Demystifying company accounts

This practice note explains the way that accounts are prepared, what the different elements of accounts are designed to achieve, the source of the rules governing their content and how they are applied in practice. It also deals with some common misconceptions about accounts that can lead to a misunderstanding about what accounts do and do not show.

Kathryn Cearns

Request a free trial

To access this resource and thousands more, register for a free, no-obligation trial of Practical Law. Register using the button below, telephone +44 (0)20 7202 1220 or e-mail

A free trial will give you:

Unlimited access to Practical Law online know-how
Thousands of market standard documents and clauses
Daily alerts and weekly update e-mails on key legal developments in your practice area


Log in

To access this resource, log in below or register for free access.

Contact us

Our customer services team are available every working day 8.30am to 7pm (GMT).

{ "siteName" : "PLC", "objType" : "PLC_Doc_C", "objID" : "1248107941937", "objName" : "ACT_OWNED - READ_ONLY - 2-598-0166", "userID" : "2", "objUrl" : "", "pageType" : "Resource", "academicUserID" : "", "contentAccessed" : "false", "analyticsPermCookie" : "2-3b01f5d1:15b0b2dd987:908", "analyticsSessionCookie" : "2-3b01f5d1:15b0b2dd987:909", "statisticSensorPath" : "" }