Offset and Strategic Report: Difference between pages

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imported>Doug Williamson
(Add 3rd and 4th definitions. Sources: linked pages.)
 
imported>Doug Williamson
(Added new entry for Strategic Review. Information from [https://www.frc.org.uk/Our-Work/Publications/Accounting-and-Reporting-Policy/FRC-Staff-Guidance-Note-Strategic-Report-Regulatio.aspx)
 
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1.
''Financial reporting''


Ability to set assets against liabilities in multiple bank accounts. 
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:


Also used in netting transactions.
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,


2.
c) a description of the principal risks and uncertainties facing the company.


More generally, the right to reduce or eliminate a liability, by deducting the amount of a related asset.
The Strategic Report replaces the Operating and Financial Review or Business review section of the Annual Report. It is in addition to the Directors' report.


Most commonly, when the asset and liability are with the same counterparty.


==See also==
* [[Annual report]]


3.


More generally still, the netting of any items, whether or not any positive action is needed to cause the netting.
==Other links==
 
[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]
For example, the netting of inflation differentials and expected changes in spot foreign exchange rates under purchasing power parity theory.
 
 
4. ''Environmental concerns''.
 
Abbreviation for carbon offsetting.
 
 
== See also ==
* [[Assets]]
* [[Carbon offsetting]]
* [[Counterparty]]
* [[Exchange rate]]
* [[Inflation]]
* [[Interest offset pooling]]
* [[Liabilities]]
* [[Netting]]
* [[Open interest]]
* [[Spot]]
 
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 09:18, 4 April 2014

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:

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


See also


Other links

Staff Guidance Note: The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 – Key Facts