Corporate Annual Reports Essay Example | Topics and Well Written Essays - 1500 words

Corporate Annual Reports - Essay Example Some landmark events such as acquisitions or additional issue of stocks also find a place in these reports. The stock market crash of 1929 resulted in stringent standards applied to the preparation of Annual Reports. Hence the report has to be audited by a qualified accounting professional. The auditors role is to check for any intentional or accidental errors in the companys accounts and give his/her stamp of approval if they are found truthful. In some countries it is mandatory for all publicly held companies to distribute their annual report to all shareholders. In addition to the annual report, shareholders can find more information about the corporation in their "10k" and "10Q" reports. 10K report is a detailed document on the corporations services, products, market share, competition, industry, its customer base, etc. On the other hand the 10Q report gives an elaborate analysis of the companys quarterly earnings. These documents are made easily accessible through the Security and Exchange Commissions website. There are three important financial components to annual reports. They are the Income Statement, Balance Sheet and the Cash Flow Statement. Apart from these major financial components, other information of interest is also included. For example, the Chairmans Address to the Shareholders, Highlighting of major achievements over the year, Managements assessment of the year, an auditors note and a summary of all financial information. Having said this, there is no universally accepted format for annual reports. This gives opportunity for corporations to show an impressive set of numbers, the reality of which can be deciphered only by reading the fine print. For example, some companies see annual reports as a marketing tool that projects the company in a kinder light. So much so that many corporations allocate huge quantities of money in adding frills to their annual reports, making the information look more

Design Process - Satellite hinge Research Paper Example | Topics and Well Written Essays - 750 words

Design Process - Satellite hinge - Research Paper Example Its thickness and positioning are adjusted so as to tune the final design in terms of motorization torque, stability, stiffness. Therefore, the selected hinges have to meet certain constraints for the satellite to work since the movement of panels has to be controlled without any damage and should be brought to rest and locked when fully deployed. These constraints are also very important since if they fail, then the whole satellite becomes unusable. (Givois, 2001) The hinges must have a maximum panel acceleration and deceleration of 200 deg/sec/sec and a maximum angular velocity of 400 deg/sec. Individual panels should not exceed a weight of 200 grams while the cost of each hinge should be approximately  £400. Figure 1 below shows the relationship between angle versus time, velocity versus time, acceleration versus time and torque versus time for both hinges. (Donzier, 1997) This comprise of two components i.e. a powered drive hinge and a multiple degree-of-freedom floating hinge. Powered deployment is a result of High Output Paraffin (HOP) linear motor that is acting through a redundant metal band. Deployment is initiated by provision of power to the actuator. One the panel is deployed in position, a bar latch gets into position hence locking the panel in a fully deployed position. (Starsys, p.51) It comprises of two hinges i.e. a spring powered drive and a multiple degree-of-freedom floating hinge. This provides exceptional stiffness for vibration loads without need of for a high tolerance alignment. Deployment energy is provided by a double coil torsion spring on the drive hinge. (Starsys, p.53) The hinge mechanism consist of a passive and powered constant torque hinge. The powered hinge is deigned to take axial and radial loads while the passive hinge has axial play to allow panel thermal displacements. This system provides a near constant torque for any deployment up to an angle of 180o. Each hinge consists of an axle,