ADMS 2500 Chapter Notes - Chapter 1: Iceberg, Sole Proprietorship, Current Liability

111 views8 pages
ishvindersinghsandhu and 38251 others unlocked
ADMS 2500 Full Course Notes
12
ADMS 2500 Full Course Notes
Verified Note
12 documents

Document Summary

Broadest division of employment sectors in canadian economy are public and private sectors. In private sector accountants work both in industry and also in professional accounting firms. Primary objective of a profit oriented organization is to maximize income. Major objective of the private sector accountant is to assist management in planning and controlling the firm"s operations. Controller: in large companies the head of an accounting department is called the controller. Internal auditing staff: reports to high ranking management officer or to an audit committee of the board of directors. Internal auditor investigates: policies and procedures designed to safeguard assets, promote operational efficiency, and provide reliable information. Same services performed in public sector accounting as private sector. For example: the auditor general"s office of the federal government and the provincial auditors in auditing activities similar to those of public accountants. Are firms of professional accountants who render independent, expert reports on financial statements of business enterprises.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related Documents

Related Questions