AFM491 Lecture Notes - Lecture 12: Interest Expense, Financial Statement, Accounts Payable

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM491
• Professor: Robert Ducharme

Document Summary

We enclose our report that addresses several issues related to the start-up of your proposed radio station, cker-fm ethnic radio station (cker). For purposes of our analysis, several assumptions were made and are stated in the report. If these assumptions are inappropriate, please advise us, as changes in assumptions may change our recommendations. If you have questions in the interim, please do not hesitate to contact me. Your committee has presented an application to the crtc to obtain a radio license and start a non-profit, ethnic community radio station for your area. As requested, we have prepared a report which: Assesses cker"s viability over its initial three-year period, identifies other significant issues that the station will face after it commences operations, and recommends accounting policies for the transactions that cker is contemplating. Since the success of the application depends on its viability, recommending accounting policies is of lesser importance at this stage.