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Learn Accounting

Financial Statements - Sole Traders, Partnership, Companies
Course from Udemy
 22 students enrolled
 en
Preparation of a Statement of Profit or Loss and Statement of Financial Position for Sole traders, Partnerships and Companies
How to deal with adjustments in financial statements for items such as depreciation, accrued and prepaid expenses and incomes, irrecoverable debts and allowance for receivables .
How to prepare the appropriation account for partnerships, partner's current accounts, capital accounts and the drawings account.
Types of shares and share capital for companies, the characteristics of the different types of shares and the differences between shares and debentures.
Types of reserves of a company, how the reserves are created and what purpose the different reserves can be used for.
An understanding of other required financial statements for companies i.e. Statement of Changes in Equity, the Statement of Cash flows and Notes to financial statements.

The main aim of this course is to teach learners how to prepare and understand the Statement of Profit or Loss and Statement of Financial Position for the three different forms of business - sole traders, partnerships and limited companies.

The course covers other concepts that are key to preparation of financial statements such as depreciation, irrecoverable debts, allowance for receivables and accruals and prepayments.


Learn Accounting
$ 19.99
per course
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