General description
This course complements what had been started in the Accounting in partnership companies course. This course aims to introduce the student to the nature of corporations and their characteristics which distinguish it from partnership companies, and the types of corporations, with a focus on joint-stock companies. The student will know the accounting treatment for the operations of establishing joint-stock companies and the issuance of shares, with the ability to distinguish between the different types of shares which are issued by joint-stock companies and the values of these shares; then the student will study the accounting treatment for subsequent amendments of capital by increasing or decreasing that capital; then will discuss the determinants and procedures for distributing profits and losses in joint-stock companies, and how to account the earnings per share. In the end the student will know the accounting treatment for liquidating joint-stock companies.