MGAB01H3 Lecture Notes - Lecture 5: Deloitte, Tax Avoidance, Pricewaterhousecoopers
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MGAB01H3 Full Course Notes
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1946 by bc (kelowna) fruit growers" association to produce pure apple juice. Lend $ for specific time & charge interest. Investors=buy small %s of large corp. (own it: gain investment in 2 ways: Receive portion of company"s earnings aka dividends. Sell share of company at higher price paid. Exchange of $ b/w company & lenders & owners= financing activities. Goodwill= assets not easily identifiable or measured- customer loyalty, quality products, good rep. Acct"g: system that collects & processes (analyzes, measures, & records) financial info about org. Parties outside of firm= external decision makers investors, creditors, suppliers, customers. Primary users of financial statements= investors & creditors. Financial acct"g system=periodic financial statements & related disclosures. Managerial acct"g system= detailed plans and continuous performance reports: statement of financial position. Assets, liabilities, shareholders" equity @ a certain time. Structure: name, title, date (on/at), unit of measure. In most liquid order (most companies), single underline, double underline.