afm 182

1. Summarize the importance of the conceptual framework and how it applies to public companies 2, Explain why accounting standards differ between private and public companies 3. Explain the major similarities and differences between the two main sets of accounting standards used in Canada

1. Explain how certain events affect the accounting for inventory and PP&E 2. Prepare journal entries relating to specific inventory and PP&E events 3. Describe the basic differences between income tax and other types of taxes 4. Explain the function of deferred tax assets and liabilities

1. Explain how the public market context introduces new stakeholders that a public company must consider 2. Explain the process of raising capital through public markets 3. Differentiate between various types and classes of shares 4. Understand the financing options available to public companies

1. Define corporate governance and the role of a board of directors. 2. Describe corporate governance as a system for public companies. 3. Describe corporate governance items that a public company needs to consider. 4. Describe important factors that management should consider when establishing an organizational structure. 5. Identify common organizational structures, including advantages and disadvantages of each. 6. Differentiate between traceable fixed costs and common fixed costs. 7. Prepare

1. Describe Corporate Social Responsibility (CSR) and Environmental, Social, and Governance (ESG). 2. Explain the concept of the triple bottom line. 3. Explain why companies should adopt environmentally friendly and social practices. 4. Provide examples of what companies are doing when it comes to ESG. 5. Communicate what is happening with sustainability reporting now and in the future. 6. Communicate key challenges to adopt ESG best practices.

1. Explain how the balance sheet is dependent on the income statement for analysis 2. Understand balance sheet analysis basics pertaining to assets, liabilities, and equity 3. Calculate balance sheet profitability ratios 4. Interpret balance sheet analysis to inform financial planning

1. Communicate what happened to cash during a period. 2. Compute and interpret liquidity and solvency ratios. 3. Prepare a cash flow budget.

1. Summarize corporate strategy and the possible strategic avenues. 2. Describe a performance management system. 3. Explain how a modified balanced scorecard is prepared and used to measure company performance. 4. Distinguish between responsibility centres (revenue centres, cost centres, profit centres, and investment centres). 5. Explain common key performance indicators used to measure performance for various responsibility centres. 6. Explain a management reporting cycle. 7. Prepare managemen

1. Identify costs and benefits relevant to a decision-making analysis 2. Explain why some costs and benefits are not relevant to an analysis 3. Perform relevant cost and benefit analysis to make managerial business decisions 4. Explain the results of a relevant cost and benefit analysis to justify your decision

1. Explain a company’s capital allocation process. 2. Identify qualitative factors to consider when making investing decisions. 3. Calculate the net present value of an investment. 4. Evaluate the attractiveness of investments, considering qualitative and quantitative factors. 5. Make a recommendation to proceed / not proceed with an investment.