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Summary Week 4 Assignment.docx Annual Reports Format: BWXT vs. BAE Ashford University Course Code: BUS340 “ Business Communications Introduction Annual reports are comprehensive financial whitepapers which detail the business goings-on for the previous f $4.99   Add to cart

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Summary Week 4 Assignment.docx Annual Reports Format: BWXT vs. BAE Ashford University Course Code: BUS340 “ Business Communications Introduction Annual reports are comprehensive financial whitepapers which detail the business goings-on for the previous f

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Week 4 A Annual Reports Format: BWXT vs. BAE Ashford University Course Code: BUS340 “ Business Communications Introduction Annual reports are comprehensive financial whitepapers which detail the business goings-on for the previous fiscal year, also serves as a finger on the pulse of the ...

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  • February 5, 2021
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Annual Reports Format: BWXT vs. BAE




Ashford University

Course Code: BUS340 – Business Communications




Introduction

, Annual reports are comprehensive financial whitepapers which detail the business

goings-on for the previous fiscal year, also serves as a finger on the pulse of the performance of

the organization. The primary focus of the report is to communicate their efficacy to those who

have holding within the company, such as shareholders or investors. In short, “An annual report

is a document that public corporations must provide annually to shareholders that describes their

operations and financial conditions” (Hayes, 2020). The intent of this exercise is to critique the

reporting styles in how two similar companies present their annual reports to the public and their

shareholders. The two companies chosen are BWX Technologies, and BAE Systems, both of

whom are in the Aerospace/Defense field, and are direct competitors in DOE/Naval shipboard

nuclear reactor vessel systems for power an propulsion. The reports will be analyzed based on

the 2018 reports, due to the limits being reached for free report views for 2019.


1. Describe organizational differences that you see in how each corporation discusses

its annual performance.


BWX Technologies annual report opens to a graphic depicting easy to understand financial

information, which has grown deeper into the black year over year, since the 2015 spin off from

B&W. This is a fantastic way to introduce the reader to the in depth fiscal breakdown of the next

120+ pages by immediately letting the reader know that the stocks they bought are safely

invested. The next page is a letter to the shareholders from President and CEO, Rex Geveden,

detailing the 2018 highlights, and future intentions. The last three (3) pages of the introduction

include a brief company overview and the segmented operating income (how and where much

ofBWXT’s income is accumulated), a breakdown of personnel, history of products shipped and

current service standing, and finally a cumulative list of the corporate Board of Directors and

Company Officers. The Form 10-K follows that, which is standard information. Overall, in the

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