财务会计教学.ppt

财务会计教学.ppt

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2Lecture1ShareholdersEquity（Part1）3COMMONWEALTHOFAUSTRALIACOPYRIGHTREGULATIONS1969WARNINGThismaterialhasbeencopiedandcommunicatedtoyoubyoronbehalfofCurtinUniversityofTechnologypursuanttoPartVAoftheCopyrightAct1968（theAct）ThematerialinthiscommunicationmaybesubjecttocopyrightundertheAct.AnyfurthercopyingorcommunicationofthismaterialbyyoumaybethesubjectofcopyrightprotectionundertheAct.Donotremovethisnotice4ObjectivesDistinguishbetweendifferentformsofcorporateentities.Distinguishbetweendifferenttypeofshares.Accountforshareissuesfullypayableonapplicationandbyinstallments.Accountforoversubscriptions.Accountforshareforfeitureandreissue.5TypesofcompaniesListedvsunlistedLimited,unlimited,vsno-liabilityPubliccompaniesOwnershipiswidelyspreadManycompanylawprovisionsaredirectedatpubliccompaniesProprietarycompaniesLimitedmembershipRestrictionsonraisingfundsLargevssmalldistinctioniscommon6KeyfeaturesofthecorporatestructureAcompanyisalegalentityLimitedliabilitySharecapitalledgeraccountreflectsthecompanysownershipEachsharerepresentsaproportionalrighttothecompanysnetassetsCompaniescanissuedifferenttypesofsharese.g.ordinaryorpreferenceshares7TypesofsharesOrdinaryshares:

Mostbasicandcommontype.Paymentofdividendsrankafterpreferenceshareholders.Preferenceshares:

Preferentialastothepaymentofdividendsand/orastoareturnofcapitalinawinding-up.Holdersareentitledtoafixedannualrateofdividend.Accountingentriesarethesameinbothissuesordinaryandpreference.8IssueofpubliccompanysharesAprospectusisrequiredforapublicissue.Minimumsubscriptionmayberequired.Issuecanbeunderwritten.Shareissuecostsaretreatedasareductioninsharecapital（DrShareissuecosts）.Whatiftheissueisoversubscribed?

Sharesissuedmayhaveaparvalueornoparvalue.9AccountingforshareissuesNoaccountingentriesarepreparedwhentheinvitationtosubscribeismadeAccountingcommencesonreceiptofapplicationformsandmoniesAccountsinvolved:

CashTrust（formoniesreceivedbeforesharesareissued/allotted）ApplicationShareCapitalCall（ifpayableby2ormoreinstalments）CashCallsinAdvance10ReceiptofapplicationmoniesOnreceiptofapplicationmonies:

CashtrustDryApplicationCry（Moniesreceived$xpershare）Beforeissue/allotmentofshares:

Applicationaccountisaliability.Applicationmoniesreceivedbeforesharesareissuedmustbeheldinaseparatetrustaccount.Ifaminimumsubscriptionlevelhasbeensetandisnotreached:

Applicationmoniesmustberefundedbyreversingtheaboveentry.11AllotmentofsharesIfaminimumsubscriptionhasbeensetandreached,thedirectorsallottheshares.ApplicationDrySharecapitalCry（No.sharesxapplicationamountpershare）Thesharecapitalaccountrecordstheequitycontributedbyshareholders.12AllotmentofsharesAfterallotmentthefollowingentriesmayberequired:

1.Refundtounsuccessfulapplicants:

ApplicationDryCashtrustCry（Refundtounsuccessfulapplicants）2.Transferofexcessapplicationmonies:

ApplicationDryCallsinadvanceCry（Transferofexcessapplicationmonies）3.Transfercashtocompanysbankaccount:

CashDryCashtrustCry（Transferofcashfromcashtrustaccount）13Issueofsharesfullypayableonapplication20081MarXYLtdissuedaprospectusinvitingsubscriptionfor200,000ordinarysharesatanissuepriceof$1.50each,payableinfullonapplication.31MarApplicationsclosedand200,000shareswerereceived.14AprDirectorsallottedtheshares.Required:

Preparethejournalentriestorecordtheshareissue.14Issueofsharesfullypayableonapplication200831MarCashtrustDr300,000ApplicationCr300,000（moneyreceivedonapplicationheldintrust）（Applicationaccountisaliabilitybeforeallotmentofshares.）14AprApplicationDr300,000SharecapitalCr300,000（allotmentof200,000shares）CashDr300,000CashtrustCr300,000（transferofcashfromtrustaccounttonormalbankaccount）15CallentriesOnlymadeifsharesarepayablebyinstalments1.Makecall:

CallDrySharecapitalCry（Callof$xpersharexno.shares）2.Transferrelevantamountofcallsinadvance:

CallsinadvanceDryCallCry（Transferofcallsinadvance）3.Receiptofcallmonies:

CashDryCallCry（Receiptofcallmonies）16Issueofsharespayablebyinstalments20081MarXYLtdissuedaprospectusinvitingsubscriptionfor200,000ordinarysharesatanissuepriceof$1.50each,payable$1.30onapplicationand20cinafuturecall.31MarApplicationsclosedand200,000shareswerereceived.14AprDirectorsallottedtheshares.200924MayCallof20cpersharewasmade.Allcallmoneywasreceivedby1June.Required:

Preparethejournalentriestorecordtheshareissue.17Issueofsharespayablebyinstalments200831MarCashtrustDr260,000ApplicationCr260,000（moneyreceivedonapplicationheldintrust）14AprApplicationDr260,000Sharecapit