RSM100Y1 Chapter Notes - Chapter 15: Inventory Turnover, Intuit, Profit Margin
Document Summary
Accounting: the process of measuring, interpreting, and communicating financial information to support internal and external business decision- making. To plan and control daily and long-range operations. To monitor their firms" productivity and profitability performance. To approve new issues of stocks and bonds. Open-book management: a management strategy that believes that allowing employees to view financial information helps them to better understand how their work contributes to the company"s success: benefits employees in the end. Accountants: provide important information to help managers deal with the competitive and economic environments, help others to understand, predict, and react to technological, regulatory, and social and cultural environments. Cra organizes a volunteer program that people can sign up to help others to file their income tax. Brian hill (ceo of aritzia) performed these steps and found great success in the canadian market: he decided to expand in the us and went to get financing from.
