The use of operating and financial reviews amongst the FTSE 100

Zheng, Rubee (2007) The use of operating and financial reviews amongst the FTSE 100. BA dissertation, University of Portsmouth.

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    Operating and Financial Reviews (OFRs) are opportunities to discuss the operating and financial performance, the financial outlook and the financial resources of the group (GlaxoSmithKline, 2005, p 55). This dissertation will investigate companies from the FTSE 100 who included an Operating and Financial Review in their annual reports, to ascertain who are the best performers and to what extent they have adopted the 2006 OFR. It uses Weetman's 1995 survey as a guideline and attempts to bridge apparent gaps which have not been addressed previously, such as reasons for the abolition of the mandatory OFR. It uses qualitative data to find the principle changes between the 1993 and the 2003 OFR and those in 2005 and 2006. It uses quantitative data to provide an analysis of the contents of the selected sample. From the results this study will ascertain how well and how widely used is the OFR among the FTSE 100. The language used in the 'financial world' can exclude those who are unfamiliar with it. Therefore this study endeavours to cut through any jargon to make meaning crystal clear for any lay reader. The OFR primarily addresses transparency and accountability (ICAEW, 2004). The Use of Operating and Financial Reviews amongst the FTSE - 100

    Item Type: Dissertation
    Departments/Research Groups: Portsmouth Business School > Accounting and Financial Management
    Depositing User: Jane Polwin
    Date Deposited: 20 Jan 2011 12:48
    Last Modified: 28 Jan 2015 11:14

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