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Card 6

Front

According to the conceptual framework, what is the objective of financial statements?

Back

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Card 7

Front

Name 8 characteristics of financial statements.

Back

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Card 8

Front

What does the term Faithful Representation mean?

Back

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Card 9

Front

What does the term Materiality mean?

Back

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Card 10

Front

What is the meaning of the term Prudence.

Back

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Card 11

Front

Explain the meaning of limited liability.

Back

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Card 12

Front

What is the difference between a sole trader and a Limited Company.

Back

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Card 13

Front

Explain what corporate governace is.

Back

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Card 14

Front

Who regulates corporate governance?

Back

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Card 15

Front

What type of companies are required to comply with the UK Corporate Governance Code.

Back

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