afm 182

Summarize the importance of the conceptual framework and how it applies to public companies, Explain why accounting standards differ between private and public companies, Explain the major similarities and differences between the two main sets of accounting standards used in Canada

Explain how certain events affect the accounting for inventory and PP&E, Prepare journal entries relating to specific inventory and PP&E events, Describe the basic differences between income tax and other types of taxes, Explain the function of deferred tax assets and liabilities

Explain how the public market context introduces new stakeholders that a public company must consider, Explain the process of raising capital through public markets, Differentiate between various types and classes of shares, Understand the financing options available to public companies

Define corporate governance and the role of a board of directors Describe corporate governance as a system for public companies Describe corporate governance items that a public company needs to consider Describe important factors that management should consider when establishing an organizational structure Identify common organizational structures, including advantages and disadvantages of each Differentiate between traceable fixed costs and common fixed costs Prepare a segmented contribution m

Describe Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG) Explain the concept of the triple bottom line Explain why companies should adopt environmentally friendly and social practices Provide examples of what companies are doing when it comes to ESG Communicate what is happening with sustainability reporting now and in the future Communicate key challenges to adopt ESG best practices