Accounts of Limited Companies (Byte Size)

Limited companies are the most important form of business organisation within capitalist countries. Indeed, it is difficult to see how capitalism could have taken root so effectively without this particular vehicle for business activity. In this course, we identify the key features of the limited company that has made it such a successful form of business organisation. We also consider the way in which limited companies are financed and the restrictions that are placed on the owners' ability to withdraw their funds from the company.

By the end of this course, you should be able to:

• identify the critical features of a company, notably its separate legal entity; the relationship between shareholders and directors; and limited liability
• explain the main forms of share capital and loan capital associated with limited companies
• explain the nature of rights issues and bonus issues of shares
• identify the legal and practical restrictions that exist with regard to transferring funds to shareholders, including the payment of dividends

Syllabus

Introduction

Objectives

Section 1: Limited Companies - An Overview

1.1 The Main Forms of Business Enterprise

1.2 The Legal Nature of a Limited Company

1.3 Shares, Shareholders and Directors

1.4 Liability of Shareholders

1.5 Types of Company

1.6 Formation of a Limited Company

1.7 Ownership of Companies

Section 2: Share Capital and Loan Capital

2.1 The Main Types of Share Capital

2.2 Share Premium

2.3 Ordinary Shares

2.4 Preference Shares

2.5 Raising Share Capital

2.6 Rights Issues

2.7 Bonus Shares

2.8 Long-Term Loans

Section 3: Reserves

3.1 Revenue Reserves

3.2 Capital Reserves

Section 4: Transferring Funds to Shareholders

4.1 The Need For Rules

4.2 Dividends

4.3 Redemption of Shares and Share Repurchase

4.4 Liquidation

Summary

Review Activity

Recommended Reading

Tutor-marked Question Paper

Qualifications

On completion of your course, you will receive the dual award:

Award 1 is issued by Stonebridge Associated Colleges: Accounts of Limited Companies (Byte Size) Certificate

Accounts of Limited Companies (Byte Size) Certificate issued by Stonebridge Associated Colleges, to view a sample of the college’s award, please click here.

Requirements for Entry

There is no experience or previous qualifications required for enrolment on this course. It is available to all students, of all academic backgrounds.

Study Options

In order to offer our students the most convenient and flexible distance learning courses, Stonebridge Associated College offers you the option to study for your course via two methods:

• 1. Via the traditional paper-based method.
• 2. Through the online method via ElearnUK.

If you do not have Internet access, or would prefer to study this course via the traditional paper/postal based study method, you can find more information on the course by clicking on the link below.

Stonebridge Prices

Studying by Post. If you would like to pay by instalments, we do offer an affordable interest free payment plan scheme which allows you to spread the cost of your course over a number of months. However, to use this option you will need to study for your course using the traditional paper-based method. For more information on our payment plans please visit our website at www.stonebridge.uk.com

The reason why the course fee is less if you choose to study online, is because with online study there are no costs associated with postage and printing etc. and thus we are able to offer the course at a reduced rate.

The total amount payable over the term's period, is no more than the total cash price of the course.
(APR = 0%). Written quotations are available on request.

Study Hours

This is only an approximate figure and is dependant upon how much time you can dedicate to your studies and how well you grasp the learning concepts in the course material. Furthermore, at the end of each lesson there is a question paper that needs to be completed and returned to your tutor. You should allow at least 1 - 2 hours of study to complete each question paper.

The approximate amount of time required to complete the course is: 20 hrs.