ADMN 3221H- Midterm Exam Guide - Comprehensive Notes for the exam ( 16 pages long!)

• School: Trent University
• Department: Business Administration
• Course: ADMN 3221H
• Professor: Ebadul Islam

Document Summary

Chapter 1 the canadian financial reporting environment. Institutional investors large corporations or corporate investors such as pension funds or mutual funds favourable cash flows. Information asymmetry: all stakeholders should have equal access to all relevant information. Parties involved in standard setting: canadian accounting standards board (acsb) International accounting standards board (iasb: the financial accounting standards board (fasb, securities and exchange commission (sec, provincial securities commission, ontario securities commission (osc) Ifrs must be used by public companies in canada understandable and international reporting standards (ifrss) for general. Financial accounting standards board and the securities and exchange commission: financial accounting standards board (fasb) the major standard- setting body in the united states, securities and exchange commission (sec) the u. s. counterpart of the. Ontario securities commission, which regulates the u. s. capital markets and supports the fasb by indicating that financial statements conforming with.