1- Business organizations can be classified into different legal forms.

List and briefly explain the different forms of business organizations.


2- IAS 16 Property, plant and equipment identifies and describes two different models of accounting for tangible non-current assets. Discuss the importance of these two models


3- The sources of company finances may be various and complicated. Equity capital is the main source of company finances, what are the different types of share capital, explain.


4- For recording assets, the IASB Framework lists a number of different measurement bases which are employed in different degrees and in varying combinations in financial statements. Discuss these bases with examples.