MGAB01H3- Final Exam Guide - Comprehensive Notes for the exam ( 41 pages long!)
30 Nov 2017
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MGAB01H3 Full Course Notes
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Document Summary
Ifrs international financial reporting standards (only for public entities) Aspe accounting standard for private enterprise (only for private companies) Different owners have different interests and look for different statements. The ifrs is a high bar standard that any financial statements meet these standards. Aspe has smaller group and can display smaller information curated to the stakeholders. Employees are concerned with different places to pay bills, loans, etc. and different prides and joys in life and the place that they work. Help look for liquidity (is there enough cash?). The bank is super concerned about liquidity to make sure they are able to make their money back, and have the ability to pay back their current obligations. Profitability is a concern for everyone specifically investors because they want to increase their p/e ratio and increase the fair value of the stocks and the eps (earnings/share).
