unofficial document. The Form10-K will typically provide the most comprehensive summary of thecompany’s history, financials, risks and opportunities, and currentoperations. The Form 10-K is submitted annually to the U.S. Securitiesand Exchange Commission (SEC). Technically, HISCO is a private company(you may have sold equity to the venture capitalist) and only if it hadpublically trades debt would be required to file a Form 10K.As a future leader of a public or private company, you will learn theintegrative nature of any business while you complete the HISCO summaryannual report. This document can become an important part of youre-portfolio in the program. Your owner, Stanley Sloane, looks forwardto reading your HISCO summary annual report. While details may varystate by state, even if your career leads to growing a small privatebusiness, you will need to file an annual report with The Secretary ofState in your jurisdiction, another benefit to learning from our finalactivity.The following identifies specifics instructions for preparation ofeach required section. The required sections to be completed will befound the word document from the model. Please remember to periodicallysave your work. An online search will reveal innumerable sites devotedto annual reports.The HISCO Summary Annual ReportMust be completed using the template provided through the Growing Your Business simulation.Follow the Summary Annual Report Template to format your work. Standard APA formatting will not apply to this assignment.Must include the following:Cover Page You can design your own cover page. Should be reflective of yourcorporate image and may include a picture and/or logo. At a minimum, itwill include the Name 2017 HISCO Summary Annual Report as well as yourname and date. The cover page can only be 1 page. CEO Letter The CEO Letter is designed to share the Strategy, FinancialHighlight Summary, and Business Overview of the past year. Evaluatequantitative and qualitative techniques for business analysis anddecision-making. It will typically also include the future growthoutlook for the business (detailed in the Sales, Marketing and Industrypages below). The CEO Letter can be a maximum of 2 pages. The ‘Stan Sloane Letter’HISCO’s owner, Stan Sloane, is very happy that he decided to hireyou to help turn the company around. He is interested in having you stayon with the company. However, he will need assurance from you that youare committed to continuing to grow HISCO. Explain to Stan how you planon running the company over the next two years. You should discuss themajority of the items you developed when you first came on with thecompany, including: whether you would make any changes to the SWOTanalysis, whether you would change the company strategy, negotiationsyou would make with company stakeholders, future technology suggestions,growth expectations in general for the industry and specifically forHISCO over the next two years, any concerns that occurred in the pastyear that you would address, and any other information you believe wouldbe relevant in order to reassure Stan that he has placed the company inthe right hands. You will add this letter at the end of the standardAnnual Report. This letter is not part of a traditional Annual Report. The “Stan Sloane Letter” can be 3 pages.Sales, Marketing, & Industry This section should detail all aspects of HISCO’s Value Chain, fromsupplier to manufacturing to the customer. Products, NPIs, Pricing, inan industry perspective of competition should be elaborated on. Utilizetools from marketing to manage the profitability of overall businessoperations. A review of your SWOT would probably help as well as yourrecently completed Annual Operating Review. An essential element is forcurrent and prospective investors to understand how HISCO makes moneyand will be able to create growth and deal with risks. The Sales, Marketing & Industry section can be a maximum of 4 pages.Financial Statements Financial statements are the heart and soul of the annual report.This is a quantitative section that provides current and prospectiveinvestors a look into HISCOs financial performance. The financialstatements consist of the Income Statement, Balance Sheet, and CashFlow. We suggest you show a minimum of 4 Qtrs. for each of the past twoyears for the Income Statement, Balance Sheet, and Cash Flow. Utilizetools from finance management to manage the profitability of overallbusiness operations. Consider expanding the lines within each statementin the model. You will need to provide details on the Credit Line. The Financial Statements section can be a maximum of 5 pages. Management Discussion and Analysis (MD&A) The Management Discussion and Analysis section provides the realdetail on year to year performance. In your case, this will be 2015 vs.2014. Topics will be both qualitative and quantitative in all aspects of2015 relative to 2014. MD&A will certainly include a completevariance analysis of performance and the successes and failures of yourdecisions for the year. It is the time you will delve into the detailsof your operating decisions. The MD&A section is typically devotedto the past (your future was described in prior sections). Reference tothe Financial Statements is crucial as well as your recently completedAnnual Operating Review. Graphics from your Business IntelligenceDashboard and your Variance walks on Income and Cash can provide visualinsight into your performance. The Management Discussion and Analysis (MD&A) can be a maximum of 5 pages. Notes, Appendices, and References Any supporting documents, comments, information, a glossary ofterminology, and/or clarifications you deem relevant to your annualreport to assist current and prospective investors. The Notes,Appendices, and References are required and can be a minimum of 1 pageand a maximum of 2 pages. References can be in a bulleted or numberedformat.
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