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ACCOUNTING FOR COMPANIES

Byte size learning skills course of 1 comprehensive session

This course is concerned with company accounts. We shall see how the basic profit and loss account and balance sheet is adapted and extended to deal with this type of business organisation. We shall also consider the framework of regulations, legal and otherwise, that prescribe the way in which the accounts of limited companies are prepared and presented.

By the end of this course, you should be able to:

  • explain the accountability requirements imposed on directors
  • identify the main differences in accounting for companies as compared with accounting for sole traders
  • prepare a set of final accounts including an appropriation account
  • discuss the influence of law and the Stock Exchange in determining the the form and content of corporate financial reports
  • explain the need for accounting standards in financial reporting

Course Content

Introduction

Objectives

 

Section 1: Main Features of Company Accounts

1.1 Accountability of directors/published accounts


1.2 The Profit and Loss Account

1.3 The Profit and Loss Appropriation Account

 

1.4 The Appropriation Account and the Duality Convention

 

1.5 The Balance Sheet

 

Section 2: The Regulatory Framework

 

2.1 The Legislative Framework

2.2 The Companies Acts Requirements

 

2.3 The Balance Sheet and Profit and Loss Account Formats

 

2.4 The Directors' Report

 

2.5 The Auditors' Report

 

2.6 Stock Exchange Requirements

 

2.7 The Need for Accounting Standards

 

2.8 The Response of the Accountancy Profession

 

SUMMARY

Review Activity

Recommended Reading

 

Tutor-marked Question Paper

Qualification: Certificate of Completion in Accounting for Companies

£ Cash Price

£ Deposit

£ Instalments

no. of  payments
50      
The total amount payable over the term's period, is no more than the total cash price of the course. (APR = 0%). Written quotations are available on request.

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