Management and Organizational Studies 1023A/B Lecture Notes - Lecture 1: Accounts Receivable, Issued Shares, Legal Personality

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 1023A/B
• Professor: Maria Ferraro

Document Summary

Pricing; strategic; marketing; employee compensation; capital budgeting; resource allocation. They work for the company; finance directors, marketing managers, human resource personnel, production supervisors, and company officers. Accounting provides a variety of internal reports including, financial comparisons of operating alternatives, projections of profit from new sales campaigns, analyses of sales costs, and forecasts of cash needs. Summarize financial information in the form of financial statements for both internal and external use: external users. Investors (shareholder), lenders, and other creditors are considered to be the primary or key external users of accounting information. Others: tax authorities; regulatory agencies; customers; labour unions; economic planners; communities. Employees and labour unions want to know whether the company can provide employment opportunities and pay salaries and benefits. Customers are interested in whether a company will support its product lines and honor product warranties: ethical behavior by users. Financial information must be prepared by individuals with high stands of ethical behavior.