Difference between revisions of "Corporation"
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| − | [[Corporation]] is a business organization that is both a legal and accounting entity. | + | [[File:Org-forms.png|400px|thumb|right|[[Legal entity]]]][[Corporation]] is a business organization that is both a legal and accounting entity. |
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According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | ||
:[[Corporation]]. A legal entity created by a state, separate and distinct from its owners and managers, having unlimited life, easy transferability of ownership, and limited liability. | :[[Corporation]]. A legal entity created by a state, separate and distinct from its owners and managers, having unlimited life, easy transferability of ownership, and limited liability. | ||
| + | According to [[Management by Robbins and Coulter (14th edition)]], | ||
| + | :[[Corporation]]. A legal business entity that is separate from its owners and managers. | ||
==Related concepts== | ==Related concepts== | ||
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*[[Regulatory Сompliance Quarter]]. | *[[Regulatory Сompliance Quarter]]. | ||
| − | [[Category: Septem Artes Administrativi]][[Category: Articles]] | + | [[Category:Management]][[Category: Septem Artes Administrativi]][[Category: Articles]] |
Latest revision as of 11:21, 2 June 2020
Corporation is a business organization that is both a legal and accounting entity.
Definitions
According to College Accounting: A Practical Approach by Slater (13th edition),
- Corporation. Business organization that is both a legal and accounting entity.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Corporation. A legal entity created by a state, separate and distinct from its owners and managers, having unlimited life, easy transferability of ownership, and limited liability.
According to Management by Robbins and Coulter (14th edition),
- Corporation. A legal business entity that is separate from its owners and managers.
Related concepts
- Accounting (alternatively known as accountancy) is management of financial data, information, and knowledge about financial transactions of legal entities. Accountancy tends to include bookkeeping and, depending on a particilar enterprise, may also include quatitative analysis of financial data in the bookkeeping system and/or business intelligence.
