BU127 Study Guide - Midterm Guide: Perpetual Inventory, Bank Reconciliation, Book Value
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BU127 Full Course Notes
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Document Summary
The accounting communication process includes regulators, managers, directors, auditors, information intermediaries, and users. Management is responsible for preparing the financial statements accounting regulations (what management can do) and security rules and standards for stock exchange statements are properly stated (puts strains. Regulators are going to set up on what management can actually do) Analyst will go through and look at a company and determine whether or not they buy or sell stock Highly trained former business students with an accounting or finance background that conduct financial analysts and make predictions about what they"ll achieve in the future and determine whether companies should buy or sell shares. Large institutional users (ontario teachers pension plan) they employee financial analysist"s as well. Protect investors and maintain the integrity of the securities market. Federal agency which oversees canadian accounting firms (independent auditors) that perform auditing engagements of public companies.
