BUSI 2150U Study Guide - Legal Personality, Statement Of Changes In Equity, International Financial Reporting Standards
Document Summary
Business and personal decisions that rely on accounting information: Determine wether or not to buy a business and how much to pay. Calculate the amount of tax to pay. Evaluate whether to lend to a prospective borrower, and at what interest rate. Assess whether or not you can afford to borrow money. Decide if you can afford to go on vacation. Determine how to divide family assets in a divorce. Find out how much money you have in the bank. Determine how to invest money in a retirement savings plan or tax free savings. Evaliate how well managers have managed a business. Assess whether to make a product or to purchase it from an outside supplier. Evaluate how well managers have managed a business. Determine if you should donate money to a particular charity. (has the charity been. Determine how much a business is worth. Evaluate if a government has provided effective and efficient financial management.
