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.
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