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LSE100 Accounting and Finance
Task:
LO1: Understand the theoretical and conceptual underpinning and frameworks for financial accounting
LO2: Understand and consider the issues in revenue recognition, expense recognition, accruals, prepayments, depreciation, inventory valuation, recognition of liabilities in the construction of core financial statements for sole traders and limited companies
a) Why do think that three different types of business enterprise (sole traders, partnerships and companies) exist? Use examples to illustrate your answer.
b) Critically distinguish between two forms share capital and two forms of long-term debt in the context of long-term sources of finance of listed public limited companies.
Please note the following when completing your written assignment:
1.Writing: Written in English in an appropriate business/academic style
2.Focus: Focus only on the tasks set in the assignment.
3.Document format: Essay
4.Ensure a clear title, course, and name or ID number is on a cover sheet and a reference using Harvard referencing throughout is also provided.
5.Research: Research should use reliable and relevant sources of information e.g. academic books and journals that have been peer reviewed. The research should be extensive.
The use of a range of information sources is expected – academic books, peer reviewed journal articles, professional articles, press releases and newspaper articles, reliable statistics, company annual reports and other company information. All referencing should be in Harvard style
LSE100 Accounting and Finance
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