Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


New guide helps investors see behind the numbers

6 August 2014

New guide helps investors see behind the numbers

Global accounting body CPA Australia has launched a free, plain-English guide to help Kiwi investors better understand annual reports and make more informed investment decisions.

CPA Australia’s A guide to understanding annual reports: New Zealand listed companies, produced in partnership with national accounting firm Staples Rodway, provides an explanatory overview of annual reports, financial statements, analytical tools as well as a glossary of financial terminology.

“It’s all about helping investors make more informed investment decisions,” says CPA Australia’s Country Manager for New Zealand, David Jenkins. “This is particularly relevant during company reporting season when investors are reviewing their investments and making decisions based on their ability to read what’s behind the numbers.

Mr Jenkins said the guide would help to unlock the immense amount of powerful information in a listed company's annual report.

“To the uninitiated or those not regularly dealing with financial data and reports, annual reports can be quite daunting.

“However, with the right guidance and a little bit of knowledge they can be quick and easy to demystify and reveal a heap of information not readily interpreted at first glance.

“This guide will provide existing or prospective investors with a whole new perspective on the performance of a company over the reporting period.”

Mr Jenkins said the guide would also equip shareholders with the knowledge necessary to ask pertinent questions of the company both during a company’s annual general meeting and throughout the year.

“Annual general meetings provide a great way for investors to really quiz boards and executive teams on company performance and the rationale for decisions throughout the year.

“This guide will help less experienced investors in particular to build the financial literacy skills they need to become more active and engaged shareholders.”

Copies of the new guide are available for free from CPA Australia’s website

Other free guides available from CPA Australia include A guide to understanding auditing and assurance: NZ-issuer companies (for investors); and the Guide to achieving financial success (for small-medium businesses).

About CPA Australia
CPA Australia is one of the world's largest accounting bodies, representing more than 150,000 finance, accounting and business professionals in 121 countries. With a proud 128-year history, CPA supports its members with education, training and technical support, and has a particular emphasis on providing rewarding career pathways for top accounting graduates. CPAs are recognised as strategic business leaders and New Zealand members include senior finance professionals from some of the country’s largest public and private sector organisations. CPA Australia advocates not onlyon behalf of its members, but also on behalf of public interest. For more information please visit www.cpaaustralia.co.nz.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Immigration: Increase In Seasonal Workers For RSE

The current cap will be increased by 1,000 from 9,500 to 10,500 RSE workers for the 2016-17 season. Mr Woodhouse says the horticulture and viticulture industry is New Zealand’s fourth largest export industry, producing almost $5 billion in exports. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news