BUSINESS STRUCTURES

All businesses have a legal status e.g. sole proprietorship, partnership, charity, company and so on. While there is a general commonality from country to country but the details may be different depending on where you are based or where you are trading.

If necessary, revise your understanding of [UK] forms of business organisation – particularly companies.

See also: UK Company Structure qLegal, Queen Mary College 2020

AN INTRODUCTION TO ACCOUNTING IN THE UK

There is an online introduction to accounting in the UK. This will provide very useful information about accountants and what accountants do. It covers what accountants do, the structure of the accounting profession in the UK, how accountants qualify, and even the personal qualities that make for a good accountant. And, of course, why studying accounting is such a good idea! You can access the material here.

There is some supplementary reading (with up to date statistics) at:

The Accountancy Profession in the UK Oxford Economics, May 2017