财务会计英语ppt课件.ppt

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1、Chapter13PartnershipsandLimitedLiabilityCorporationsAccounting,21stEditionWarrenReeveFessPowerPointPresentationbyDouglasCloudProfessorEmeritusofAccountingPepperdineUniversity©Copyright2004South-Western,adivisionofThomsonLearning.Allrightsreserved.TaskForceIma

2、geGalleryclipartincludedinthiselectronicpresentationisusedwiththepermissionofNVTechInc.Someoftheactionhasbeenautomated,soclickthemousewhenyouseethislightningboltinthelowerright-handcornerofthescreen.Youcanpointandclickanywhereonthescreen.1.Describethebasicchar

3、acteristicsofproprietorships,corporations,partnerships,andlimitedliabilitycorporation.2.Describeandillustratetheequityreportingforproprietorships,corporations,partnerships,andlimitedliabilitycorporations.3.Describeandillustratetheaccountingforformingapartnersh

4、ip.ObjectivesAfterstudyingthischapter,youshouldbeableto:4.Describeandillustratetheaccountingfordividingthenetincomeandnetlossofapartnership.Objectives5.Describeandillustratetheaccountingforthedissolutionofapartnership.6.Describeandillustratetheaccountingforliq

5、uidationofapartnership.7.Describethelifecycleofabusiness,includingtheroleofventurecapitalists,initialpublicofferings,andunderwriters.AlternativeFormsofBusinessEntitiesAdvantagesEaseinorganizingLowcostoforganizingDisadvantagesDifficultyinraisinglargeamountsofca

6、pitalUnlimitedliabilityJoe’sReviewofChapter1Aproprietorshipisownedbyoneindividual.AlternativeFormsofBusinessEntitiesAcorporationisorganizedunderstateorfederalstatutesasaseparatelegalentity.AdvantagesTheabilitytoobtainlargeamountsofresourcesbyissuingstocksLimit

7、edliabilityfortheownersDisadvantagesDoubletaxationMorecomplexityandregulationsJ&M,Inc.AlternativeFormsofBusinessEntitiesJ&M,Inc.AbusinessmayorganizeasanSCorporation.TheIRSallowsincometopassthroughtheSCorporationtotheindividualstockholderwithoutthecorporationha

8、vingtopaytaxontheincome.AlternativeFormsofBusinessEntitiesApartnershipisanassociationoftwoormoreindividuals.AdvantagesMorefinancialresourcesthanaproprietorshipAdditionalmanagements