ARBUS101 Chapter Notes - Chapter 16: Canadian Cancer Society, Financial Transaction, Bookkeeping

• School: University of Waterloo
• Department: Arts and Business
• Course: ARBUS101
• Professor: n/a

Document Summary

Shipping documents payroll reocrds bank records travel records entertainment records. Provides information and analyses to mangers inside the organization to assist them in decision making. They measuring and reporting costs of production, marketing. Controlling- checking whether or not units are staying within their budgets. Provides information and analyses for stakeholders outside the organization. The information goes to not only company owners, managers, employees also creditors, lenders employee unions, customers, suppliers, government agencies and general public. Annual reports: yearly statement of the nancial conditions, progress, and expectations of an organization. Reviewing and evaluating the records used to prepare a company nancial statement. Private accountants within the organization perform internal audits to ensure that is carrying out proper accounting procedures and nancial reporting. Public accountants also conduct independent audits of accounting related records. Independent audit is an evaluation and unbiased opinion about the accuracy of a company. Nancial statement (stakeholders, public, government, nancial institutions, shareholders are interested)