TAILIEUCHUNG - Lecture Fundamental financial accounting concepts (8/e): Chapter 11 - Edmonds, McNair, Olds

This chapter discusses proprietorships, partnerships, and corporations and other features of the three primary forms of business structure. After you have mastered the material in this chapter, you will be able to: Identify the primary characteristics of sole proprietorships, partnerships, and corporations; explain how different types of capital stock affect financial statements; show how treasury stock transactions affect financial statements. | Proprietorships, Partnerships, and Corporations Chapter Eleven McGraw-Hill/Irwin McGraw-Hill/Irwin Copyright © 2013 by The McGraw-Hill Companies, Inc. All rights reserved. This chapter discusses proprietorships, partnerships, and corporations and other features of the three primary forms of business structure. Business Forms A sole proprietorship is owned by a single individual. A partnership is owned by two or more individuals. Partnerships require clear agreements about authority, risks, and the sharing of profits and losses. A corporation is a separate legal entity created by the authority of a state government. Each state has separate laws governing establishing corporations. 11- There are three basic forms of business organizations: A sole proprietorship is owned by a single individual. A partnership is owned by two or more individuals. Partnerships require clear agreements about authority, risks, and the sharing of profits and losses. A corporation is a separate legal entity created by the authority of a state government. Each state has separate laws governing establishing corporations. Regulation Few laws govern the operations of sole proprietorships and partnerships. Corporations are subject to regulations. Large, publicly traded corporations are much more heavily regulated than smaller, closely-held corporations. SEC Acts of 1933 and 1934. Sarbanes-Oxley Act of 2002. Exchange listing requirements. 11- Corporations are subject to many more laws and regulations than are sole proprietorships and partnerships. Large, publicly traded corporations are much more heavily regulated than smaller, closely-held corporations. They are subject to the provisions of the Securities and Exchange Commission Acts of 1933 and 1934, the Sarbanes-Oxley Act of 2002, and various exchange listing requirements. Corporate Advantages Separate legal entity Limited liability of stockholders Continuous life Easily transferable ownership rights Ability to raise capital

• Kế toán - Kiểm toán
• Financial accounting
• Fundamental financial accounting
• Lecture Fundamental financial accounting concepts
• Financial statement
• Business forms
• Capital structure
• Issues in financial accounting
• Kế toán tài chính
• Financial statements
• Accounting standards
• Financial reporting
• Financial Accounting Standards Board
• Accounting cycle
• Accounting for accruals
• Lecture Financial accounting
• Accounting system
• Accounting activities
• Financial accounting practice
• Accounting information system
• Accounting terminology
• Reporting financial results
• Evaluating liquidity
• Business firms
• The financial reporting reform
• Accounting information
• Management accounting
• Accounting equation
• Accounting systems
• Decision making
• External financial reporting
• Accounting for business
• Lecture Accounting for business
• Financial accounting reports
• Statement of financial performance
• Accrual accounting systems
• Statement of financial position
• Mastering financial accounting essentials
• Financial accounting essentials
• Accrual accounting
• Income statement
• Accounting conventions
• Internal control
• Accounting for cash
• Accounting for receivables
• Computing uncollectible accounts expense
• Long term debt
• Accounting for long term debt
• Paper F3
• Revision kit 2016
• Accounting Financial
• Accounting Financial Review
• Financial Review accounting exam
• Study text 2016
• Language of business
• Double entry accounting system
• Credit terminology
• Merchandising businesses
• Accounting for merchandising businesses
• Accounting for inventories
• Cash discounts
• The accounting cycle
• International financial reporting standards
• Completing the accounting cycle
• Accounting worksheet
• Classified balance sheet