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Scope of financial accounting

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA FA – FIA FFA › Scope of financial accounting

  • This topic has 2 replies, 2 voices, and was last updated 8 years ago by AvatarJohn Moffat.
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  • March 1, 2018 at 12:28 pm #439533
    Avataralikhakar
    Participant
    • Topics: 186
    • Replies: 79
    • ☆☆☆

    Are the directors often the shareholders of the company ? If so , only the executive directors can be the shareholders or non executive too ?

    March 1, 2018 at 12:35 pm #439534
    Avataralikhakar
    Participant
    • Topics: 186
    • Replies: 79
    • ☆☆☆

    one of the disadvantages of trading as a limited liability company is- its hard to reduce the share capital of a company ( concerning law) why so ?

    March 1, 2018 at 3:41 pm #439568
    AvatarJohn Moffat
    Keymaster
    • Topics: 57
    • Replies: 54846
    • ☆☆☆☆☆

    Directors often do hold shares in the company. Both executive and non-executive can hold shares.

    There are laws relating to repaying share capital in a limited company – these do not apply to sole traders.

    Both of these questions are more relevant for Paper F4 than Paper F3.

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  • The topic ‘Scope of financial accounting’ is closed to new replies.

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