I n t e r a c t I v e t e X t foundations in Accountancy/ acca financial accounting (ffa/FA) bpp learning Media is an acca approved Content Provider

 

9 

ANSWER 

True 

A 

Yes, and in addition, companies listed on the stock exchange have to comply with the regulations 

in the stock exchange's Listing Rules. 

D Yes. 

E 

Yes, banks may require cash flow and profit forecasts and budgets prepared to show 

management's estimates of future activity in the business. 

False 

B 

The accounts of limited liability companies must always be filed with the Registrar of Companies 

and be available for public inspection. In addition, the company itself will often distribute these 

accounts on request to potential shareholders, the bank and financial analysts. These accounts 

are all that is usually available to suppliers and customers. 

C 

Employees will not necessarily receive company accounts (unless they are shareholders for 

example), but many companies do distribute the accounts to employees as a matter of policy. 

Some companies produce employee reports which summarise and expand on matters which are 

covered in the annual accounts and are of particular interest to them.