ADMS 1010 Lecture Notes - Lecture 7: Chartered Professional Accountant, International Monetary Fund, Personal Finance

• School: York University
• Department: Administrative Studies
• Course: ADMS 1010
• Professor: Eytan Lasry

Document Summary

Accounting balanced sheets, income statement, cash flow statements. ~ big change, all aim in one direction chartered professional accountant (oct. 1, 2014) Regulatory agencies - office of the superintendent of financial institutions (osfi) Perspectives: customer, internal business, innovation & learning, financial. ~ measure everything = continuous improvement = competitive advantage. To ensure that corporate reporting makes clear how a company is making its money, not just how much . Social capital or environmental deficit - p. bakker. ~ world business council for sustainable development (measures sustainable performance) High frequency trading: use of technological tools to rapidly trade securities. Businesses represent a value chain = the supply chain - j. magretta. Dispersed manufacturing = breaking up or dissecting the value chain to meet consumer needs. Focus on those activities that can sustain a competitive advantage and outsource the rest (reference. Scientific management division of labour, standardization and efficiency. Fordism standardization (assembly line), higher wages and mass production.