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Largest form of business organisation 2 classes of companies Public company and Private company.
Voluntary association Is a separate legal entity Has a perpetual existence Has a common seal
Authorised Share Capital Issued Share Capital Subscribed Capital Called Up Capital Uncalled Capital Calls in arrears
2 Types of shares 1. Equity Shares / ordinary shares 2. Preference Shares redeemable or irredeemable cumulative or non-cumulative
long term loans raised by the company Interest paid at the rate shown on the certificate. redeemable irredeemable, mortgage / secured Simple or 'Naked'
companies create reserves out of profits reserves are also called Retained Earnings Reserves can be revenue reserves free reserves contingency reserves or capital reserves.
Chapter—Issue of shares Introduction of joint stock company--- According to section 3(1)(i) of indian companies act 1956-”company means a company formed.
Chapter 1- Introduction to Companies Chapter outcomes: 1.Different types of business organisations; 2.Meaning of company; 3.Types of companies; 4.Meaning.
AC120 lecture 25 Nature of limited companies Final accounts of limited companies Source: –Thomas, Chapters 26 and 27.
Limited Company (I). Sole Proprietorship Partnership Company Incorporated under Companies Ordinance = Corporation Limited Liability Unlimited Liability.
BUSINESS BASICS. Types of Business BUSINESS MAY BE UNDERTAKEN BY DIFFERENT TYPES OF ORGANISATION WHICH IS BRIEFLY DESCRIBED BELOW SOLE PROPRIETORSHIP.
RE-CAP What is a partnership? What is an advantage of becoming a partnership? What is a disadvantage of becoming a partnership? What document do you need.
ACCOUNTING FOR COMPANY STATEMENT OF FINANCIAL POSITION (EQUITY)
Slide 45.1 Wood and Sangster, Frank Wood's Business Accounting Volume 1 Power Points on the Web, 11 th Edition © Pearson Education Limited 2008 Public.
Presented By – Shilpi Chakraborty Himani Chauhan Neetu Goswami Guided By – Miss Bushra.
2 Distinctions of companies Separate legal entity Separation of ownership and management Ownership through shares Limited liability is usual. It is the.
CORPORATION l A business organized as a legal entity separate and distinct from its owners. l Chartered by the state with ownership divided into shares.
1 Introduction to Company Accounting Learning Outcomes: Understand the concepts and the environments associated with companies Understand different.
Chapter McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved. Sources of Capital: Owners’ Equity 9.
Limited Liability Companies. Objectives Explain the various ways of raising capital; Explain the accounting entries for recording capital and appropriating.
Notes Of Limited Liability Companies By Talha Mahmood Bhatti.By Talha Mahmood Bhatti.
Chapter 2 – Introduction to Limited Company Financial Statements Accounting terminology Advantages of forming a limited company The Companies Acts / Governing.
McGraw-Hill/Irwin Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved. Shareholders’ Equity: Capital Chapter 11.
SHARES. MEANING TYPES SHARE CAPITAL TYPES OF SHARE CAPITAL.
1 Corporation Created by law Legal entity Has most of the rights and privileges of a person Classified by purpose and ownership Purpose - profit or nonprofit.
Topic : Kinds Of Shares Legal Aspects Of Business Topic : Kinds Of Shares.
CORPORATIONS: DIVIDENDS, RETAINED EARNINGS, AND INCOME REPORTING CHAPTER 15.
Equity Market in India Equity Market is the market in which shares are issued and traded, either through exchanges or over the counter markets. Equity.
FINANCIAL ACCOUNTING Tools for Business Decision-Making KIMMEL WEYGANDT KIESO TRENHOLM IRVINE CHAPTER 1: THE PURPOSE AND USE OF FINANCIAL STATEMENTS.
Ordinary shares. Ordinary shares represent ownership position as the shareholders are the legal owners of the company.
Environment of Finance The financial decisions of a firm are influenced by the legal form of its organization, the regulatory framework governing it, the.
Finanacial Statements Balance Sheet & Profit and Loss Account.
Company Accounts Companies can be divided into 2 types: A Public Limited Company which is shown as Plc A Private Limited Company which is shown as Ltd.
Share capital is the amount of money that a company receives by the sale of its shares.
Business Forms Practice SP, P or C. SP, P or C? 1. Has both general and limited forms 2. Has the largest number of businesses 3. Is considered a legal.
Chapter Eight Proprietorships, Partnerships, and Corporations © 2015 McGraw-Hill Education.
Characteristics of Corporations Allow large amounts of capital to be raised Allow for easy transfer of ownership Limited liability of shareholders Dual.
An introduction to the financial statements of limited liability companies Chapter 45.
1 Financing A Company - Equity Learning Outcomes: Able to identify classes of shares Know to account for the issuance of shares Know to account for.
Chapter 16 LIMITED LIABILITY COMPANIES (LLC). LLC - General A limited liability company is any company whose capital is broken up into small amounts called.
Overview of Finance. Financial Management n The maintenance and creation of economic value or wealth.
FINANCIAL ACCOUNTING Unit 2 – COMPANIES I : Limited Companies and the Issue of Shares Unit 21Copyright © 2010 MDIS. All rights reserved.
1 Introduction to Company Accounts and Issue of Shares and Debentures.
Cost of Perpetual Debt and Redeemable Debt Kdb =I + ((P-Np)÷n ) P + Np)÷2))) Where, I = Annual interest payable P = Par value of debt Np = Net proceeds.
The Limited Partnership UK LP – vehicle of choice for private equity / venture capital? Luxembourg LP – a credible alternative? Review of some distinctive.
Corporation An artificial being created by operation of law having the right of succession and the powers, attributes and properties expressly authorized.
Corporate Stocks. Stock Financing When shares of stock are sold to raise funds for the long-term financing requirements of the firm. The object of stock.
TOPIC : ACCOUNTS OF HOLDING COMPANIES. INTRODUCTION When a company acquires majority shares in the ownership capital or is in a position to influence.
RECAP Topics covered Prospectus (Definition). Contents of Prospectus. Requirements relating to the Prospectus Liabilities arising out of untrue statement.
VALUATION OF SHARES AND DEBENTURE. NEED OR PURPOSE When two or more companies amalgamate or one company absorb another company. When a company has.
Accounting for Corporations Chapter 11 Copyright © 2016 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written.
FINANCIAL ACCOUNTING II PBAC 301 BY RICHARD AMANKWA FOSU.
REDEMPTION OF PREFERENCE SHARES. UNDER SECTION 100 OF THE COMPANIES ACT, A COMPANY IS NOT ALLOWED TO RETURNS TO ITS SHAREHOLDERS THE SHARE MONEY WITHOUT.
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