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TOPIC Introduction / Classroom Policies / Groupings UNIT 1 - INTRODUCTION TO PARTNERSHIP AS A BUSINESS ORGANIZATION 1.1 Forms of business organizations 1.

2 Definition and special features of a partnership 1.3 Kinds of partnership and kinds of partners 1.4 Advantages and disadvantages of a partnership UNIT 2 - ACCOUNTING FOR PARTNERSHIP FORMATION 2.1 Opening entries of a partnership upon formation 2.1.1 Organization of a new partnership 2.1.2 Conversion of sole proprietorship(s) into a partnership using new set of books UNIT 3 - ACCOUNTING FOR DIVISION OF PROFITS AND LOSSES 3.1 Methods of dividing profits and losses 3.2 Accounting for interest on capital balances, salary allowance, and bonuses as part of profit distribution 3.3 Preparation of financial statements UNIT 4 - PARTNERSHIP DISSOLUTION WITHOUT LIQUIDATION 4.1 Distinction between dissolution and liquidation 4.2 Accounting for admission of new partner(s) using bonus method 4.3 Withdrawal or retirement of a partner 4.3.1 Purchase of interest by other partners or by an outsider 4.3.2 Settlement of interest by the partnership UNIT 5 - PARTNERSHIP DISSOLUTION WITH LIQUIDATION (General Partnership) 5.1 Introduction to the two kinds of liquidation - lump-sum and installment methods 5.2 Accounting for the liquidation of a general partnership under the lump-sum method 5.2.1 Deficient partner is solvent 5.2.2 Deficient partner is insolvent 5.3 Accounting for the liquidation of a general partnership under the installment method 5.3.1 Preparation of schedule of safe payments UNIT 6 - ACCOUNTING FOR CORPORATE FORMATION AND OPERATION 6.1 Introduction to Corporation 6.1.1 Definition of a corporation 6.1.2 Characteristics of a corporate form of business organization 6.1.3 Distinction between partnership and corporation 6.1.4 Types of corporation

6.1.5 Legal requirements for the formation of a corporation 6.1.6 Definition of terms UNIT 7 ACCOUNTING FOR SHARE CAPITAL TRANSACTIONS 7.1 Accounting for par value shares (journal entry method and memorandum entry method) 7.2 Accounting for preference shares and ordinary shares 7.3 Accounting for no-par value shares 7.4 Incorporating a partnership 7.5 Accounting for delinquent shares 7.6 Accounting for treasury share 7.6.1 Reacquired through purchase 7.6.2 Reacquired through donation (memo entry) 7.6.3 Subsequent sale at cost, below cost, or above cost 7.7 Stockholders Equity presentation contributed capital UNIT 8 - ACCOUNTING FOR ACCUMULATED PROFIT/LOSS (RETAINED EARNINGS) 8.1 Definition of Retained Earnings 8.2 Appropriations from Retained Earnings for legal, contractual or voluntary reasons 8.3 Kinds of dividends 8.4 Accounting for Cash and Bonus Issue - upon declaration and distribution dividends 8.5 Preparation of Stockholders Equity UNIT 9 SPECIAL TOPICS 9.1 Book Value Per Share 9.2 Basic Earnings Per Share

TOPIC Introduction / Classroom Policies / Groupings UNIT 1 - INTRODUCTION TO PARTNERSHIP AS A BUSINESS ORGANIZATION 1.1 Forms of business organizations 1.2 Definition and special features of a partnership 1.3 Kinds of partnership and kinds of partners (only 2 kinds) 1.4 Advantages and disadvantages of a partnership UNIT 2 - ACCOUNTING FOR PARTNERSHIP FORMATION 2.1 Opening entries of a partnership upon formation 2.1.1 Organization of a new partnership 2.1.2 Conversion of sole proprietorship(s) into a partnership using new set of books UNIT 3 - ACCOUNTING FOR DIVISION OF PROFITS AND LOSSES 3.1 Methods of dividing profits and losses 3.2 Accounting for interest on capital balances, salary allowance, and bonuses as part of profit distribution 3.3 Preparation of financial statements UNIT 4 - PARTNERSHIP DISSOLUTION WITHOUT LIQUIDATION 4.1 Distinction between dissolution and liquidation 4.2 Accounting for admission of new partner(s) 4.2.1 Goodwill to new and/or old partner(s) 4.2.2 Bonus to new or old partner(s) 4.2.3 Combination of goodwill and bonus 4.3 Withdrawal or retirement of a partner 4.3.1 Purchase of interest by other partners or by an outsider 4.3.2 Settlement of interest by the partnership UNIT 5 - PARTNERSHIP DISSOLUTION WITH LIQUIDATION (General Partnership) 5.1 Introduction to the two kinds of liquidation - lump-sum and installment methods 5.2 Accounting for the liquidation of a general partnership under the lump-sum method 5.2.1 Deficient partner is solvent 5.2.2 Deficient partner is insolvent 5.3 Accounting for the liquidation of a general partnership under the installment method 5.3.1 Preparation of schedule of safe payments UNIT 6 - ACCOUNTING FOR CORPORATE FORMATION AND OPERATION

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6.1 Introduction to Corporation 6.1.1 Definition of a corporation 6.1.2 Characteristics of a corporate form of business organization 6.1.3 Distinction between partnership and corporation 6.1.4 Types of corporation 6.1.5 Legal requirements for the formation of a corporation 6.1.6 Definition of terms UNIT 7 - ACCOUNTING FOR SHARE CAPITAL TRANSACTIONS 7.1 Accounting for par value stocks (journal entry method and memorandum entry method) 7.2 Accounting for preferred stock and common stock/preference shares and ordinary shares 7.3 Accounting for no-par value stock 7.4 Incorporating a partnership 7.5 Accounting for delinquent stocks (short method) 7.6 Accounting for treasury stock (cost method) 7.6.1 Reacquired through purchase 7.6.2 Reacquired through donation (memo entry) 7.6.3 Subsequent sale at cost, below cost, or above cost 7.7 Stockholders Equity presentation contributed capital UNIT 8 - ACCOUNTING FOR ACCUMULATED PROFIT/LOSS (RETAINED EARNINGS) 8.1 Definition of Retained Earnings 8.2 Appropriations from Retained Earnings for legal, contractual or voluntary reasons 8.3 Kinds of dividends 8.4 Accounting for Cash and Stock Dividends - upon declaration and distribution 8.5 Preparation of Stockholders Equity

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UNIT 9 SPECIAL TOPICS 9.1 Book Value Per Share 9.1.1 Common Stock 9.1.2 Preferred Stock 9.2 Basic Earnings Per Share

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