《会计学》课程PPT教学课件（讲稿）CHAP 11 Corporations

Slide 11 Chapter 1 Stockholders? Equity: Paid-in Capital Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc,, 1999

?The McGraw-Hill Companies, Inc., 1999 Slide 11-1 Irwin/McGraw-Hill Chapter 11 Stockholders?Equity: Paid-in Capital

Slide 11-2 Corporations An entity created by law Privately, or Existence is separate from Ownership Closely, Held owners can be Q°0 0 Has rights and prIvileges. Publicly Held Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999

?The McGraw-Hill Companies, Inc., 1999 Slide 11-2 Irwin/McGraw-Hill Corporations Existence is separate from owners. An entity created by law. Has rights and privileges. Privately, or Closely, Held Publicly Held Ownership can be

Slide 11-3 Why Businesses Incorporate Stockholders have no personal liability Transferability of Privately, or ownership. Closely Held Professional Q°0 0 management. Continuity of existence Publicly Held Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999

?The McGraw-Hill Companies, Inc., 1999 Slide 11-3 Irwin/McGraw-Hill Why Businesses Incorporate Stockholders have no personal liability. Privately, or Closely Held Publicly Held Transferability of ownership. Professional management. Continuity of existence

Slide I Publicly Owned Corporations face Different rules Disclose financial information Financial statements prepared in accordance with GAAP CPAs must audit the financial 4R飞 statements III Must comply with federal securities laws Must submit financial information for sec review Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999

?The McGraw-Hill Companies, Inc., 1999 Slide 11-4 Irwin/McGraw-Hill Disclose financial information. Financial statements prepared in accordance with GAAP. CPAs must audit the financial statements. Must comply with federal securities laws. Must submit financial information for SEC review. Publicly Owned Corporations face Different Rules

Slide 11-5 Rights of stockholders Voting (in person or by proxy) 0 Proportionate Rignts distribution of dividends Proportionate Stockholders distribution of assets in a liquidation Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999

?The McGraw-Hill Companies, Inc., 1999 Slide 11-5 Irwin/McGraw-Hill Rights of Stockholders Stockholders Rights Voting (in person or by proxy). Proportionate distribution of dividends. Proportionate distribution of assets in a liquidation

Slide 11-6 Rights of stockholders Corporate Organization Chart Stockholders Ultimate Stockholders usually meet control once a vear Board of directors President Secretary Treasurer ControllerOther Vice Presidents Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999

?The McGraw-Hill Companies, Inc., 1999 Slide 11-6 Irwin/McGraw-Hill Rights of Stockholders Ultimate control Stockholders usually meet once a year. Corporate Organization Chart Secretary Treasurer Controller Other Vice Presidents President Board of Directors Stockholders

Slide Rights of stockholders Corporate Organization Chart Stoc holder ledgers are often Stockholders maintained by a stock transfer agent or stock Board of directors registrar President Secretary Treasurer ControllerOther Vice Presidents Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999

?The McGraw-Hill Companies, Inc., 1999 Slide 11-7 Irwin/McGraw-Hill Rights of Stockholders Stockholder ledgers are often maintained by a stock transfer agent or stock registrar. Corporate Organization Chart Secretary Treasurer Controller Other Vice Presidents President Board of Directors Stockholders

Slide 11-8 Rights of stockholders Each unit of ownership is called a share of s stock AMER EIN TELEHHONE AND TELEGRAPH COMPANY A stock 25·30c5 certificate serves liagnnvfH as proof that a stoc holder has 请N》新 purchased 79L shares 长心六 Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999

?The McGraw-Hill Companies, Inc., 1999 Slide 11-8 Irwin/McGraw-Hill Each unit of ownership is called a share of stock. A stock certificate serves as proof that a stockholder has purchased shares. Rights of Stockholders

Slide 11-9 Rights of stockholders When the stock is sold the s stockholder signs a transter AMER EIN TELEHHONE AND TELEGRAPH COMPANY endorsement on 25·30c5 the back of the liagnnvfH stock certificate 请N》新 79L 长心六 Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999

?The McGraw-Hill Companies, Inc., 1999 Slide 11-9 Irwin/McGraw-Hill When the stock is sold, the stockholder signs a transfer endorsement on the back of the stock certificate. Rights of Stockholders

Slide 11-10 Functions of the board of directors Corporate Organization Chart Stockholders Overall Selected by a vote of the responsibility Board of directors stockholders for managing the company. President Secretary Treasurer ControllerOther Vice Presidents Irwin/McGraw-Hill ?The McGraw-Hill Companies, Inc., 1999

?The McGraw-Hill Companies, Inc., 1999 Slide 11-10 Irwin/McGraw-Hill Functions of the Board of Directors Overall responsibility for managing the company. Selected by a vote of the stockholders Corporate Organization Chart Secretary Treasurer Controller Other Vice Presidents President Board of Directors Stockholders