Slide 4.1
Lecture 7 (Chapter 4)
Accounting for limited
companies (1)
,Slide 4.2
LEARNING OUTCOMES
You should be able to:
Discuss the nature and financing of a limited
company
Describe the main features of the equity in a
limited company and the restrictions placed on
owners seeking to withdraw part of their equity
Explain how the income statement and statement of
financial position of a limited company differ in detail
from those of sole proprietorships and partnerships
Discuss the reasons for the formation of groups of
companies and the main features of financial
statements prepared for groups of companies
, Slide 4.3
Main features of limited companies
Legal nature
Perpetual life
Limited liability
Legal safeguards
Lecture 7 (Chapter 4)
Accounting for limited
companies (1)
,Slide 4.2
LEARNING OUTCOMES
You should be able to:
Discuss the nature and financing of a limited
company
Describe the main features of the equity in a
limited company and the restrictions placed on
owners seeking to withdraw part of their equity
Explain how the income statement and statement of
financial position of a limited company differ in detail
from those of sole proprietorships and partnerships
Discuss the reasons for the formation of groups of
companies and the main features of financial
statements prepared for groups of companies
, Slide 4.3
Main features of limited companies
Legal nature
Perpetual life
Limited liability
Legal safeguards
