财务会计教学ppt课件

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5
Key features of the corporate structure
• A company is a legal entity
• Limited liability
• Share capital ledger account reflects the company’s ownership
▪ Cash Trust (for monies received before shares are issued/allotted)
▪ Application
▪ Share Capital
▪ Call (if payable by 2 or more instalments)
▪ Cash ▪ Calls in Advance
Do not remove this notice
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Objectives
• Distinguish between different forms of corporate entities.
• Distinguish between different type of shares.
• Account for share issues fully payable on application and by
• Holders are entitled to a fixed annual rate of dividend.
• Accounting entries are the same in both issues
– ordinary and preference.
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Issue of public company shares
in share capital (Dr Share issue costs). • What if the issue is oversubscribed? • Shares issued may have a par value or no par
value.
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Accounting for share issues
Technology pursuant to Part VA of the Copyright Act 1968 (the Act)
The material in this communication may be subject to copyright under the Act. Any further copying or communication of this material by you may be the subject of copyright protection under the Act.
▪ Each share represents a proportional right to the company’s net assets
▪ Companies can issue different types of shares
➢e.g. ordinary or preference shares
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Types of shares
Ordinary shares:
• Most basic and common type.
• Payment of dividends rank after preference shareholders.
Preference shares:
• Preferential as to the payment of dividends and / or as to a return of capital in a winding-up.
• A prospectus is required for a public issue. • Minimum subscription may be required. • Issue can be underwritten. • Share issue costs are treated as a reduction
• No accounting entries are prepared when the invitation to subscribe is made
• Accounting commences on receipt of application forms and monies
• Accounts involved:
installments.
• Account for oversubscriptions.
• Account for share forfeiture and
reissue.
Baidu Nhomakorabea
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Types of companies
• Listed vs unlisted • Limited, unlimited, vs no-liability • Public companies
▪ Ownership is widely spread ▪ Many company law provisions are directed at
public companies
• Proprietary companies
▪ Limited membership ▪ Restrictions on raising funds ▪ Large vs small distinction is common
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Lecture 1
Shareholders’ Equity (Part 1)
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COMMONWEALTH OF AUSTRALIA
COPYRIGHT REGULATIONS 1969
WARNING
This material has been copied and communicated to you by or on behalf of Curtin University of
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Receipt of application monies
• On receipt of application monies: