Turn to the annual report of a listed company which you have used for activities in previous chapters. Find every item of information about current liabilities. (Start with the financial statements and notes but look also at the strategic report, chief executive’s review and other non-regulated information about the company.) Divide into two groups. One group should take on the role of the purchasing director and one should take on the role of a company which has been asked to supply goods or services to this company on credit terms.

• Supplier group: What questions would you ask to supplement what you have learned from the annual report?

• Purchasing director: What questions would you ask about the supplier? What might you learn about the supplier from the annual report of the supplier’s company?