Abstract
Bankers examine the financial accounts of companies for two main reasons: first, in order to determine whether the business is healthy and is likely to make repayment of any facilities in the ordinary course of business; and secondly in order to estimate the likely value of the company’s assets if it proves necessary to liquidate the business and to realise the assets piecemeal. This chapter deals with the first objective, interpreting the accounts of a company as a going concern. The gone concern evaluation is dealt with in Chapter 13.
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Further Reading
E. R. Farmer, Understanding and Interpreting Company Reports and Accounts(Van Nostrand Reinhold, UK. 1983).
A. Sugden and G. Holmes, Interpreting Company Reports and Accounts(2nd ed., Woodhead Faulkner, 1982).
T. A. Lee, Company Auditing — Concepts and Precepts(2nd ed., Gee, 1979).
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© 1985 Roger Bryant
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Bryant, R. (1985). Interpretation of Financial Accounts. In: Accountancy. Banking and Finance Series, vol 2. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-4964-5_8
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DOI: https://doi.org/10.1007/978-94-009-4964-5_8
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-8698-1
Online ISBN: 978-94-009-4964-5
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