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and concepts you need.  \nWant More Than Just the Formula Sheet?  \nThis free Formula & Review Sheet is just one part of the ACTEX Learning  \nexperience. Our complete study program is designed to help you understand concepts, practice effectively, and pass with confidence.  \nWith the ACTEX Learning Bundle for Exam CB1, you get:  \nCore Readings  \nGOAL Practice Problems Flashcards  \nFormula & Review Sheets  \nLearning Platform with a Study Planner and Topic Explorer  \nWant an Extra Edge?  \nTake your preparation even further with premium ACTEX resources designed to sharpen exam skills and boost confidence when it matters most.  \nPopular Upgrades:  \n One-On-One Tutoring  \nLearn More  \nClick anywhere on this page or scan the QR code to learn more about offerings for this exam.  \nACTEX Learning  \nExam CB1 Formula & Review Sheet  \n(updated 06/21/2024)  \nFINANCE AND CORPORATE GOVERNANCE  \nThe Financial Reports  \nThe International Accounting Standards Board (IASB)  \nInternational Financial  \nReporting Standards (IFRS)  \nThe Financial Reporting Council (FRC)  \nCorporate Governance  \nThe main principles of the UK Corporate Governance Code are:  \nFinancial Decisions  \nInvestment Decision  \n(Capital Budgeting Decision) Financing Decision  \nCapital Markets  \nKey effects of the capital marketson a firm’s decisions include:  \nAgency Theory  \nAgency Problem  \n(Principal-Agent Problem)  \nare used to help all stakeholders of an organisation in the decision-making process.  \nis a body that develops, issues, and withdraws accounting standards. The standards that are issued by the IASB are currently called International Financial Reporting Standards (IFRSs) .  \nThese are a set of high-quality global standards with an objective of harmonising standards for international accounting.  \nIt is a body in the UK whose objective is to ensure high standards of reporting and audit to promote investor confidence, enable the capital markets to operate efficiently and therefore to help drive economic growth.  \nIts purpose is to facilitate effective, entrepreneurial and prudent management that can deliver the long-term success of the company.  \n• Board Leadership and Company Purpose  \n• Division of Responsibilities  \n• Composition, Succession and Evaluation  \n• Audit, Risk and Internal Control  \n• Remuneration.  \nFinance involves two basic issues: Investment Decisions; and Financing Decisions.  \nIt is the decision of investing or not in real assets in order to create value.  \nIt is the decision of choosing the best combination of different sources of funds to finance investment and the operations.  \nrefer to the financial markets where companies can raise funds by issuing various types of securities to investors. For large, publicly quoted companies, the stock market serves as a performance monitor.  \n• Sound investment decisions require accurate measurement of the cost of capital.  \n• Limitations in the supply of capital focus attention on methods of raising finance.  \n• Mergers and takeovers create threats and opportunities to be exploited.  \n• ‘Externalities’ require managers to determine the appropriate role of organisation.  \nrefers to the relationship between a principal (Shareholder) and an agent of that principal (Directors/Top Management), namely to situations when the former do not act in the best behalf of the former. It includes issues such asthe nature of the agency costs, conflicts of interest (and how to avoid them) and how agents may be motivated and incentivised.  \nrefers to a conflict of interest that may arise when the interest of the principal (shareholder) is not aligned with those of the agent (manager) .  \n[www.ACTEXLearning.com](www.ACTEXLearning.com)  \n Need Help? Email [support@actexlearning.com](support@actexlearning.com)  \nCopyright © ArchiMedia Advantage Inc. All Rights Reserved  \nACTEX Learning Exam CB1 Formula & Review Sheet 2  \nAgency Cost","cbCaisBX2myK2632","https://ap.wps.com/l/cbCaisBX2myK2632","pdf",592974,21,"English","# Finance and Corporate Governance\n## The Financial Reports\n## Corporate Governance\n## Financial Decisions\n## Agency Theory\n## Agency Costs and Conflicts of Interest\n## Value of an Asset and Present Value\n## Economic Value Added (EVA)\n# Company Ownership\n## Types of Business Entities","[{\"question\":\"What financial reporting standards and bodies are summarized in the sheet?\",\"answer\":\"It lists the IASB, International Financial Reporting Standards (IFRS), and the Financial Reporting Council (FRC), describing their roles in setting and ensuring high reporting and audit standards.\"},{\"question\":\"How does the sheet explain corporate governance key principles?\",\"answer\":\"It outlines main principles of the UK Corporate Governance Code, including board leadership and company purpose, division of responsibilities, composition/succession/evaluation, audit/risk/internal control, and remuneration.\"},{\"question\":\"What business entity types are included under company ownership?\",\"answer\":\"It covers sole trader, partnership, limited companies, limited liability partnerships (LLP), public limited companies, private limited companies, and social enterprises, with brief descriptions of ownership and liability.\"}]","ACTEX Learning Exam CB1 Formula & Review Sheet - Finance and Corporate Governance - Company Ownership | PDF",1790489418,53]