term1 Definition1term2 Definition2term3 Definition3
Please sign in to your Google account to access your documents:
Limited Companies
Main features of limited company:
- artificial person created by law
- separate life from owner - perpetual existence
- responsibility for own debts/losses but LL
- offer shares for sale if public - private cannot
- governed by board of directors - elected
- Corporate governance = Combined Code
Financing Limited Company
- Ordinary Shares (equities) = main risk-takers, voting rights, form backbone of company
- Preference Shares =given right to fixed dividend before ordinary shareholders receive
- Reserves = profits/gained made by company + form part of ordinary shareholders claim
- Loan capital = major source of finance
Financial Statements of Limited Companies
- P&L = operating profit - net profit before tax - net profit after tax - unappropriated profit
- shows audit fees, transfers to reserves, corporation tax + dividends for year
- Share capital + reserves = 'equity'
k
Need help typing ? See our FAQ (opens in new window)
Please sign in to create this set. We'll bring you back here when you are done.
Discard Changes Sign in
Please sign in to add to folders.
Sign in
Don't have an account? Sign Up »
You have created 2 folders. Please upgrade to Cram Premium to create hundreds of folders!