Syllabus

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