ADM 1340 Lecture Notes - Lecture 1: Sales Tax, Dollar Sign, Gross Margin

• School: University of Ottawa
• Department: Administration
• Course: ADM 1340
• Professor: Heri Rakotovololona

Document Summary

Owners managers employees (cid:272)a(cid:374) also i(cid:374)(cid:272)lude : sha(cid:396)eholde(cid:396)s, pote(cid:374)tial i(cid:374)(cid:448)esto(cid:396)s, (cid:272)(cid:396)edito(cid:396)s, supplie(cid:396)s, (cid:396)egulato(cid:396)s, go(cid:448)"t, security analysts, journalists, labour unions, competitors. Statement of retained earnings: accumulation of wealth of the organization. Bala(cid:374)(cid:272)e heet: what you (cid:862)o(cid:449)(cid:374)(cid:863) a(cid:374)d (cid:449)hat you (cid:862)o(cid:449)e(cid:863) Cash flow statement: where our cash comes from and where it goes. Ifrs (canadian organizations that are publicly accountable need to follow ifrs standards) Financing activities: how we get the money in order to invest in what we do. Investing activities: investing in the production of the organization. Assets must be put into order of liquidity (what we can put into cash faster) Current assets: assets get turned into cash within 1 year fixed assets: longer than 1 year. Liabilities also must be listed in order of liquidity. Dollar sign at the top of every column and at the bottom. Financial statements must have 3 titles (name of company, type of statement, date)