MGAB01H3 Chapter Notes - Chapter 6: S&P Global, Canadian Securities Administrators, Canada Revenue Agency
12 Jul 2015
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MGAB01H3 Full Course Notes
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Chapter 6: communicating and interpreting accounting information: corporate governance: refers to the procedures designed to ensure that the company is managed in the interests of the shareholders. Board of directors (audit committee: elected by the shareholders to represent their interests is responsible for maintaining the integrity of the company"s financial reports. Information intermediaries: analysts and information services: financial analysts, received accounting reports and other information, combined into an analysts" report which includes forecasts of share price and future quarterly and annual earnings per share. Press releases: a written public news announcement normally distributed to major news services, good way to learn about a company"s business strategy and expectations for the future, includes key factors that analysts consider when they evaluate a company. Report of independent accountants and the management report. Quarterly report: format, short letter to shareholders, condensed statement of earnings for the quarter, condensed statement of financial position. These statements are not audited and are labelled unaudited .
