This week’s topics
Rules and laws that shape finance and accounting
- Regulatory and legal influences: national regulations
- International regulations and conventions
What you will be able to do
- 1.2 Explain the regulatory and legal influences on a business’s finance and accounting function.
Activity
Start with this week’s 3 videos, then discuss how they apply to this week’s topic and note one example from a real business.
Study materials
Videos
- What is Companies House? · YouTube · Companies House · 2 min · for registered students
- Filing your annual accounts with Companies House · YouTube · Companies House · 3 min · for registered students
- Do I need to register my business for VAT? · YouTube · HMRC · 2 min · for registered students
Further resources
- Principles of Economics 3e, ch. 30.2: Taxation · PDF · OpenStax (2022), how taxes work; US-based; pp. 727–729 · for registered students
- OECD MNE Guidelines (2023), ch. XI: Taxation · PDF · OECD (2023) – a step up; tax compliance and avoiding aggressive tax planning; pp. 51–54 · for registered students
- Transparency, Financial Accounting Information, and Corporate Governance · Open-access article · Bushman & Smith (2003), FRBNY Economic Policy Review. How published accounting information helps investors and boards make decisions and monitor managers; tutor level. · for registered students
- Tax Evasion and Inequality · Open-access article · Alstadsæter et al. (2019), American Economic Review. Uses leaked records to show how much tax is evaded and why accurate records and reporting matter. · for registered students
Materials marked “for registered students” open in the student portal, which is set up as soon as you receive final acceptance.
