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| ''Financial reporting''
| | Term debt is debt which has an agreed term or maturity. |
| | Normally the term when the debt is drawn down would be greater than one year. |
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| 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:
| | == See also == |
| | | *[[Debt]] |
| a) the development and performance of the company’s business during the financial year;
| | *[[Term loan]] |
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| b) the position of the company at the end of the year; and,
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| c) a description of the principal risks and uncertainties facing the company.
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| The purpose of the Strategic Report is to inform members of the company and help them assess how the directors have performed their duty.
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| The Strategic Report replaces the Operating and Financial Review/Business review section of the Annual Report. It is in addition to the Directors' report.
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| ==See also== | |
| * [[Annual report]] | |
| *[[Directors report]] | |
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| ==Other links==
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| *[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
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| *[http://www.legislation.gov.uk/ukdsi/2013/9780111540169/part/2] The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013]
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Revision as of 11:53, 30 May 2015
Term debt is debt which has an agreed term or maturity.
Normally the term when the debt is drawn down would be greater than one year.
See also
