MGT220H5 Chapter 1: Chapter 1 (The Canadian Financial Reporting Environment) - MGT220 (2018)
Document Summary
Launched in 2014 by the tmx group (which operates the toronto stock exchange), the tsx private. Markets allows companies to trade securities in the exempt market. This means these companies, called private issuers, are exempt from the requirements to file a prospectus. For companies that want to remain private, this allows them to acquire capital and liquidity without having to sell shares. A document disclosing financial & other business information. Accounting is (1) the identification, measurement, and communication of financial information (2) about economic entities (3) to interested persons. The process that culminates in the preparation of financial reports that cover all business activities & that are used by internal & external parties. There are 4 principal financial statements: statement of financial position (balance sheet, statement of income/comprehensive income (income statement, statement of cash flows (cash flow statement, statement of changes in equity (statement of retained earnings)
