ADMS 1000 Lecture Notes - Lecture 1: Income Statement, Dollarama, Financial Statement

• School: York University
• Department: Administrative Studies
• Course: ADMS 1000
• Professor: Heather Jenkin

Document Summary

Bring a simple calculator ( from dollarama is fine). Everything must fit onto the paper provided (one legal size sheet printed on both sides with the question spaced similarly to below). Bring your york card as identification (an ontario driver"s license is also acceptable if you do not have your york card). You will be asked for three definitions selected from these. There will be no choice: (3marks) you will be required to discuss the importance of financial statements to 1) human resources managers, 2) investors, 3) creditors and/or 4) others, 4 marks) income statement question. You will be asked to quickly prepare an income statement for the first financial period of up to a year. Make sure you set it up as well as possible with proper headings and descriptions. Make it simple and do the best you can.