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Popular Accounting Topics

Accounting for Merchandising Activities
Debits and Credits (Double Entry Accounting)
Time Value of Money & Present/Future Values
Complex Debt & Equity Instruments
Common Stock & Shareholder's Equity
Accounting & Finance Ratios
Valuing Common Stock
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Lower of Cost or Market (LCM) & Inventory Valuation
Chart of Accounts & Bookkeeping
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A business that is a separate legal entity under provincial or federal laws with owners that are called shareholders.

• the only type of business recognized legally as separate from its owners (owners are not personally responsible for debts).

• limited liability - you can only lose what you have invested in the business.

• owners are shareholders and hold transferable shares of capital stock (the stock can be sold).

• most large businesses are organized as corporations.

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