Publication Year


ISBN: 9781552213247-02

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Fundamental Financial Concepts

From: Understanding Financial Statements


Outlines fundamental financial concepts, focusing on money measurement, annual reporting, time and allocation, conservatism, revenue recognition, misconceptions about accounting, the time value of money, bond valuation, the power of compounding and business valuation.



Vern Krishna

Vern Krishna, CM, QC, FRSC, FCGA, MCIArb, earned a B Comm (Manchester), MBA, LLB (Alberta), DCL (Cambridge) and LLM (Harvard). He is a professor at the University of Ottawa Faculty of Law. He is also of Counsel, Borden Ladner Gervais LLP and Executive Director of the Tax Research Centre at the University of Ottawa. Professor Krishna is a member of the Order of Canada and a Fellow of the Royal Society. He has been a Bencher of the Law Society of Upper Canada since 1991 and served as its Treasurer from 2001–03.