Accounting for Companies (Byte Size)
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
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 1: Accounting for Companies (Byte Size) Certificate
Accounting for Companies (Byte Size) Certificate issued by Stonebridge Associated Colleges, entitling you to use the letters SAC Cert after your name.
This course is an online course . With online study you have access to your entire course from the start of your studies. You can access your course materials, and submit all of your question papers to your personal tutor, online from anywhere in the World using your unique student account.
If you do not have Internet access, or would prefer to study this course via the traditional paper/postal based study method, you can find more information on the course by clicking on the link below.
There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.
This is only an approximate figure and is dependant upon how much time you can dedicate to your studies and how well you grasp the learning concepts in the course material. Furthermore, at the end of each lesson there is a question paper that needs to be completed and returned to your tutor. You should allow at least 1 - 2 hours of study to complete each question paper.
The approximate amount of time required to complete the course is: 20 hrs.
Assessment Method
After each lesson there will be a question paper, which needs to be completed and submitted to your personal tutor for marking. This method of continual assessment ensures that your personal tutor can consistently monitor your progress and provide you with assistance throughout the duration of the course.
What's Included
- All study materials
- Study Guide
- Full Tutor and Admin support
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