Hello Students . . .
My name is Dhini 
You can call me Miss Dhini
UNIT 16
BUSSINESS FINANCING: STOCK
PEMBIAYAAN BISNIS: SAHAM
RULES
1. PUT YOUR HP in YOUR BAG
2. ASK for PERMISSION if you want TO GO TO
RESTROOM
“Miss, would you mind if I go to the restroom?”
3. BE ACTIVE and ENTHUSIASTIC
Text
P1
 The corporation is the dominant form of
business organization in most developed
countries.
Although
proprietorships
and
partnerships are more numerous, corporations
transact more business and are larger in terms of
total assets, sales revenue, and number of
employees. Most well-known companies, such as
CBS, General Motors, IBM, and Boeing, are
corporations. Their
full
names
include
Corporation or Incorporated (abbreviated Corp.
and Inc.) to indicate that they are corporations
for example, CBS, Inc. and General Motors
Corporation.

Perusahaan merupakan bentuk yang dominan
dari organisasi bisnis di sebagian besar negara
maju. Meskipun bisnis kepemilikan tunggal dan
bisnis kerja sama jumlahnya lebih banyak,
perusahaan melakukan lebih banyak transaksi
bisnis dan lebih luas lagi dalam aset,
pendapatan, dan jumlah pegawai. Kebanyakan
perusahaan terkenal, seperti CBS, General
Motors, IBM, dan Boeing, adalah korporasi.
Nama-nama mereka termasuk golongan
Korporasi atau Inkorporasi (disingkat menjadi
Corp. dan Inc.)untuk menunjukkan bahwa
mereka adalah badan usaha yang sah,
contohnya, CBS, Inc. dan General Motors
Corporation.
P2
 Corporations may finance their operations
in many different ways. One of them is by
issuing stock. A corporation issues stock
certificates to its owners or investors in
exchange for their investments in the business.
The basic unit of capital stock is called a share.
A corporation may issue a stock certificate for
any number of shares-one share one hundred
shares, or any number. The certificate shows
the company name, stockholder name, the
number of shares, and the par value of the
stock.

Korporasi dapat membiayai pelaksanaan mereka
dalam berbagai cara. Salah satunya adalah
melalui penerbitan saham. Sebuah korporasi
menerbitkan sertifikat saham kepada pemiliknya
atau investor sebagai ganti dari investasi mereka
dalam bisnis. Unit pokok dari saham modal
disebut saham. Sebuah korporasi dapat
menerbitkan sebuah sertifikat saham dalam
jumlah saham berapapun-satu saham seratus
saham, atau berapapun. Sertifikat menunjukkan
nama perusahaan, nama pemegang saham,
jumlah saham, dan nilai nominal dari saham
tersebut.
P3&P4
 Stock in the hands of stockholder is said to
be outstanding. The total number of stock
outstanding at any time represents 100
percent ownership of the corporation.
Because stock represents the corporation’s
capitals, it is often called capital stock.
 Corporations issue different types of stock
to appeal to a wide variety of investors. The
stock of a corporation may be either
common or preferred and either par or nopar.

Saham istimewa ditangan pemegang saham
dikatakan tidak terbatas. Jumlah keseluruhan
saham istimewa yang beredar setiap saat
mewakili kepemilikan 100 persen korporasi.
Dikarenakan saham merupakan modal
korporasi, saham sering disebut modal.

Korporasi menerbitkan berbagai jenis saham
yang berbeda untuk menarik investor secara
luas. Saham dari korporasi dapat berupa umum
atau khusus dan juga pari atau tidak pari.
P5
 Every corporation issues common stock, the
most basic form of capital stock. Unless
designated otherwise, the word stock is
understood to mean “common stock.”
Common stockholders are the owners of the
business. They have four basic rights, unless they
are specially withheld, of stock ownership: the
right to participate in management by voting,
the right to receive a proportionate part of any
dividend, the right to receive a proportionate
share of any assets remaining after the
corporation pays its liabilities in liquidation and
the right to maintain one’s proportionate
ownership in the corporation.

Setiap perusahaan menerbitkan saham umum,
bentuk paling dasar dari modal saham. Kecuali
jika ditunjukkan sebaliknya, kata stok dipahami
sebagai “saham biasa.” Pemegang saham
umum adalah pemilik bisnis. Mereka memiliki
4 hak dasar, kecuali jika hak tersebut ditahan
secara khusus dari kepemilikan saham: hak
untuk berpartisipasi dalam manajemen melalui
voting, hak untuk menerima bagian
proporsional dari dividen manapun, hak untuk
menerima bagian proporsional dari setiap aset
yang tersisa setelah korporasi membayar
kewajiban dalam likuidasi dan hak untuk
mempertahankan kepemilikan proporsional
seseorang dalam korporasi.
P6
 Owners of preferred stock also have the four
basic stockholder rights, unless a right is
specifically denied. Often the right to vote is
withheld
from
preferred
stockholders.
Preferred stock gives its owners certain
advantages over common stockholders. These
benefits include priority to receive assets
before the common stockholders if the
corporation liquidates. Because of the preferred
stockholders priorities, we see that common
stock represents the residual ownership in the
corporation’s assets after subtracting the
liabilities and claims of preferred stockholders.
Companies may issue different classes of
preferred stock and each class is recorded on a
separate account.

Para pemilik saham preferen juga memiliki
keempat hak fundamental pemegang saham,
kecuali jika satu hak tersebut diingkari. Sering hak
untuk memberikan suara ditahan dari pemegang
saham preferen. Saham preferen memberi
pemiliknya keuntungan tertentu dibandingkan
pemengang saham biasa. Keuntungan ini termasuk
prioritas untuk menerima aset sebelum pemegang
saham biasa jika perusahaan dilikuidasi.
Dikarenakan prioritas dari pemegang saham
preferen, kita dapat menlihat bahwa saham biasa
menunjukkan kepemilikan yang tersisa pada aset
korporasi setelah dikurangi dengan hutang dan
tagihan dari pemilik saham preferen. Perusahaan
bias menerbitkan saham preferen berbeda dan
setiap golongan dicatat pada rekening yang
berbeda.
P7
 Stock may be par value stock or non-par stock.
Par value of their common stock quite low J.C
Penney’s common stock par value is 50 cent
per share, but Bethlehem Steel’s common stock
par value is $8 per share. Par value of preferred
stock is often higher; $100 per share is typical,
but some preferred stocks have par value of
$25 and $10. Par value is used to compute
dividends on preferred stock. No-par stock
does not have par value but some no-par stock
has a stated value, which makes it similar to par
value stock. The stated value is also an arbitrary
amount that accountants treat as though it
were par value.

Sahan yang bernilai pari atau tidak bernilai pari.
Nilai ini tergantung dari kesepakatan pemegang
saham. Kebanyakan perusahaan menentukan nilai
pari saham biasa pada harga yang rendah. Saham
biasa dari perusahaan J.C. Penney nilai parinya 50%
per lembarnya, tetapi saham biasa dari perusahaan
Bethlehem Steel nilai parinya $8 per lembarnya.
Nilai pari saham preferen seringkali lebih tinggi;
$100 per lembar adalah wajar, akan tetapi
beberapa saham preferen memiliki nilai pari $25
dan $10. Nilai pari digunakan untuk mengkalkulasi
deviden pada saham preferen. Saham tanpa nilai
pari tidak memiliki nilai pari, namun beberapa
saham tanpa nilai pari memiliki nilai tertulis, yang
mana mirip dengan nilai nominal saham. Nilai yang
tertera juga merupakan jumlah yang sewenangwenang yang dianggap oleh akuntan seolah-olah
nilai pari.
WELL DONE!!!! 
YOU MADE IT!
Say These Words:
E.N.G.L.I.S.H – I.S – `F.U.N
You can be with your group now!!! 
Exercise 1
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
What is the topic of the text?
What is a share (of stock)?
What is one purpose of issuing shares of stock?
What information can you find in a stock
certificate?
What does a share stock represent?
What is meant by outstanding stock?
How many types of stock may a company issue?
What rights do stockholders have?
What is the advantage of investing in preferred
stock (as compared to investing in common stock?
How does per stock differ from non-par stock?
1.
Stocks issued by company to finance
their operations and types of stocks
Group “English”
2. The basic unit of capital stock.
3. To finance the corporations’ operations.
4. The company name, stockholder name,
the number of shares, and the par
value of the stock.
Group “IS”
5. A stock certificate for any number of sharesone share one hundred shares, or any
number.
6. The total number of stock outstanding at any
time represents 100 percent ownership of
the corporation, the stock represents the
corporation’s capitals, it is often called capital
stock.
7. ; the stock of a corporation may be either
common or preferred and either par or nopar.
Group “Fun”
8.
1The right to participate in management by
voting,
2the right to receive a proportionate part of
any dividend,
3the right to receive a proportionate share
of any assets remaining after the
corporation pays its liabilities in
liquidation and
4the right to maintain one’s proportionate
ownership in the corporation.
Group “Fun”
9. Holders of preferred stock will receive
the remaining assets when a
corporation liquidates.
10. No-par stock does not have par value
but some no-par stock has a stated
value, which makes it similar to par
value stock.
LET’S PLAY TOGETHER 
1.
There are more corporations than
partnerships or proprietorship.
Partnerships or
proprietorship are more
numerous than corporations.
OOPS…
TRY AGAIN…
2.
Corporations have smaller sales
value than partnerships or
proprietorships.
Corporations have larger sales
value than partnerships or
proprietorships
OOPS…
Not CORRECT YET…
3.
Issuing stock is the only way of
business financing.
Issuing stock is one
of the ways of
business financing
OOPS…
Try again dear…!
4.
Different people are interested in
different types of stock.
BINGO!!!!
Please,
Open your book again. .
5.
Capital stock refers to the total
number of outstanding stock.
EXCELLENT!!!!
O-O-O-O-OBetter luck next time ya!
6.
All stockholders have all the four
basic stockholder rights.
The rights could be
denied or withheld.
WRONG
answer!!!!
7.
One of the stockholder rights is
the right to pay the corporation’s
liability in liquidation.
The stockholder only has the
right to receive proportionate
share of any assets remaining
after the corporation liquidates
Incorrect answer
8.
Holders of preferred stock often
don’t have the right to vote.
The right is only
being withheld, not
taken.
Ooops…
You did it again
9.
Holders of preferred stock will
receive the remaining assets when a
corporation liquidates.
Way to go guys,
Amazing!
Not yet…
10.
Residual assets means the
remaining assets after all liabilities
are paid.
At last,
Well done 
Sorry….
Sources
Mukarto. 1998. English for Students of
Accounting. Yogyakarta: Pusat Penerbitan
Akademi Akuntansi YKPN (p: 85-89)
CALD 3rd Edition
HAVE A GREAT DAY