They want to see the analysis of revenues and income that is useful when plans are being made

They might use accounting data to help them to decide on what credit limit to set

They use accounting information when collecting staistical information

These will ensure that the company can repay their debts on time including any interest

They want to know how their funds are being used

They want to know the cost implication of a particular course of action, to aid decision making

Information on the financial adaptability of the business is shown by:

Information on the performance of a business as well as gains or losses are shown by:

Information about how the equity of a company has changed over a period is shown by:

Information on the financial position of a business is shown by:

The accountability of the management of resources entrusted to it by the owners or government?

Sometimes used to separate the performance of an entity's management from the entity itself?

Their objectives include:- giving advice to the IASB on the agenda decisions and priorities

The IFRS produce guidelines for the IFRIC called IFRIC Interpretations?

The guidelines IFRIC publishes are called IFRIC Interpretations

If a company complies with IFRSs, it is presumed that it includes the IFRIC interpretations?

An independent not-for-profit organisation based in the US

Their objective is to give advice to the IASB on the agenda decisions and priorities

Who assists the IASB in establishing and improving standards and reporting?

Their objective is to promote the use and rigorous application of the accounting standards

The IFRIC provide guidance on financial reporting issues not covered by an accounting standard?

The main aim of the IFRIC is to set the standards in accounting?

The main source of company law in the UK is The Companies Act 2006?