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| ''Financial reporting.''
| | Making loans that are in the riskiest category of consumer loans. |
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| All UK companies, that are not small, are required to prepare a Strategic Report.
| | Also known as near-prime, non-prime, or second-chance lending. |
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| 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].
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| | | == See also == |
| The Strategic Report must contain a fair and balanced analysis of:
| | * [[Credit rating]] |
| | | * [[Investment grade]] |
| a) the development and performance of the company’s business during the financial year;
| | * [[Junk]] |
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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 duties.
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| The Strategic Report replaces the Operating and Financial Review/Business review section of the Annual Report.
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| The Strategic Report is required 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 Financial Reporting Council guidance note: The Companies Act 2006 (Strategic Report and Directors’ Report) Regulations 2013 – Key Facts] | |
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| [[Category:Accounting,_tax_and_regulation]]
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| [[Category:Compliance_and_audit]] | |
Revision as of 09:37, 27 June 2014
Making loans that are in the riskiest category of consumer loans.
Also known as near-prime, non-prime, or second-chance lending.
See also