Accounting Flashcards
1
Q
What is accounting?
A
The financial information of past, present and to a limited extent the future success of a company.
2
Q
What is finance?
A
The financial relationships with external markets provide the enterprise with funds and the workings of the market themselves.
3
Q
What are the different forms of business?
A
Sole traders
Partnerships
Private limited company (Ltd)
Public limited company (Plc)
4
Q
What are stock exchange listing advantages?
A
Easier to raise funds
cheaper to raise funds
raises profile
5
Q
What are stock exchange listing disadvantages?
A
increased regulatory
more vulnerable to takeover
close monitoring of actions and decisions
