Accounting for Corporations - Financial Accounting
Demystifying Corporate Accounting: An In-depth Exploration of Financial Transactions in CorporationsWhat you'll learn
- Analyze the differences and similarities between corporations and other business entities such as partnerships and sole proprietorships.
- Evaluate the financial transactions related to the issuing of corporate stock for both cash and non-cash assets.
- Apply the accounting principles to record transactions related to cash dividends and stock dividends.
- Explain the concept, accounting implications, and the reasons for issuing or acquiring preferred stock.
- Compare and contrast treasury stock with preferred and common stock.
- Interpret the equity section of the financial statements, specifically the Statement of Stockholders’ Equity and the Statement of Retained Earnings.
- Demonstrate understanding of the corporate closing process in comparison to that of partnerships and sole proprietorships.
- Calculate earnings per share and articulate its significance.
- Create accounting solutions using Excel for various corporate accounting scenarios.
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