RSM219H1 Study Guide - Summer 2018 Midterm Notes - Legal personality, Wafer testing, Certified Public Accountant

• School: UTSG
• Department: Rotman Commerce
• Course: RSM219H1
• Professor: Catherine Barrette

Document Summary

Function of management accounting provides information to assist managers to plan, control the organizational activities, assess performance and to make decisions. (c) auditing the examination of the accounting procedures / accounts of corporations to ascertain their credibility. Can external auditors be completely independent? (d) tax accounting the computation of tax payable by both entities and individuals. However, consistency should not be at the expense of realism to reflect changed circumstances: relevant able to influence decisions; timeliness; has predictive and confirmatory values (however, using past information to predict the future). Help managers plan, control business operations and make decisions. Help investors, creditors, and others make investment, credit, and other decisions. Detailed reports on sections of the company on a daily, weekly or monthly basis. Needs to communicate with other departments and management team. Monetary and non- monetary information. by certified public accountants. Reports on the company as a whole, usually on a quarterly or annual basis.