Accounting for Corporations - Financial Accounting

Demystifying Corporate Accounting: An In-depth Exploration of Financial Transactions in Corporations

4.70 (298 reviews)
Udemy
platform
English
language
Other
category
53,696
students
12 hours
content
Jul 2018
last update
$69.99
regular price

What you will 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.

Description

This course is designed to introduce and elaborate on the elements of corporate accounting that set it apart from financial accounting for other business entities such as sole proprietorships or partnerships.

Our journey begins with an overview of the corporate entity, its characteristics, and the rationale for choosing this form of business. We will provide you with a thorough understanding of the stark contrasts and similarities between corporations, partnerships, and sole proprietorships.

As we delve into the intricacies of issuing stock for corporations, you will learn about the financial transactions related to issuing stock for both cash and non-cash assets. With a focus on dividends, you will gain insight into the different types, specifically cash and stock dividends, and learn how to account for these transactions.

One of the key components we will explore is preferred stock. You will understand what it is, how to account for it, and the reasons why a corporation might choose to issue, or an investor might decide to acquire it. We will discuss treasury stock, another important concept, where you will learn to compare and contrast it with preferred and common stock.

Further along the course, you will discover the equity section of financial statements. Here we will dissect the Statement of Stockholders’ Equity and the Statement of Retained Earnings, helping you to understand the unique aspects of a corporation's financial statement compared to other business entities.

Our detailed discussion on the corporate closing process will provide a comparative view with that of partnerships and sole proprietorships. Understanding the calculation and significance of earnings per share is another crucial aspect that this course covers.

A unique aspect of this course is the vast array of learning resources available to you. We have incorporated downloadable PDF Files which provide offline reference information. You will have access to Excel Practice Files that are preformatted, helping you to not only focus on the adjusting process but also to learn some of the basics of Excel such as addition, subtraction, and cell relationships.

To boost your test-taking skills, we have prepared multiple-choice example questions. These reduce the information to the size and format of multiple-choice questions while providing insights on how to approach them. For those interested in numerical problem-solving, we have short calculation questions that break down problems into a short format that could be used in multiple choice questions.

Lastly, this course promotes engagement with other students through discussion questions. These provide an opportunity to discuss topics from different viewpoints, an approach that many students find very helpful.

The instructor leading you through this journey is a seasoned professional, a practicing Certified Public Accountant (CPA) and a Chartered Global Management Accountant (CGMA) with a Master of Science in Taxation. As a Certified Post-Secondary Instructor (CPS) and a Curriculum Development Expert, the instructor has rich experience teaching many accounting classes and working with students in the fields of accounting, business, and business applications. This blend of technical expertise and teaching experience ensures that you are learning from a well-rounded professional who knows the subject matter and understands how to teach it effectively.

Whether you're an accounting student, a budding entrepreneur considering a corporate entity, or an accounting professional seeking to upskill, this course will provide you with valuable insights and knowledge in the field of corporate accounting. We look forward to having you join us on this journey.

Content

Introduction

Introduction
PDF - 10 Corporation Introduction
10 Corporation Introduction
10 Multiple Choice Questions - Corporations
Accounting Comic Break 1

Issuing Common Stock for Cash

2 Issuing Common Stock for Cash
PDF - 20 Issuing Stock for Cash
20 Stock for Cash
Excel Download
Worksheet - 20 Issuing Stock for Cash
20 Multiple Choice Questions - Corporations
Accounting Comic Break 2

Issuing Common stock for Non-Cash

3 Issuing Common Stock for Non-Cash
PDF - 30 Issuing Stock for Non Cash Assets
30 Issuing Stock for Non-Cash Asset
Excel Download
Worksheet - 30 Issuing Stock for Non Cash Assets
30 Multiple Choice Questions - Corporations
Accounting Comic Break 3

Cash Dividends

4 Cash Dividends
PDF - 40 Dividends
40 Dividends Overview
PDF - 45 Cash Dividends
45 Cash Dividends
Excel Download
Worksheet - 45 Cash Dividends
40 Multiple Choice Questions - Corporations
Accounting Comic Break 4

Stock Dividends

5 Stock Dividends
PDF - 50 Stock Dividends & Stock Split
50 Stock Dividends & Stock Split
Excel Download
Worksheet - 55 Stock Dividends
50 Multiple Choice Questions - Corporations
Accounting Comic Break 5

Preferred Stock

6 Preferred Stock
PDF - 60 Preferred Stock Introduction
60 Preferred Stock Introduction
PDF - 65 Preferred Stock Example
65 Preferred Stock Example
Excel Download
Worksheet - 65 Preferred Stock
60 Multiple Choice Questions - Corporations
Short Calculation 1
Accounting Comic Break 6

Treasury Stock

7 Treasury Stock
PDF - 70 Treasury Stock
70 Treasury Stock
Excel Download
Worksheet - 70 Treasury Stock Part 1%2C how to calculate-Accounting%2C Financial
Worksheet - 70 Treasury Stock Part 2%2C how to calculate-Accounting%2C Financial

Statement of Stockholders’ Equity & Retained Earnings

8 Statement of Stockholders' Equity & Retained Earnings
PDF - 80 Statement of Retained Earnings
80 Statement of Retained Earnings
Excel Download
Worksheet - 80 Statement of Retained Earnings
PDF - 90 Statement of Stockholders' Equity
90 Corporations Statement of Stockholders Equity
Excel Download
Worksheet - 90 Statement of Stockholders' Equity
Short Calculation 2
70 Multiple Choice Questions - Corporations
Accounting Comic Break 8
Accounting Comic Break 9

Closing Process - Corporation

9 Closings Process Corporations
PDF - 95 Closing Process - Corporation
95 Corporation Closing Process
Excel Download
Worksheet - 95 Closing Process - Corporations

Earnings Per Share

10 Earning Per Share
PDF - 100 Earning Per Share
100 Corporations Earning Per Share
Excel Download
Worksheet - 100 Earning Per Share
80 Multiple Choice Questions - Corporations
Accounting Comic Break 10

Comprehensive Problem

11 Comprehensive Problem
Excel Download
1 Accounting%2C Financial - Comp Problem Merchandising Co Journal Entries Part 1
2 Accounting%2C Financial - Comp Problem Merchandising Co Journal Entries Part 2
3.5 Accounting%2C Financial - Comp Problem Merchandising Co Journal Entries Part
4 Accounting%2C Financial - Comp Problem Merchandising Co %282%29. Journal Entri
5 Accounting%2C Financial - Comp Problem Merchandising Co. Journal Entries Part
6 Comp Problem Merchandising Co. Adjusting Entries Part 6
7 Accounting%2C Financial - Comp Problem Merchandising Co. Adjusting Entries Par
8 Accounting%2C Financial - Comp Problem Merchandising Co. Financial Statements
9 Accounting%2C Financial - Comp Problem Merchandising Co. Financial Statements
10 Accounting%2C Financial - Comp Problem Merchandising Co. Financial Statements
11 Accounting%2C Financial - Comp Problem Merchandising Co. Financial Statements
12 Accounting%2C Financial - Comp Problem Merchandising Co. Closing Entries Part
13 Accounting%2C Financial - Comp Problem Merchandising Co. Closing Entries Part

Screenshots

Accounting for Corporations - Financial Accounting - Screenshot_01Accounting for Corporations - Financial Accounting - Screenshot_02Accounting for Corporations - Financial Accounting - Screenshot_03Accounting for Corporations - Financial Accounting - Screenshot_04

Reviews

Dana
June 7, 2023
Thank you so much, I learned a lot of things especially about the Accounting for Corporations. This course is a big help.
John
May 25, 2023
It would be better if they put the said content in full in written form so students could find every definition . Although it was hard to fin some explanations, but it was good for pdfs and excel work sheets . Thank you
Kathleen
March 24, 2023
I love Bob's clear presentation style - I really enjoy all Bob's courses! Thanks very much for making these courses available, Bob
Precious
March 27, 2022
A very detailed course in deed, It is more of practicality especially to those working with corporate clients for investment banking or structured finance.
Awais
April 27, 2021
yes i liked the course Basically, I didn't know this information but this teacher teach me well I'm fully satisfied Thank you

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1779322
udemy ID
7/3/2018
course created date
3/29/2020
course indexed date
Angelcrc Seven
course submited by