Features and accounting
treatment of ordinary shares, bonus issues, rights issues, debentures,
dividends and reserves. Advantages and
disadvantages to the company and to the shareholders of a company making a
bonus issue of shares and a rights issue of shares • the advantages and
disadvantages to the company and to the shareholders of a company issuing
shares and issuing debentures • the distinction between capital reserves (share
premium and revaluation reserve) and revenue reserves (retained earnings and
general reserve)