OC299390

University of Toronto St. George

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UTSGRSM321H1Gordon RichardsonFall

RSM321H1 Chapter Notes - Chapter 7: Equity Method, Income Statement, Financial Statement

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3 Dec 2017
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UTSGRSM321H1Gordon RichardsonFall

RSM321H1 Chapter Notes - Chapter 6: Deferred Income, Income Tax, Income Statement

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3 Dec 2017
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Intercompany revenue and expenses to ensure that consolidated financial statements reflect only transactions between the single entity and those outsid
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UTSGRSM321H1Gordon RichardsonFall

RSM321H1 Chapter Notes - Chapter 11: Cash Flow Statement, Financial Statement, Canadian Dollar

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3 Dec 2017
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UTSGRSM321H1Gordon RichardsonFall

RSM321H1 Chapter Notes - Chapter 10: Foreign Exchange Spot, Canadian Dollar, Spot Contract

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3 Dec 2017
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Many canadian companies conduct business in foreign countries as well as in canada. No specific accounting issues arise when the parties involved in an
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UTSGRSM321H1Gordon RichardsonFall

RSM321H1 Chapter Notes - Chapter 8: Cash Flow Statement, Equity Method, Cash Flow

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3 Dec 2017
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While this statement could be prepared by combining the separate cash flow statements of the parent and its subsidiaries, this would involve eliminatin
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UTSGRSM321H1Gordon RichardsonFall

RSM321H1 Chapter Notes - Chapter 4: Extension Method, Financial Statement, Equity Method

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3 Dec 2017
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Consolidated financial statements present the financial position and operating results of a group of companies under common control as if they constitu
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UTSGRSM321H1Gordon RichardsonFall

RSM321H1 Chapter Notes - Chapter 3: Financial Statement, Reverse Takeover, Historical Cost

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3 Dec 2017
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A business combination is defined in ifrs 3 business combinations as a transaction or other event in which an acquirer obtains control of one or more b
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UTSGRSM321H1Gordon RichardsonFall

RSM321H1 Chapter Notes - Chapter 12: International Financial Reporting Standards, Financial Statement, Fund Accounting

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3 Dec 2017
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UTSGRSM321H1Gordon RichardsonFall

RSM321H1 Chapter Notes - Chapter 5: Consolidated Financial Statement, Equity Method, Financial Statement

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3 Dec 2017
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While a parent company can account for its investment by either the equity method or the cost method, the consolidated statements are the same regardle
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UTSGRSM321H1Gordon RichardsonFall

RSM321H1 Chapter Notes - Chapter 9: Guaranteed Rate, Financial Statement, Deferred Income

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3 Dec 2017
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Special-purpose entities (spe) and variable interest entities (vie) In this chapter, we have examined four different topics, which almost wind up our s
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UTSGRSM320H1amernicFall

RSM320H1 Chapter Notes - Chapter 16a: Interest Rate Swap, Cash Flow, Cash Flow Hedge

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3 Dec 2017
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Hedging is the use of derivatives to hedge these risks. Hedging has value because it generally reduces uncertainty/risk and therefore volatility. Must
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UTSGRSM320H1amernicFall

RSM320H1 Chapter Notes - Chapter 16: Executory Contract, Underlying, Interest Rate Risk

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3 Dec 2017
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Financial instruments: contracts that create both a financial asset for one party and a financial liability or equity instrument for the other party. P
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UTSGRSM320H1amernicFall

RSM320H1 Chapter Notes - Chapter 17: Dividend, Capital Structure, Net Income

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3 Dec 2017
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Earnings per share tells common shareholders how much of the available income is associated with the shares they own (their share of the pie) Impact of
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UTSGRSM320H1amernicFall

RSM320H1 Chapter Notes - Chapter 16b: Valuation Of Options, Market Price

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3 Dec 2017
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Two common plans with unique accounting issues: share appreciation rights plans. Affords the right to receive compensation equal to share appreciation:
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UTSGRSM320H1amernicFall

RSM320H1 Chapter Notes - Chapter 15: Liquidating Distribution, Share Capital, Capital Account

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3 Dec 2017
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The canada business corporation act (cbca) is a relevant business corporation act: provincial business corporation acts also exist but vary from provin
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UTSGRSM320H1amernicFall

RSM320H1 Chapter Notes - Chapter 13: Current Liability, Current Asset, Financial Statement

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3 Dec 2017
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Ifrs and aspe currently define a liability as: an obligation of an enterprise, arising from past transactions or events. The settlement of which may re
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UTSGRSM320H1amernicFall

RSM320H1 Chapter Notes - Chapter 20: Executory Contract, Finance Lease, Operating Lease

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3 Dec 2017
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Leasing is popular because it is a cost-effective way of financing property and equipment. This is especially true for items that become obsolete quick
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UTSGRSM320H1amernicFall

RSM320H1 Chapter Notes - Chapter 23: Financial Statement Analysis, Financial Statement, Income Statement

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3 Dec 2017
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Information disclosure is an important part of capital markets: Financial statements are only one source of information for investors: other sources in
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UTSGRSM320H1amernicFall

RSM320H1 Chapter 19: CHAPTER 19

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3 Dec 2017
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Three examples of benefit plans: pension and other post-retirement plans (e. g. , health care and life insurance, post-employment benefit plans (e. g.
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UTSGRSM320H1amernicFall

RSM320H1 Chapter Notes - Chapter 18: Canada Revenue Agency, Deferred Tax, Income Tax

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3 Dec 2017
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A major consideration for new companies is the tax rate that will be paid on their profits. Corporations file income tax returns that are administered
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UTSGRSM320H1amernicFall

RSM320H1 Chapter 19A: CHAPTER 19A

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3 Dec 2017
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Expected to work for 35 years: retirement date december 31, 2050 (age 65) Life expectancy at december 31, 2050 is 12 years. The pension plan: defined b
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UTSGRSM320H1amernicFall

RSM320H1 Chapter Notes - Chapter 21: Deferral, Income Statement, Financial Statement

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3 Dec 2017
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Under ifrs, change in an accounting policy is permitted only when the change: Is required by a primary source of gaap, or: results in portraying reliab
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UTSGRSM320H1amernicFall

RSM320H1 Chapter Notes - Chapter 18A: Deferred Tax, Financial Statement

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3 Dec 2017
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UTSGRSM320H1amernicFall

RSM320H1 Chapter Notes - Chapter 22: Canada Revenue Agency, Cash Flow Statement, Operating Cash Flow

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3 Dec 2017
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UTSGRSM322H1Donna LosellFall

RSM322H1- Final Exam Guide - Comprehensive Notes for the exam ( 81 pages long!)

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30 Nov 2017
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Set selling price to achieve desired profits. Set selling price to achieve positive cash flow. Owners of firm want to maximize firm value. Design perfo
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UTSGRSM423H1wallyFall

RSM423H1 Chapter Notes - Chapter 19: Point Estimation, Financial Statement

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2 Nov 2017
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Gaap assumes continued existence of the enterprise for at least one year. Auditors must evaluate matters of financial analysis, business strategy, and
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UTSGRSM423H1wallyFall

RSM423H1 Chapter Notes - Chapter 17: Retained Earnings, Internal Control, Chartered Professional Accountant

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2 Nov 2017
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Other public accounting services and reports reviews and compilations. Small business wants some level of assurance but without full gaas and high cost
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UTSGRSM423H1wallyFall

RSM423H1 Chapter Notes - Chapter 14: Icq, Safe Deposit Box, Interest Expense

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2 Nov 2017
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Understanding important aspects of corporate structure requires the input of the most experienced audit team members. Disclosure requirements for relat
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UTSGRSM423H1wallyFall

RSM423H1 Chapter Notes - Chapter 15: Contingent Liability, Internal Control, Accounts Receivable

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2 Nov 2017
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This chapter covers completion of the financial statement audit. Audit of the nominal or flow accounts cannot be completed until year end. Audit of sev
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UTSGRSM423H1wallyFall

RSM423H1 Chapter Notes - Chapter 16: Financial Statement Analysis, Audit Evidence, Financial Statement

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2 Nov 2017
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Applying professional judgment to form the audit opinion and issue the audit report. To achieve the overall objective of an audit, the auditor needs to
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UTSGRSM423H1wallyFall

RSM423H1 Chapter Notes - Chapter 21: Bank Reconciliation, Control Risks, Longrun

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2 Nov 2017
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Other professional accounting services and reports, including fraud auditing. Specified elements accounts or items: rents, royalties, profit participat
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UTSGRSM423H1wallyFall

RSM423H1 Chapter Notes - Chapter 18: Conflict Resolution

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2 Nov 2017
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Professional rules of conduct details and auditor responsibilities. Auditors have three areas of responsibility to society: moral responsibilities. A p
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UTSGRSM423H1wallyFall

RSM423H1 Chapter Notes - Chapter 20: Contributory Negligence, London Assurance, Financial Statement

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2 Nov 2017
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That there was a privity or beneficiary relationship. That the statements were the direct cause of the loss. That the accountant was negligent in perfo
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UTSGRSM321H1Gordon RichardsonFall

RSM321H1 Chapter Notes - Chapter 2: Equity Method, Fair Value, Basis Of Accounting

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17 Oct 2017
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Equity investments are investments in shares of another company. There are two main categories of equity investments: strategic and nonstrategic. For s
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UTSGRSM323H1Ping ZhangWinter

RSM323H1- Midterm Exam Guide - Comprehensive Notes for the exam ( 14 pages long!)

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11 Oct 2017
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As the engagement partner for big boldov and best (b3) it is your responsibility to write the audit report for oreco mining corporation, a publicly lis
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UTSGRSM332H1Kevin WangFall

RSM332H1- Midterm Exam Guide - Comprehensive Notes for the exam ( 79 pages long!)

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5 Oct 2017
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UTSGRSM322H1Donna LosellFall

RSM322H1- Midterm Exam Guide - Comprehensive Notes for the exam ( 49 pages long!)

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5 Oct 2017
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A (cid:271)udget is (cid:373)a(cid:374)age(cid:373)e(cid:374)t"s fo(cid:396)e(cid:272)ast of (cid:396)e(cid:448)e(cid:374)ues, e(cid:454)pe(cid:374)ses
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UTSGRSM332H1Kevin WangFall

RSM332H1 Chapter Notes - Chapter 10: Insider Trading, Value Investing, Mental Accounting

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3 Oct 2017
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The markets must be competitive, meaning no one investor can significantly affect the price of the security through their own buying and selling. Infor
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UTSGRSM332H1Kevin WangFall

RSM332H1 Chapter Notes - Chapter 1: New York Stock Exchange, Money Market, United States Treasury Security

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3 Oct 2017
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UTSGRSM332H1Kevin WangFall

RSM332H1 Chapter Notes - Chapter 9: Computer Performance, Risk Premium, Risk Aversion

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3 Oct 2017
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Chapter 9: the capital asset pricing model (capm) 9. 1 the new efficient frontier: portfolios a and b in figure 9-1 are above the minimum variance port
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