Accounting for Corporations - Financial Accounting

Explore the intricacies of corporate accounting and discover what sets it apart from financial accounting for businesses like sole proprietorships and partnerships. This course provides a comprehensive understanding of the unique aspects of corporate finance.

We begin with a foundational overview of the corporate entity: its characteristics and the reasons for choosing this business structure. Gain a clear understanding of the key differences between corporations, partnerships, and sole proprietorships.

Master the financial transactions involved in issuing stock for corporations – both with cash and non-cash assets. Learn to account for dividends, including both cash and stock dividends.

Delve into preferred stock: understand its purpose, accounting treatment, and the motivations for corporations to issue it and investors to acquire it. Compare and contrast treasury stock with preferred and common stock.

Analyze the equity section of financial statements, specifically the Statement of Stockholders’ Equity and the Statement of Retained Earnings, and understand how they differ in a corporate setting.

Understand the corporate closing process and compare it to the closing processes of partnerships and sole proprietorships. Learn to calculate and interpret earnings per share (EPS) – a critical metric for corporate performance.

Valuable Learning Resources:

• Downloadable PDF Files: Access offline reference materials for convenient study.
• Excel Practice Files: Pre-formatted Excel files to practice adjusting entries and learn basic Excel skills (addition, subtraction, cell relationships).
• Multiple-Choice Example Questions: Sharpen your test-taking skills with practice questions mirroring exam formats.
• Short Calculation Questions: Develop problem-solving abilities with concise numerical exercises.

Engaging Learning Experience:

Participate in discussion questions to exchange perspectives and deepen your understanding of key concepts.

Expert Instruction:

Learn from a seasoned professional – a Certified Public Accountant (CPA) and Chartered Global Management Accountant (CGMA) with a Master of Science in Taxation. The instructor's experience as a Certified Post-Secondary Instructor (CPS) and Curriculum Development Expert ensures effective teaching and a thorough grasp of the subject matter.

Who Should Take This Course?

This course is ideal for:

• Accounting students seeking a deeper understanding of corporate finance.
• Entrepreneurs considering a corporate business structure.
• Accounting professionals looking to enhance their skills in corporate accounting.

Join us and gain valuable insights into the world of corporate accounting!