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''Financial reporting''
''Financial reporting.''


All companies, that are not small, are required by the Companies Act 2006 to prepare a Strategic Report containing a fair and balanced analysis of:
All UK companies, that are not small, are required to prepare a Strategic Report


a) the development and performance of the company’s business during the financial year;
This is a requirement of the UK Companies Act 2006 (Strategic Report and Directors' Report Regulations) [http://www.legislation.gov.uk/ukdsi/2013/9780111540169/part/2].


b) the position of the company at the end of the year; and,


The Strategic Report must contain a fair and balanced analysis of:
a) the development and performance of the company’s business during the financial year; <br>
b) the position of the company at the end of the year; and, <br>
c) a description of the principal risks and uncertainties facing the company.
c) a description of the principal risks and uncertainties facing the company.


The purpose of the Strategic Report is to inform members of the company and help them assess how the directors have performed their duty.
The purpose of the Strategic Report is to inform members of the company and help them assess how the directors have performed their duties.
 


The Strategic Report replaces the Operating and Financial Review/Business review section of the Annual Report.


The Strategic Report replaces the Operating and Financial Review/Business review section of the Annual Report. It is in addition to the Directors' report.
The Strategic Report is required in addition to the Directors' Report.




==See also==
==See also==
* [[Annual report]]
*[[Annual report]]
*[[Directors report]]
*[[Directors report]]
*[[Risk reporting]]
*[[Statutory duty]]
* [[The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022]]  - UK




==Other links==
==Other resource==
*[https://www.frc.org.uk/Our-Work/Publications/Accounting-and-Reporting-Policy/FRC-Staff-Guidance-Note-Strategic-Report-Regulatio.aspx] Staff Guidance Note: The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 – Key Facts
* [https://www.frc.org.uk/accountants/accounting-and-reporting-policy/clear-and-concise-and-wider-corporate-reporting/narrative-reporting/guidance-on-the-strategic-report FCA Guidance on the Strategic Report]


*[http://www.legislation.gov.uk/ukdsi/2013/9780111540169/part/2] The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013]
[[Category:Accounting,_tax_and_regulation]]
[[Category:Compliance_and_audit]]

Latest revision as of 23:46, 26 July 2022

Financial reporting.

All UK companies, that are not small, are required to prepare a Strategic Report.

This is a requirement of the UK Companies Act 2006 (Strategic Report and Directors' Report Regulations) [1].


The Strategic Report must contain a fair and balanced analysis of:

a) the development and performance of the company’s business during the financial year;
b) the position of the company at the end of the year; and,
c) a description of the principal risks and uncertainties facing the company.

The purpose of the Strategic Report is to inform members of the company and help them assess how the directors have performed their duties.


The Strategic Report replaces the Operating and Financial Review/Business review section of the Annual Report.

The Strategic Report is required in addition to the Directors' Report.


See also


Other resource