ACCG101 Lecture Notes - Lecture 6: Share Capital, Australian Company Number, Call Money
Companies – Part I (Ch. 16)
ACCG101 – Week 6
2015 Session 1 – Stanley & Rajni
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Learning Objectives
1. describe the different types of companies permitted to exist by law
in the Australian business environment
2. summarise the advantages and disadvantages of the corporate
form of organisation (pp. 668–72)
3. identify the management structure commonly used for
administering a company (pp. 672–5)
4. describe the three main categories of equity in a company (pp.
675–7)
5. account for the issue of shares (pp. 677–85)
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COMPANIES
•A company is defined in the Corporations Act (2001) as
a legal entity or artificial person separate and distinct
from its owners.
•The administration of all companies is carried out by the
Australian Securities and Investments Commission
(ASIC).
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Document Summary
Learning objectives: describe the different types of companies permitted to exist by law in the australian business environment, summarise the advantages and disadvantages of the corporate. 668 72) identify the management structure commonly used for administering a company (pp. 672 5: describe the three main categories of equity in a company (pp. 675 7: account for the issue of shares (pp. Companies: a company is defined in the corporations act (2001) as a legal entity or artificial person separate and distinct from its owners, the administration of all companies is carried out by the. Securities and investments commission (asic: application has to be lodged with the australian, the new company is given an australian company, the corporations act includes a number of basic rules. Number and a certificate of registration for managing companies. A company can accept these rules or replace all or any of them with a company constitution, which regulates its internal management.