Unit2FormsofbusinessOrgonization程序.ppt

Chapter 2 Forms of Business Organization Vocabulary Proprietorship n. 所有权 Proprietor 所有人，业主， Sole proprietorship 个人企业，独资企业 Sole adj.单独的, 惟一的, 仅有的 the sole reason Partnership 合伙关系，合伙企业 Corporation 法人，公司 Vocabulary Credit arrangement 信贷安排 Documentation n.文件,文件的提供 Insolvent a./n. 破产的（人） They lost orders and were insolvent within weeks. 他们失去了订货,几周后就无法偿还债务。 Financial performance 财务业绩 Profitability n. 获利状况，利润率 Profit n. 利润 Profitable adj.有利可图的,赢利的 ; 有益的,有好处的 That business became profitable last year. 那项生意去年变得很赚钱。 Vocabulary Equity n. 普通股 Owner’s equity Capital n. 资金 Managerial adj.管理的 Claim n. 要求，所有权 V. 声称, 断言 They claim to have discovered a cure for the disease. 他们声称已经发现了治疗此病的一种药物。 Vocabulary Liability n. 责任，义务,负债 General partnership 普通合伙 limited partnership 有限合伙 limited company Ltd. Agreement 协定，协议 Vocabulary Provision n. 规定，条款 Partner n. 股东，合伙人 Dividend n.股息，红利 Vice president 副总裁 Controller n. 控制者，管理者 Vocabulary Treasurer n.财务主管 Treasure n.珍宝, 贵重物品, 宝物, 珍品 Liquidation n. 清算，停业清产 Liquid Mutual agency 相互，代理 mutual benefit 互惠 Mutual understanding 互相谅解 Forms of Business Organization Question: 1. What are the three basic forms of business? 2. How to define the three forms of business? 2. What is the major difference between the partnership and corporation? Forms of Business Organization Accountants need to understand the three basic forms of business organization: sole proprietorships, partnerships, and corporations. Accountants should recognize each form as an economic unit separate from its owners, although legally only the corporation is considered separate from its owners. Sole Proprietorship A business owned by one person is called a sole proprietorship or a single proprietorship. The sole proprietorship is a popular and frequent used form of business organization. The sole proprietorship is prevalent in the retail industry, handcrafts, agriculture, forestry, fishery, and other service and family worksho