Accounting for Companies

Overview

May Sale!

This distance learning course is related to the company accounts. It basically deals with the profit and loss account as well as balance sheet that is modified and extended to relate with this type of business. This online course also focusses on the framework of rules and regulations that are defined as per the preparation and presentation of accounts in a limited company.

After the completion of this online training course students will be able to:

• Analyse the accountability requirements, which is demanded of the directors
• Describe the difference between the accounting for companies and accounting for sole traders
• Prepare final accounts along with the appropriation account
• Examine and explain the consequences of law and the Stock Exchange for determining the form and content of corporate financial reports
• Defining the requirement of accounting standards in financial reporting

Description

Main Features of Company Accounts

    Accountability of directors/published accounts
    The Profit and Loss Account
    The Profit and Loss Appropriation Account
    The Appropriation Account and the Duality Convention
    The Balance Sheet

The Regulatory Framework

    The Legislative Framework
    The Companies Acts Requirements
    The Balance Sheet and Profit and Loss Account Formats
    The Directors' Report
    The Auditors' Report
    Stock Exchange Requirements
    The Need for Accounting Standards
    The Response of the Accountancy Profession

Summary
Review Activity
Recommended Reading
Tutor-marked Question Paper