Accounting for Partnership and Corporation by Baysa and Lupisan (2014)
This is a summary of the book Accounting for Partnership and Corporation by Gloria J. Tolentino-Baysa and Ma. Concepcion Yamat Lupisan, published in 2014. The book covers the basic concepts and principles of accounting for partnership and corporation, as well as the related topics such as dissolution, liquidation, merger, consolidation, and business combinations.
The book is divided into 14 chapters, each with its own objectives, key terms, illustrations, exercises, and problems. The chapters are as follows:
Introduction to Partnership
Formation of a Partnership
Division of Income and Losses
Admission of a Partner
Withdrawal of a Partner
Dissolution of a Partnership
Liquidation of a Partnership
Introduction to Corporation
Formation of a Corporation
Stockholders' Equity Transactions
Operations, Dividends, Book Value and Earnings per Share
Treasury Stock Transactions
Consolidated Financial Statements
The book is intended for students who are taking up accounting courses in college or university. It is also useful for practitioners who want to refresh their knowledge on partnership and corporation accounting. The book provides clear explanations, examples, and solutions to help the readers understand and apply the accounting concepts and procedures.One of the main features of the book is the use of the SOLMAN (Solution Manual) approach, which provides step-by-step solutions to selected problems in each chapter. The SOLMAN helps the readers to check their understanding and practice their skills in solving accounting problems. The book also provides appendices that contain additional information and resources, such as accounting standards, forms, tables, and charts.
The book is written in a simple and concise manner, with the aim of making accounting for partnership and corporation easy and interesting for the readers. The authors use real-life examples and scenarios to illustrate the accounting concepts and transactions. The book also incorporates the latest developments and updates in accounting standards and practices, such as the Philippine Financial Reporting Standards (PFRS) and the International Financial Reporting Standards (IFRS).
The book is a valuable reference for anyone who wants to learn or review accounting for partnership and corporation. It is also a helpful tool for preparing for accounting examinations and certifications. The book is available in print and digital formats, and can be purchased online or from bookstores.In conclusion, Accounting for Partnership and Corporation by Baysa and Lupisan (2014) is a comprehensive and practical book that covers the essential topics and concepts of accounting for partnership and corporation. The book is designed to help the readers learn and apply the accounting principles and procedures in various situations and scenarios. The book also provides useful features and resources, such as the SOLMAN, appendices, examples, exercises, and problems. The book is suitable for students, practitioners, and anyone who wants to improve their accounting knowledge and skills.
If you are interested in buying the book, you can visit the official website of the publisher, Rex Book Store, at https://www.rexestore.com/accounting-books/1570-accounting-for-partnership-and-corporation-2014-edition.html. You can also find the book on other online platforms, such as Amazon, Lazada, and Shopee. The book costs around 500 Philippine pesos (about 10 US dollars) for the print version and 400 Philippine pesos (about 8 US dollars) for the digital version.
We hope you enjoyed reading this article and learned something new about accounting for partnership and corporation. If you have any questions or feedback, please feel free to leave a comment below. Thank you for your time and attention. 248dff8e21