ADMS 2500 Lecture Notes - Lecture 3: Cash Flow Statement, Financial Statement, Moodle

• School: York University
• Department: Administrative Studies
• Course: ADMS 2500
• Professor: Brian Gaber

Document Summary

Important: read the welcome letter posted on moodle check the moodle website for updates at least twice a week. Too acquire access to the e-book, a pin must be purchased at the york bookstore. Formal definition: system for measuring, evaluation and communication an enterprise"s performances, financial position and cash flows to external makers. Essentially: we try to put a figure next to an item (measurement, current value, as it descends when newer items become available (evaluation, prepare financial statements for shareholders, debt holders, etc. (communication) 50 trillion transactions (each as a piece of data) 4 pieces of paper: balance sheet (statement of financial position, income statement, owner"s equity statement, cash flow statement the task of an accountant to determine which figures to use that make an item meaningful. Prospective investors: thinking of investing in the company. Creditors: debt holders, very concerned about the financial information the firm is preparing. General public: too many and too diverse to please all.