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Ch 12: Corporate Accounting

About This Chapter

Differentiate corporate accounting from other forms of accounting by reading through the materials within this chapter. Establish how well you have learned the corporate accounting concepts by answering quiz questions.

Corporate Accounting - Chapter Summary and Learning Objectives

Unlike other types of accounting, corporate accounting provides unique challenges for financial professionals. Besides typical accounting projections, corporate accountants must consider department spending, audits, budget preparation, and corporate goal assessment. The lessons in this chapter delve into the concept of corporate accounting. Major terminology is covered within each lesson, allowing you to master keywords and topics with ease. Upon completing this chapter, you will have gained a deeper knowledge about the following:

  • Tenets of corporate accounting
  • Effects of retained earnings and dividend distribution
  • Processes and benefits of capital gains treatments
  • Corporate budget preparation procedures

Lesson Objective
Corporate Accounting: Definition & Principles Analyze the concept of corporate accounting, how accounting changes based on business type, and accepted corporate accounting principles.
Impact of Dividend Distribution on Retained Earnings Illustrate the definition of a dividend, connect retained earnings with dividends, evaluate the five types of dividends, and outline the differences between journal entries for each dividend type.
Capital Gains Treatments: Definition & Advantages Explain definitions for capital gains treatments and capital gains, compare the differences between capital gains and ordinary income, appraise the different types of assets and how some are eligible for capital gains treatments, and rate the benefits of capital gains treatments.
How to Prepare a Budget for a Corporation Illustrate the budget preparation process, then offer examples of the various factors corporations must consider during this process.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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