After the recording, the business transactions over a given period of time known as a trading period, the requirement of all firms depicts that an annual report must be disclosed to the interested parties. Mainly performed by the chief financial officers of the company, the annual report a comprehensive report declaration on the firm’s activities throughout the previous year. The report is mainly needed by the shareholders in the organization and other parties with interest to evaluate the financial performance of the business. The firms which are registered under the stock exchange market are required to perform the annual report regularly in order to keep the shareholders updated about their share market. The government also requires companies to disclose their annual reports to necessitate the calculation of the amount of tax which should be levied on the organization. Based on the proceeding data, analysis of how the items are decreasing or increasing in the business is taken. The trend analysis is a method by which company owners use to predict what might happen to different items in the future affecting the financial performance of the business. After analyzing the trend in the data recorded, the shareholders are able to make both short and long-term predictions about the progress of the business. In order for an organization to perform a proper trend analysis, it must examine carefully the past data and the performance that led to the data, it should keep into consideration the current financial conditions, then use the patterns in data recorded to predict the future financial health of the firm, Accounting information system is basically the use of computers to track every accounting records of a business entity. The information tracked is majorly used in decision making by the management of the organization. In order to propagate the effective management of any company, the information contained in the accounting books must be keenly observed to enhance success in the business. Given that the management is always answerable to various parties like the shareholders and the government, the accounting information offers management with the required facts used in concluding the business affairs and reporting to the vendors of the organization.
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