Company Accounts

1

• Company Accounts

2
Purpose of Company Accounts


3
Annual Report

• Company Aims
• Chairmans Report
• Directors Report
• Auditors Report
• Financial Statement

4
Balance Sheet
5
Cash Flow Statement
How goes out
How goes in
6
Cash flow

• Problems
• Too much cash
• Too much credit
• Too much stock
• Weak economy
• Over trading
• Seasonal trade

7
Cash flow

• Solutions
• Fast turnover
• Longer repayment periods
• Remove idle assets
• Sub contracting
• Collect debts
• Leasing

8
Limitations of Published Accounts

• Deals only with numerical information
• Does not deal with quality of workforce
• Only good for the moment it was published