Home For AAT student members AQ 2013 AAT Level 4 (Level 8 in Scotland)

Regulations governing public sector cash balances, and why they are important and rel

helenwhelenw New MemberRegistered Posts: 5
Hi

Need to revise this subject and have been told to look online for info -can anyone help?

Thanks

Helen

Comments

  • BluewednesdayBluewednesday Font Of All Knowledge Registered Posts: 1,624
    If you do a search on the forums, this has been asked and answered a few times. If I remember Sandy Hood did a very comprehensive answer to this.
  • Frank WoodFrank Wood New Member Registered Posts: 11
    Hello

    Public Sector cash balances are meant to be kept to a bare minimum. This is because HM Treasury has to borrow the cash to fund it's governemnt departments.

    There are also risk factors associated with placing any surplus cash on deposit with financial insitutions, such as Northern Rock etc.

    Hope this helps.
Sign In or Register to comment.