FINA 2700 Chapter Notes - Chapter 1: Financial Statement, Mci Inc., Sole Proprietorship
7 Dec 2017
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Chapter 1: goals and governance of the firm. Financial manager has two main responsibilities: the investment decision: purchase of real assets, the financing decision: sale of financial assets. 2: financial assets: claims to the income generated by real assets, also called securities, firm finances investments in real assets by issuing financial assets to investors, ex. Share of a stock, bank loan: securities shares of stock and other financial assets that can be purchased and traded by investors. 3: can incorporate federally under the canadian business corporation. The age(cid:374)(cid:272)(cid:455) also o(cid:448)ersees (cid:448)arious social and economic benefit and incentive programs through the tax system, as well as laws relating to international trade. 6: flow through entities, earnings on the investments are taxed at the hands of the unitholders, invests in only one company, ended in 2006 as government lost money from taxes.
