Part 1 The Role of Accounting in Starting a Business
LO1 Categorise business types and organisational forms. LO2 Describe accounting and its role in business decisions. LO3 Identify users of financial information. LO4 Describe the fundamental accounting equation and elements of financial. LO5 Explain the structure of basic financial statements. LO6 Understand the importance of ethical decisions in financial reporting and business 1. Business Types…