accounts

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Related to accounts department: Finance department
See: budget, finance, ledger

accounts (of limited companies)

annual accounts for circulation to members. Normally the accounts must include: a profit and loss account (or income and expenditure account if the company is not trading for profit); a balance sheet signed by a director; an auditor's report signed by the auditor (if appropriate); a director's report signed by a director or the secretary of the company; notes to the accounts; and group accounts (if appropriate). For financial years beginning on or after 1 April 2005, the directors of a quoted company are also required to prepare an operating and financial review signed by a director or secretary. In this case, the auditor's report must give an opinion on the information in the report. For financial years beginning on or after 1 January 2005, the accounts may be prepared in accordance with international accounting standards. The accounts must be lodged with Companies House.
References in periodicals archive ?
The accounts department of the municipal corporation is not releasing Rs 9 crore as first installment.
In addition to overseeing the Government Affairs Department and the National Accounts Department at Orthofix, Ms.
NYSE:PRU) announced today that Peter Green has joined its Managed Accounts department to head its business development effort targeting banks' wealth management units.
Lange has served Penn National Insurance since joining the company in 1990, working as a commercial underwriter, senior commercial underwriter, production underwriter in the company's former Special Accounts Department (handled large, specialty group accounts), manager of the former Special Accounts Department, and most recently as a territory manager in the company's Harrisburg Branch Office.
Manulife Financial has introduced the National Accounts Department to help make conducting business with the financial services firm easier for NYSE and NASD broker/dealer home offices.