《财务会计教学》PPT课件
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reissue.
4
Types of companies
• Listed vs unlisted • Limited, unlimited, vs no-liability • Public companies
▪ Ownership is widely spread ▪ Many company law provisions are directed at
• No accounting entries are prepared when the invitation to subscribe is made
• Accounting commences on receipt of application forms and monies
• Accounts involved:
• Distinguish between different type of shares.
• Account for share issues fully payable on application and by installments.
• Account for oversubscriptions. • Account for share forfeiture and
▪ Companies can issue different types of shares ➢e.g. ordinary or preference shares
6
Types of shares
Ordinary shares:
• Most basic and common type. • Payment of dividends rank after preference
share capital (Dr Share issue costs). • What if the issue is oversubscribed? • Shares issued may have a par value or no par
value.
8源自文库
Accounting for share issues
1
Lecture 1
Shareholders’ Equity (Part 1)
2
COMMONWEALTH OF AUSTRALIA COPYRIGHT REGULATIONS 1969
WARNING
This material has been copied and communicated to you by or on behalf of Curtin University of Technology
communication of this material by you may be the subject of copyright protection under the Act.
Do not remove this notice
3
Objectives
• Distinguish between different forms of corporate entities.
shareholders.
Preference shares:
• Preferential as to the payment of dividends and / or as to a return of capital in a winding-up.
• Holders are entitled to a fixed annual rate of dividend. • Accounting entries are the same in both issues
• A company is a legal entity • Limited liability • Share capital ledger account reflects the
company’s ownership
▪ Each share represents a proportional right to the company’s net assets
9
Receipt of application monies
• On receipt of application monies:
Cash trust
Dr y
Application
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
– ordinary and preference.
7
Issue of public company shares
• 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 in
▪ 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
public companies
• Proprietary companies
▪ Limited membership ▪ Restrictions on raising funds ▪ Large vs small distinction is common
5
Key features of the corporate structure
4
Types of companies
• Listed vs unlisted • Limited, unlimited, vs no-liability • Public companies
▪ Ownership is widely spread ▪ Many company law provisions are directed at
• No accounting entries are prepared when the invitation to subscribe is made
• Accounting commences on receipt of application forms and monies
• Accounts involved:
• Distinguish between different type of shares.
• Account for share issues fully payable on application and by installments.
• Account for oversubscriptions. • Account for share forfeiture and
▪ Companies can issue different types of shares ➢e.g. ordinary or preference shares
6
Types of shares
Ordinary shares:
• Most basic and common type. • Payment of dividends rank after preference
share capital (Dr Share issue costs). • What if the issue is oversubscribed? • Shares issued may have a par value or no par
value.
8源自文库
Accounting for share issues
1
Lecture 1
Shareholders’ Equity (Part 1)
2
COMMONWEALTH OF AUSTRALIA COPYRIGHT REGULATIONS 1969
WARNING
This material has been copied and communicated to you by or on behalf of Curtin University of Technology
communication of this material by you may be the subject of copyright protection under the Act.
Do not remove this notice
3
Objectives
• Distinguish between different forms of corporate entities.
shareholders.
Preference shares:
• Preferential as to the payment of dividends and / or as to a return of capital in a winding-up.
• Holders are entitled to a fixed annual rate of dividend. • Accounting entries are the same in both issues
• A company is a legal entity • Limited liability • Share capital ledger account reflects the
company’s ownership
▪ Each share represents a proportional right to the company’s net assets
9
Receipt of application monies
• On receipt of application monies:
Cash trust
Dr y
Application
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
– ordinary and preference.
7
Issue of public company shares
• 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 in
▪ 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
public companies
• Proprietary companies
▪ Limited membership ▪ Restrictions on raising funds ▪ Large vs small distinction is common
5
Key features of the corporate structure