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A B C D E F G H I J K L M N O P Q R S T U V W Y


MANAGEMENT ACCOUNTING MEMBER
MANAGEMENT BUYOUT MEMBERS VOLUNTARY WINDING UP (LIQUIDATION)
MEDIUM SIZED COMPANY MEMORANDUM OF ASSOCIATION

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MANAGEMENT ACCOUNTING
- provision of data required by management, including planning and controlling activities, decision making on activities and safeguarding assets.


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MANAGEMENT BUYOUT
- an agreement made on the initiative of the company's managers, under which the company is paid money to give up its ownership of the business. Usually, the managers become the new owners of the business.


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MEDIUM SIZED COMPANY
- companies satisfying two out of three criteria, namely, Turnover less than £11.2 million; Net Worth not exceeding £5.6 million; Employees less than 250. A medium sized company may not disclose its turnover. However it needs to be remembered that just because a company qualifies for "Medium" status does not mean they must take advantage of it - they can and often do file "Full" accounts.


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MEMBER
- another name describing a shareholder in a company.


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MEMBERS VOLUNTARY WINDING UP (LIQUIDATION)
- a voluntary winding up.


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MEMORANDUM OF ASSOCIATION
- document stating important facts about a company, such as its legal status, country of incorporation, etc.


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A B C D E F G H I J K L M N O P Q R S T U V W Y


Types of Company Profit & Loss
Sole Traders & Partnerships Balance Sheets
Limited Companies The Meaning of Ratios
Company Accounts Credit Limits
Filing Requirements Detrimental Information
Audits Glossary of Terms