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.