1.16-18 - Today's Topics Financial Accounting Information...

Info icon This preview shows pages 1–6. Sign up to view the full content.

View Full Document Right Arrow Icon
Today’s Topics PLEASE TURN OFF CELL PHONES Financial Accounting Information for investor decision-making in accountability situations This class will: Describe investor decision-making Describe the source and use of financial accounting Define accountability
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
A  Sole Proprietorship   is owned by a single individual. A  Partnership is owned by two or more individuals. Partnerships require clear agreements about authority, risks, and the sharing of profits  and losses. A  Corporation is a  separate legal entity created by the authority of a state government. Each state has separate laws governing establishing corporations. Fig. 6 Types of Business Organizations
Image of page 2
Fig 7 Regulation of Business Organizations Few laws govern the operations of proprietorships and partnerships. Corporations are subject to regulations. Large, publicly traded corporations are much more heavily regulated than smaller closely held corporations.  SEC Acts of 1933 and 1934  Sarbanes-Oxley Act of 2002  Exchange listing requirements. 
Image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Corporate Advantages Separate legal Entity Limited liability of stockholders Continuous life Easily transferable ownership rights Ability to raise capital Fig 8 Comparison of Business Organizations Corporate Disadvantages Governmental regulation Corporate double taxation
Image of page 4
V i c e P r e s i d e n t ( P r o d u c t i o n ) V i c e P r e s i d e n t ( M a r k e t i n g ) V i c e P r e s i d e n t ( F i n a n c e ) V i c e P r e s i d e n
Image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 6
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern