本科会计专业英语教案chapter 5

(本科）会计专业英语教案chapter5(本科）会计专业英语教案chapter5PAGE17PAGE1第页(本科）会计专业英语教案chapter5教学目标知识目标：Appreciatetheadvantagesanddisadvantagesofthecorporateformoforganization;describetheequitytypesinacompanyandtheclassificationofsharesinacompany能力目标：Understandthebasictheoriesandapplytheaccounting素质目标：Applytheaccountingfordifferentequity教学重点ThecorporateformoforganizationEquitytypesinacompanyTheclassificationofsharesinacompanyTheaccountingfordifferentequity教学难点Theaccountingfordifferentequity教学手段结合理论与案例小组讨论教学学时4课时教学内容与教学过程设计注释Chapter5Owners’Equity〖理论知识〗Topic1:FormsofbusinessorganizationSingleproprietorshipsCharacteristicsofsingleproprietorshipThebusinessanditsownerarenotregardedasseparateentities;Theproprietorship'sliabilityisunlimited.AdvantagesanddisadvantagesoftheproprietorshipAproprietorshipitselfisnotsubjecttotaxationofincome;Unlimitedliabilityandlimitationsonsize.Itisnotabletoraiselargeamountofmoney.PartnershipsSignificantfeaturesofaPartnership Easeofformation;Limitedlife;Mutualagency;Unlimitedliabilities;Co-ownershipofpartnershippropertyandprofits.AdvantagesanddisadvantagesofapartnershipThemostimportantadvantageofmostpartnershipsistheopportunitytobringtogethersufficientcapitalandspecializedtalentstocarryonabusiness.Toformapartnershipismucheasierandlessexpensivethantoorganizeacorporation.Thepartnershipitselfdoesnothavetopayincometaxesasdoesacorporation.Limitedlife,unlimitedliability,mutualagency,andlimitedabilitytoraisefunds.CorporationsAdvantagesofthecorporateformoforganization Nopersonalliabilityforstockholders; Easeofaccumulatingcapital;Ownershipsharesarereadilytransferable;Continuousexistence;Professionalmanagement.Disadvantagesofthecorporateformoforganization Heavytaxation;Greaterregulation;Separationofownershipandcontrol.Topic2:EquityincompanyPaid-incapitalPaid-incapitalisanequityaccountrepresentingtheamountofassetsinvestedinthecompanybyitsshareholders.Authorized(orlegal)capitalIssuedcapitalCalled-upcapitalPaid-upcapitalRetainedearningsOtherreservesTopic3:ClassificationofsharesOrdinarysharesPreferencesharesPreferencesharesareshareswhichconfercertainpreferentialrightsontheirholder.Apriorityrightoverordinarystockholderstodividends(dividendsareoftenexpressedasapercentageoftheirparvalue).Apriorityrightoverordinarystockholderstoareturnoftheircapitalwhenthecompanygoesintoliquidation.NorighttovoteTopic4:AccountingfordifferentequityIllustrationofastockholders’equitysectionInthebalancesheetofacorporation,thetermstockholders’equityisusedinsteadofowner’sequity.Statelawsrequirethatthestockholders’equitysectionofacorporatebalancesheetclearlyindicatethesourceoftheowner’sequity.Thetwobasicsourcesofowners’equityare(1)investmentbythestockholders(pain-incapital),and(2)earningsfromprofitableoperationofthebusiness(retainedearnings).Stockholders’equityWhenstockholdersinvestcashorotherassetsinthebusiness,thecorporationissuestotheminexchangesharesofcapitalasevidenceoftheirownership.Inthesimplestcase,capitalinvestedbystockholdersisrecordedinthecorporation’saccountingrecordsbyacredittoanaccountentitledCapitalStock.Thecapitalpaidinbystockholdersisregardedaspermanentcapital,notordinarysubjecttowithdrawal.AuthorizationandissuanceofcapitalstockThearticlesofincorporationspecifythenumberofsharesthatacorporationisauthorizedtoissuebythestateofincorporation.IssuesofcapitalstockthatwillbesoldtothegeneralpublicmustbeapprovedbytheFederalSecuritiesExchangeCommission,aswellasbystateofficials.CommonstocksandpreferredstocksThe“basic”typeofcapitalstockissuedbyeverycorporationisoftencalledcommonstock.Commonstockpossessesthetraditionalrightsofownership-votingrights,participationindividends,andaresidualclaimtoassetsintheeventofliquidation.Whenanyoftheserightsismodified,thetermpreferredstockisusedtodescribetheresultingtypeofcapitalstock.Afewcorporationsissuetwoormoreclassesofpreferredstock,witheachclasshavingdistinctivefeaturesdesignedtoappealtoaparticulartypeofinvestor.DividendsTreasurystockTreasurystockmaybedefinedassharesofacorporation’sowncapitalstockthathavebeenissuedandlaterreacquiredbytheissuingcompany,butthathavenotbeencanceledorpermanentlyretired.Treasurysharesmaybeheldindefinitelyormaybeissuedagainatanytime.Sharesofcapitalstockheldinthetreasuryarenotentitledtoreceivedividends,tovote,ortoshareinassetsupondissolutionofthecompany.〖小结〗1.Abusinessownedbyonepersoniscalledasingleproprietorship.Apartnershipisanunincorporatedbusinessthatisjointlyownedbytwoormorepeople.Partnerships,likesingleproprietorships,arewidelyusedforsmallbusinessesandprofessionalpractices.Acorporationisalegalentityhavinganexistenceseparateanddistinctfromthatofitsowners.2.Theequityofatypicalcompanyissplitintothreemajorcategories:(1)Paid-incapital(alsocalledcontributedcapital);(2)Retainedearnings;(3)Otherreserves.3.Theownersofacompanyarecalledstockholders(alsoshareholders).Eachstockholder,orthestoc