As Part of a Careers in Accounting Program Sponsored by Accounting

question 223

Essay

As part of a Careers in Accounting program sponsored by accounting organizations and supported by your company, you will be taking a group of high school students through the accounting department in your company. You will also provide them with various materials to explain the work of an accountant. One of the materials you will provide is the Equity section of a recent statement of financial position.
Required:
Prepare a sentence or two explaining each major section: Share Capital, Share Premium, and Retained Earnings. You should try to be brief but clear.

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Definitions:

Decision Making Process

The cognitive process leading to the selection of a course of action among several alternatives, often involving a recognition of the problem, information gathering, evaluation of alternatives, and making a final decision.

Herbert Simon

An American economist, political scientist, and cognitive psychologist known for his contributions to decision-making theory and bounded rationality.

Nature's Path

Interpretation not available; could refer to a brand, or ideology focused on natural or sustainable practices, without further context.

Information Search

The phase in the consumer decision-making process where individuals seek out information about products or services to make an informed decision.