Wednesday, 30 August 2017

Compare and contrast the characteristics of sole traders and limited companies.

 Compare and contrast the characteristics of sole traders and limited companies. Explain why there are differences in the regulation of the financial statements produced by sole traders and limited companies in the UK.b) ‘Financial Reporting Standards are not the best way to regulate the preparation of financial statements’. Using suitable examples, discuss this statement with particular reference to the arguments for and against the use of FRSs in the UK.This is a research based assignment and as far as possible you should refer to appropriate books, professional journals and academic journals.
All sources of information should be fully cited in a bibliography.Academic accounting journals that you might find useful:• AOS - Accounting, Organisations and Society• AAAJ - Accounting, Auditing and Accountability Journal• BAR - British Accounting Review• EAR - European Accounting ReviewProfessional Journals:• Accountancy• Accounting and Business• Financial Management

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