Accounting for Corporations


Overview/Description
Target Audience
Expected Duration
Lesson Objectives
Course Number


Overview/Description
Did you know that basic accounting transactions for corporations are different than other types of business organizations? Do you need to learn more about the basic accounting principles of corporations? This course is designed to teach you how to perform basic accounting procedures specifically for corporations. You will learn how to record the issuance of stock and record transactions in the corporation's accounts. In addition, you will learn how to determine total and per share shareholder equity.

Target Audience
Individuals who require knowledge of the basics of accounting, who are starting a business or interested in becoming a partner, who are learning to manage the accounting activities of a business, and who need to review accounting principles and procedures. Shareholders or people who are interested in becoming a shareholder can also benefit from this course.

Expected Duration (hours)
2.5

Lesson Objectives

Recording the Issuance of a Corporation's Stock

  • recognize the importance of properly recording the issuance of a corporation's stock.
  • match the types of common stock to given examples.
  • label the steps to recording the issuance of different types of common stock.
  • apply the steps to recording the issuance of preferred stock, given a scenario.
  • determine the proper entries for the Contributed Capital in Excess of Par Value Accounts, for a given scenario.
  • select the correct entries for the issuance of treasury stock for a given scenario.
  • determine the entries for reissuing treasury stock for a given scenario.

    • Corporate Transactions

  • recognize the importance of properly recording the transactions for a corporation.
  • apply the steps to complete a Statement of Retained Earnings for a given scenario.
  • calculate the balance of the contributed capital account for a given scenario.
  • apply the steps to paying a cash dividend for a given scenario.

    • Calculating Shareholders' Equity

  • recognize the importance of understanding how to calculate total and per share shareholders' equity.
  • determine total shareholders' equity from a Shareholders' Equity Statement for a given scenario.
  • calculate the book value per share of a corporation's common and preferred stock for a given scenario.
  • calculate a corporation's earnings per share, given a scenario.
  • determine the best investment based on the dividend yield of the shareholders' equity, for a given scenario.
  • compare investments to determine which is the better one based on the price-earnings ratio, for a given scenario.
  • determine the balance of the Statement of Changes in Shareholders' Equity for a given scenario.

    • Course Number:
    FIN0222