Undertake your own research to obtain an organisation's annual report. You can use one from an organisation with which you are familiar or one which is freely available on the internet or from ASIC (Australian Securities and Investments Commission). Alternately, your trainer/ assessor might provide you with one.

1. To whom is this report disseminated and how does this take place?
2. Why might these recipients need or want the information contained in the annual report?
3. What information is contained in the report? Describe the contents and explain what it disclosed about the organisation's financial activities during the year.
4. Is there any evidence that those within the organisation used consolidation or conversion procedures to analyse the financial data which was available?
5. Has the organisation disclosed any asset or liability valuations? If so, what do they indicate?
6. Is there any indication of any discrepancies, unusual features of queries about the financial data? Describe.
7. Does it appear that the organisation claimed all available benefits and allowances? Explain.
8. Did the organisation record details of its income and expenditure? Is evidence provided? Provide details.
9. Examine the financial summaries for information about the financial status of the organisation. Did the organisation show a profit?
10. What sorts of recommendations are made and what suggestions are made regarding business activities for the upcoming year? Are they constructive?
11. Is the report and any recommendation clear and logical?
12. Has the organisation complied with its statutory requirements? Explain.

If possible locate a copy of the annual report from the previous year.

1. Compare the two reports and comment on whether or not the projections from the first report were accurate.
2. Were the recommended changes/ improvements made? How did they impact on the next year's report (if at all)?