[FINA 365] - Final Exam Guide - Comprehensive Notes fot the exam (91 pages long!)
29 Mar 2017
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Shareholders pay taxes twice (corp pays tax) (shareholders pay income tax) Week 1 page 1 no money is distributed to them. Has enough cash on hand to meet its obligations from day to day. Managers put self-interest ahead of the interests of shareholders. When stock performs poorly or targets are not met: board might replace ceo or lower bonus. Corporate raider: break up a company or hostile takeover. Investors, financial analysts, managers, creditors rely on financial statements to obtain info on companies. Public companies in the us must file financial results with us securities and. Private companies usually don"t have to disclose such information. Accepted by all major stock exchanges except japan and us. Convergence to ifrs in us likely in future. Depreciation is not an actual cash expense, but a way of recognizing how assets wear out and become less valuable with time. Property held for sale, trademarks and patents, start-up costs.
