HISCO Summary Annual Report

Assignment Description

Before gaining access to the HISCO Summary Annual Report. Download Summary Annual Report Template. TOTAL OF 18 PAGES MINIMUM

The summary annual report is a scaled-down version of a full annual 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 should be aligned with your Annual Report.

Preparing your HISCO summary annual report will be one of the most comprehensive assignments you have completed. 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 to many constituencies a variety of filings. The most well-known is the Annual Report to Shareholders and related Form 10-K. An annual report is technically an unofficial document. The Form 10-K will summarize the company’s history, financials, risks and opportunities, and current operations. The Form 10-K 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 Form 10K.

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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 essential 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. This is another benefit to learning from our last activity.

The following identifies specific instructions for the preparation of each required section. The required sections to be completed will be found in the Word document from the model. Please remember to save your work periodically. An online search will reveal numerous sites devoted to annual reports.

The HISCO Summary Annual Report

Must be completed using the template Summary Annual Report Template, a guide to formatting your work. Standard APA formatting will not apply to this assignment.
Must include the following:
- Cover Page
  - You can design your cover page. It should reflect your corporate image and may include a picture and/or logo. At a minimum, it will include the name, [the year 2024] HISCO Summary Annual Report, your name, and your date. The cover page can only be 1 page.
- CEO Letter
  - The CEO Letter is designed to share the past year’s Strategy, Financial Highlight Summary, and Business Overview. 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 can be a maximum of 3 pages.
- The “Stan Sloane Letter”
  - HISCO’s owner, Stan Sloane, is happy he hired you to help turn the company around. He is interested in having you stay with the company. However, he will need your 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 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” can be 3-4 pages.

- Sales, Marketing, & Industry
  - This section should detail all aspects of HISCO’s Value Chain, from supplier to manufacturing to the customer. Products, NPIs, and Pricing, from 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, as well as your recently completed Annual Operating Review. 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 can be a maximum of 5 pages.
- Financial Statements
  - Financial statements are the heart and soul of the annual report. This quantitative section provides current and prospective investors with a look into HISCO’s financial performance. The financial statements include the Income, 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 can be a maximum of 6 pages.
- Management Discussion and Analysis (MD&A)
  - The Management Discussion and Analysis section provides real detail on year-to-year performance. In your case, this will be the simulation year vs. the prior simulation year. Topics will be qualitative and quantitative in all aspects of the simulation year relative to the prior year. MD&A will undoubtedly include a complete variance analysis of performance and the successes and failures of your decisions for the year. It is the time you will delve into the details of your operating decisions. The MD&A 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 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 (MD&A) can be a maximum of 6 pages.
- Notes, Appendices, and References
  - Any 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 are required and can be at least 1 page and a maximum of 2 pages. References can be in a bulleted or numbered format.