List down 5 topics which you appreciated very well.

In this video, I’ve leaned a lot of things. Shareholder’s equity has two major components
contains share capital and retained earnings. Share capital is the amount of resources received by
corporation with various causes. It might be an investment by the shareholders or a donation.
Retained earnings from the word itself, it is the capital accumulated and remains from the
profitable operations of the business. I’ve also learned the four terms of related to share of
capital. The first one is the Authorized share capital wherein it indicated the maximum of shares
that the corporation can issue. There is also a share which have been sold or paid in full and it is
called Issued share capital. The third one is the subscribed share capital. It is the portion of the
authorized share capital that has been subscribed but not yet fully paid. Second to the last is the
Outstanding share capital. These are issue shares which are in the hand of the shareholders.
Lastly is the Treasury stock, it stated in the video that these are also an issued shares acquired by
the corporation but not retired. I’ve also learned the two basic types of shares which is the
ordinary share which represent the basic ownership of class corporation and the preference share
which gives the owners an advantage over the ordinary share. Lastly before the application of the
components of corporation into journal entries. The accounting for issuance of share capital.
Where in it divides into 2 sections on how we can compute when the share is sold. The first one
is when the shares with par value are sold the proceeds should be credited to share capital
account to the extent of the par value of shares, in case on any excess it will be reflected as share
premium. The second one has two components the one has a stated value and the one doesn’t
have. When share without par vale are sold the proceeds should be credited to share capital
account but when there is a stated value the excess will also reflect as share premium.

List down 5 topics which you need to understand further.

From what have been discussed in the video, I’d like to explore and focus on the terms related
because it may not be complicated as it seems but applying it in a word problem and a situation it
might be hard to understand as well as the accounting for issuance of share capital. It might be
easy in application but when it comes to a comprehension in a business transaction, I might not
be able to apply it.

What are your initial learnings from the Course Orientation given by the professor?

I was absent during the course orientation, but I’ve read in the red canvas and asked my
classmates what have been discussed during the orientation. I may not be able to reflect my
learnings from the orientation, but I can apply my learnings in accounting throughout my Senior
high school education. Accounting is a process of recording, analyzing, summarizing, measuring,
and presenting but the official definition of accounting from the previous meet I had with my
professor is, Accounting is a service activity wherein we provide quantitative financial
information intended to help in making good economic decisions. I’ve also learned the
accounting principle that should applied in any accounting situations.

What are your expectations about the subject FINLCOR and your professor?

When I first met my professor during this day, I appreciate the way he educated as. My
expectation in this subject is that we will be working hard to be successful. It’s not supposed to
be easy. My expectation for my prof is to keep as educating and guiding as to have the most
important role in the world of business. Wherein we provide quantitative information with the
help of our good judgement in economic decisions.