HND 商务会计 outcome3.docxVIP

Introduction.SSP plc is engaged in food processing, supplying all the main supermarket chains with first class processed meat products. SSP plc will open a new processing plant in Glasgow over the coming year. This report will analyze the information contained in the financial accounting statements of the company. In addition, it will consider the users of this accounting information, the sources of finance an analysis of the company’s financial performance and position.Section 1: Users of financial information.UsersPurpose Sources Government AgenciesThrough the financial analysis to understand the business tax situation; order to comply with government regulations and market situation; workers income and employment status.Profit and Loss accountprofit/tax figuresemployment detailsSupplierThroughanalysis,to seewhetherlong-termbusinesscooperation; to understandhowthe levelof creditsales; whetherto extend thepayment periodshouldenterprises.Profit and Loss account. Directors reportManagersTo improve financial decision-making and financial analysis, involving the most comprehensive, external use, including almost people care about all the problems.All information — in segmented form including budget figures;Ratio Analysis; Annual ReportCreditorsIn order to decide whether to give business loans, loans to pay and risk analysis; In order to understand the short-term solvency of the debtor, to analyze its current status;.Balance Sheet — net current assets. Cash Flow statement — major inflows/outflows of cashSection2: Source of finance.2.1 Short term sources.Trade creditor:Trade credit by delaying payment ,the cash is made available for other use .it also an interest free way of raising finance .the trade creditors is low .the reason of the poor relation with supplier.Tax due:Tax due is according to the profit ,the company have decrease to last year ,that is the net profit is low.Bank overdraft: Bank overdraft is a greater value drawn by bank account holder than the actual