PCS 181 Lecture Notes - Initial Public Offering, Financial Statement
9 Feb 2013
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Subject: changes to company policies due to ipo. With the decision to initiate ipo bombadeer must accept ifrs for the train division, the transition and policy changes as well as the recommendation of applying ifrs companywide. Bombadeer owners (family) along with future shareholders are the primary users of the case analysis. From the case we know that the company wants to make an initial public offering and go public with regards to their train division. Going public would mean performance evaluation is the key objective of the company and for shareholders stewardship would exist. Whereas the company wants to show profitable and stable performance the stakeholders are interested in knowing reliable information to base their investing decisions upon. Lastly management of the company will ponder on the advisory meeting where ester & associates were encouraging bc to dress up the statements .
