Understanding Organisations in their Context, 5th Edition

Session C

Financial information

1

Introduction

In this session we will look at the way accounting procedures are used in organizations to prepare the year-end financial statements, such as the published annual reports and accounts of companies.

These annual reports represent an organization's effort to the outside world and provide useful information for shareholders, potential investors, lenders, employees and others.

How much of your pension fund is invested in companies quoted on the London Stock Exchange? How much do you know about them? Do you want to know more?

2	Cash accounting versus profit accounting

We saw in Session ...