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Research and write business and teacher resources for High School pupils. linktr.ee/ericsutherland

Research and write business and teacher resources for High School pupils. linktr.ee/ericsutherland
QM007 Quality Audit V002
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QM007 Quality Audit V002

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Examples cover a product and a service, with exercises covering two of each which will help the students understand how Quality Audits are used.
Micro Entity Accounts Bundle
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Micro Entity Accounts Bundle

6 Resources
Micro Entity Accounts Analysis - explain the layout of the Accounts required by CompaniesHouse and HMRC. Profit and Loss Accounts - cover the first page of figures that show how the Profit or Loss has been worked out. Note 1 covers the Detailed Breakdown of company expenses. Balance Sheet Note 2 Tangible Assets Deprecation - explain how deprecation of Tangible Assets are worked out at the end of the companies trading period. Balance Sheet Notes 3 and 4 Debtors and Creditors - explain when the company incurs Debtors or Creditors and normally only reported if they 25% or more of the contract value or they have not been cleared when it’s the companies year end. Balance Sheet Note 5 Called up share capital - covers both paid and un-paid shares. Balance Sheet Note 6 Profit and Loss Account - this must balance with the figure in the Profit and Loss Account page.
Balance Sheet Note 5 Called up share capital
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Balance Sheet Note 5 Called up share capital

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Has now been expanded to cover both paid-up shares and unpaid shares. In most small companies that don’t pay dividends to share holders it’s easy. But with 100 £1 shares and only 2 paid-up. Means only 2% of profits can be paid out as dividends.
Profit and Loss Accounts
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Profit and Loss Accounts

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Examples, Questions and Answers supplied to help users understand when a Profit or Loss is made by a company. Also Note 1 for the Accounts relates to the Detailed Breakdown of expenses required to run the business.