AccountingCode 9706
Limited companies
What this topic asks you to be able to do
- how to produce the following for a limited company so that they meet both the law and the international accounting standards that apply: the statement of profit or loss; the statement of financial position; the statement of cash flows; the statement of changes in equity; the schedule of non-current assets
- Students must apply their grasp of the accounts kept by partnerships, clubs and societies, manufacturing businesses and limited companies, so that they can assess relevant information and reach well-informed business decisions