TM707
Measurements, Analysis and Control
0.5 Credit

This course has three components: financial accounting, managerial accounting and taxation. 

Financial accounting provides an introduction to financial statements, the preparation of basic financial statements and the examination of the different items recognized in the financial statements. Students will be exposed to the conceptual framework and to financial statement analysis. Managerial accounting focuses on the generation, use and interpretation of cost information and related data by managers in high-tech firms. This internally generated information is used for planning and control, decision-making, performance evaluation, and reporting purposes. Finally, a basic understanding of taxation and an introduction to the Canadian tax system with an emphasis on issues related to corporate taxation, especially related to Canadian international taxation rules, is considered.