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National and Company Law - Coggle Diagram
National and Company Law
Most businesses prepared financial statements by following the applicable financial reporting and accounting standards
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UK listed companies and companies on AIM must follow IFRS in their group financial statements but others have a choice between IFRS and UK FRS
The requirements to prepare proper accounts for unincorporated businesses such as partnerships and sole traders are often found in tax law
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Micro Company
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Balance sheet total £316,000
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