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Companies and financial accounting
Companies and financial accounting

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Learning outcomes

After studying this course, you should be able to:

  • understand the legal characteristics of limited companies and how these characteristics are different from those of sole traders and partnerships

  • understand company financing through share capital and loan capital

  • understand the interests and information needs of different company stakeholders

  • identify and explain three perspectives on the role of companies and company financial reporting in society

  • understand the differences in layout between financial statements for companies and those of sole traders, and explain how and why they are different from sole trader financial statements.