Read ALL of the sections of this article, including: • What is an annual report to shareholders? • What are the purposes and objectives for the Annual Report to Shareholders? • How should the annual report be read? For what, precisely, should the reader search? • Why does the annual report include an Opening Letter from the Chairman or CEO to shareholders? • What is the annual report Operating Review? • Why does the annual report present “Market Strategy and Market Conditions?” • What is the purpose of the Annual Report Management Discussion and Analysis? • Which Financial Statements and Notes always appear in the Annual Report? • Financial statement highlights • Income statement • Balance sheet • Statement of changes in financial Position (SCFP, or Cash flow statement) • Retained earnings statement • 10–20-year economic history • Notes on financial statements • What is the required Auditor’s Statement and why is it presented in the Annual Report? • How is corporate governance presented? How are company directors, and officers identified? • What are the US Form 10-K, UK Form AR01, Canadian AIF? Next, use a search engine to research how to read an annual report. Using your readings as a guide, write a guide to a novice investor entitled: “A Novice’s Guide to Reading an Annual Report.” Your guide must be at least 1000 words (following current APA guidelines) in a format and in language appropriate for a novice investor. Submit your guide by 11:59 p.m. (ET) on Sunday of Module/Week 2.