Public and Private companies

muffymk

hi all

In management accounting what is the difference regarding cash balances??

I think im having a senior moment

Can anyone explain?

Many thanks


MM X :confused1:

SandyHood

Jan - Mar each year people ask the same question about public sector short term deposit restrictions
So anyone else these are the links (in the archive)

http://www.aat.org.uk/forums/showpos...53&postcount=3

http://www.aat.org.uk/forums/showthread.php?t=15294

http://www.aat.org.uk/forums/showthread.php?t=13927

Helenb

Hi Sandy

Just wondering, Where do they deposit it?

"So whereas you or I might consider even high street banks such as Barclays as very low risk and a safe place to put our money, that liyyle bit of risk they present is too much for at least one public sector organisation."

SandyHood

I believe West Sussex County Council will deposit small amounts with a number of banks, such as the Royal Bank of Scotland and HSBC. This spreading the money around lowers risk as well.