Sunday, August 01, 2010

Companies urged to beware 'recession' accounts


Private businesses about to file their 2009 accounts warned that a more up-to-date picture may be needed to give an accurate reflection of their financial strength

Private companies may have to provide confidential accounts in order to provide a meaningful snapshot of their financial position.

These calls have been repeated by the credit insurance community, which provides cover against the risk of a company defaulting on a payment after receiving credit by a supplier.

See full Article.