Management and Organizational Studies 2310A/B Chapter Notes - Chapter 2: Canada Revenue Agency, Capital Cost Allowance, Tax Rate

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2310A/B
• Professor: Bruce Morrison

Document Summary

Lo1 the difference between accounting value (or book value) and market value. Lo2 the difference between accounting income and cash flow. Lo3 how to determine a firm"s cash flow from its financial statements. Lo4 the difference between average and marginal tax rates. Lo5 the basics of capital cost allowance (cca) and undepreciated capital cost (ucc). Example: balance sheet and statement of comprehensive income information. Internet application www. sedar. com www. kpmg. ca www. taxes. about. com/od/capitalgains/a/capitalgainstax_4. htm www. fin. gc. ca/budget06/bp/bp3be. htm#dividends www. cra-arc. gc. ca/e/pub/tp/it128r/it128r-e. html www. cra-arc. gc. ca/tax/nonresidents/film/ftc/ftccsum-e. html www. cica. ca/index. cfm www. aircanada. ca. Changes in nwc and cash flow from assets. Income versus cash flow: determining cash flows, average and marginal tax rates, capital cost allowance (cca) and undepreciated capital cost (ucc) Statement of comprehensive income: balance sheet, cash flows, taxes, capital cost allowance. The balance sheet is a snapshot of the firm"s assets and liabilities at a point in time. Balance sheet identity: assets = liabilities + shareholder"s equity. S2. 4: the balance sheet figure 2. 1: assets: the left-hand side.