Home > Social Sciences and the Law > Economics, Business, and Labor > Businesses and Occupations

Topic:accounting

accounting. (Image by ShutterStock)

Visit our new topic page about accounting

accountability

A Dictionary of Business and Management | Date: 2006

accountability An obligation to give an account. For limited companies, it is assumed that the directors of the company are accountable to the shareholders and that this responsibility is discharged, in part, by the directors providing an annual report and accounts (see annual accounts). In an accountability relationship there will be at least one principal and at least one agent. This forms the basis of an agency relationship.

Â© A Dictionary of Business and Management 2006, originally published by Oxford University Press 2006.

Related newspaper, magazine, and journal articles from HighBeam Research

	Will it still pay to incorporate? Credit Management; 3/1/2006; Davies, John; 787 words ; John Davies looks at the pros and cons of going limited in the light of the Company Law Reform Bill, which was recently presented to Parliament. The business benefit of setting up as a limited company is generally understood to be that, as a company, your business debts belong to the company rather Read more
	Reporting requirements Credit Management; 11/1/2007; Davies, John; 787 words ; Misguided proposals to reduce red tape In an about turn on red tape, the European Commission is suggesting some radical changes to the reporting requirements of the smaller and growing companies - John Davies questions these proposals, and the effect that they will have for businesses considering Read more
	Predictions with two credit risk models Norges Bank. Financial Stability; 6/1/2004; Anonymous; 657 words ; Norges Bank uses two different models to analyse financial exposure in the enterprise sector. Norges Bank's SEBRA model1 predicts bankruptcy probabilities based on annual accounts figures for all Norwegian limited companies. The disadvantage of the SEBRA model is that new information comes in only Read more
	Finances of Foreign Direct Investment Companies, 2002-03(1) Finance India; 12/1/2005; Anonymous; 787 words ; Abstract This article assesses the financial performance of 490 selected non-Government non-financial foreign direct investment (FDI) companies for the period 2000-01 to 2002-03 based on their audited annual accounts. The data are presented at the aggregate level for all selected companies and also Read more
	Chancellor's tax incentive has limited effect after U-turn.(Business) Liverpool Echo (Liverpool, England); 7/12/2004; 258 words ; SMALL business leaders expect the number of firms in the region becoming limited companies to fall after a government U-turn on tax incentives. The Federation of Small Businesses said firms going down the limited road increased significantly due to tax breaks offered in recent years. More than 18, Read more