ADMS 1010 Lecture Notes - Lecture 7: Chartered Professional Accountant, Bretton Woods Conference, International Financial Institutions

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Joel Marcus

Document Summary

Intermediary: a person who acts as a link between people in order to try to bring about an agreement or reconciliation; a mediator. Prepared according to generally accepted accounting principles (gaap): national and international standards. Statement of financial position at a given point in time. Ownership equity: residual value after liabilities are paid: income statement: Statement of income, expenses, and profits over a given period: cash flow statement: Reports on cash flow activities, particularly operating, investing, financing activities. Use of accounting information to make better management decisions. The times they are a changing (actually, they"ve changed!) The society of management accountants of canada (cma) A new single professional body for all accountants in canada (chartered professional accountants of canada) with a single designation: chartered professional accountant (cpa) An overview of the accounting discipline, useful to both majors and non-majors. Includes accounting history, the uses of accounting information in personal and business contexts and the rudiments of financial reporting.