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via Udemy |
Go to Course: https://www.udemy.com/course/issue-forfeiture-reissue-of-share/
Certainly! Here's an informative and comprehensive review and recommendation for the Coursera course titled "Issue, Forfeiture and Reissue of Share": --- ### Course Review and Recommendation: "Issue, Forfeiture and Reissue of Share" on Coursera **Overview:** This course offers an in-depth understanding of the crucial aspects of issuing, forfeiting, and reissuing shares within a company's financial and legal framework. It covers fundamental concepts such as share issuance, types of share issue prices (at par, premium, and discount), accounting entries, and the legal restrictions involved in the process. The course is ideal for students, professionals, and entrepreneurs who wish to deepen their knowledge of corporate finance and shareholder management. **Content Breakdown:** 1. **Meaning of Share & Issue Price of Shares** - At par - At premium - At discount 2. **Share issued at Premium** - Profit nature, credited to the share premium account - No maximum limit 3. **Share issued at a Discount** - Loss nature, debited to profit and loss account - Limit of 10% of face value - Treatment in the balance sheet 4. **Legal Restrictions** - Prohibition on issuing shares at a discount - Issue of shares in installments and related journal entries 5. **Calls and Arrears** - Calls in arrear - Interest on calls in arrear and calls in advance 6. **Special Types of Share Issues** - Issue at security premium - Issue for consideration other than cash (asset purchase, business acquisition) - Issue to promoters and underwriters 7. **Forfeiture and Re-issue of Shares** - Basic procedures and journal entries - Partial re-issue and pro-rata allotments - Calculation of calls in arrears **Strengths:** - **Comprehensive Coverage:** The course covers both theoretical principles and practical accounting entries related to shares. - **Focused Content:** Clear explanations for complex topics like issue at premium, discount, forfeiture, and reissue. - **Practical Illustrations:** Includes numerous journal entries and examples that aid understanding. - **Legal and Ethical Aspects:** Highlights legal restrictions, particularly the prohibition of issuing shares at a discount, which is vital for compliance. - **Interest & Installment Management:** Explains the treatment of calls in arrear and advance, including interest calculations. **Weaknesses:** - **Syllabus Unspecified:** The course does not specify a detailed syllabus or prerequisites. - **Lacks Interactive Content:** Possibly limited in assessments or quizzes to test understanding. - **Advanced Topics:** Might require prior knowledge of basic accounting principles for maximum benefit. **Recommendation:** This course is highly recommended for accounting students, company secretaries, financial analysts, and company managers. Its detailed approach to share issues, forfeiture, and reissue procedures provides essential knowledge for anyone involved in corporate finance or compliance. For those looking to strengthen their practical understanding of share transactions and related accounting entries, this course offers valuable insights. **Final Verdict:** If you are seeking a structured, detailed course that bridges theoretical knowledge with practical applications in share management, "Issue, Forfeiture and Reissue of Share" on Coursera is a valuable resource. It can significantly enhance your understanding of corporate share operations and ensure you stay compliant with legal standards. --- Should you need a more tailored review or assistance in enrolling or navigating the course, feel free to ask!
ISSUE, FORFEITURE AND REISSUE OF SHAREMeaning of shareIssue price of Share:1) At par 2) At premium3) At discountShare issued at Premium Contents1. A capital nature profit for company. 2. Always credit at due. 3. No maximum limit. 4. Shown in the liability side of balance-sheet.Share issued At Discount Contents 1. A capital nature loss for company. 2. Always debit at due. 3. Maximum limit = 10 percent of face value. 4. Deducted from security premium in liability side of balance sheet.Prohibition on Issue of shares at a discountProvision regarding issue of share in instalmentJournal Entries Regarding to issue of share in InstallmentCalls in Arrear:Loss for company. 1 Always debit at payment (compulsory). 2 If received in future then credit (optional). 3 Interest charged maximum at 10 percent Per annum. 4 Deducted out of paid-up capital. 5 Such type of shareholder don't use voting power.Entries of Interest on Calls in ArrearCalls in AdvanceEntries of Interest on Calls in AdvanceShare Issue at security premiumShare Issued at discountIssue Of Share For Consideration Other Than Cash:(A) Issue of shares to vendor for asset purchase(B) Issue of share on purchase of Existing Business[C (i)] Being issue of shares to Promoters[C (ii)] Being issue of share to UnderwriterForfeiture of shareJournal Entry In The Case Of Forfeiture Of ShareForfeiture QuestionRe-issue QuestionPartial Re-issue QuestionPRO-RATA ALLOTMENTCalculation of Amount of Calls in Arrear on allotment