Description: The recent New Brunswick election not only produced a new government; it also produced a rather intriguing situation when the vote counting machines malfunctioned, causing concerns about the process. Elections NB blamed the problem on a software malfunction. Meanwhile, a number of political officials have been calling for hand counts of the ballots. Source:… Read more »
Monthly Archives: September 2014
King of the bonds loses kingdom
Description: Bond King Bill Gross has resigned from the firm he founded. Gross left Pimco – Pacific Investment Management Co. – after a number of months of apparent internal struggles. Gross had been the face of the firm for over thirty years. But now his pictures have disappeared from the company website. The firm’s new… Read more »
Blackberry: Passport to a future?
Description: It was a big news week for Blackberry. First, the struggling technology company released a new handset called the Passport. Then, Blackberry announced its second quarter results. Although the company continues to lose money, its loss of 2 cents per share was considerably lower than the 16 cents per share anticipated by analysts. Source:… Read more »
Ouch ! – Home Depot Latest to be Hit
Description: Home Depot appears to be the latest big-name retailer hit by hackers stealing credit card data. Estimates suggests this problem could affect up to 60 million account holders with a cost of up to $3 billion. Home Depot is offering a variety of services to help users who may have been hit in this… Read more »
Rule #1: Get re-elected
Description: Former Nova Scotia Finance Minister, Graham Steele, has released a book describing his time in politics. Steele tells his readers of his deep disillusionment with the political experience. The Rhodes Scholar leaves the reader with a list of rules from the rough and tumble game of politics. Rule #1: Get re-elected Source: CBC.com Date:… Read more »
Huge IPO for Alibaba
Description: In the largest initial public offering (IPO) in US history, Chinese internet marketer, Alibaba, began trading on the New York York Stock Exchange on Friday. Alibaba now has a market capitalization larger than a number of Silicon Valley heavyweights, including Facebook and Amazon. Yahoo, however, may be smiling quietly in the background. As an… Read more »
Should business give any credit for this tax credit?
Description: On September 11, Federal Finance Minister Joe Oliver delivered his first major policy initiative since taking over as Minister earlier this year, with his announcement of a Small Business Jobs Credit. The aim of the credit is to reduce employment insurance premiums which in turn may prompt small business to hire more workers. The… Read more »
Richest tax on the rich
Description: New Brunswick is in the midst of an election campaign, leading up to the September 22, 2014 general election. Some have also said the province is also in the midst of a fiscal crisis, with one popular book on the province’s future using the words “Fiscal Cliff” in its title. In an effort to… Read more »
Having their say on pay
Description: Shareholders are beginning to flex a bit more muscle in Canada when it comes to executive compensation. In short, a recent survey of shareholder voting at some of Canada’s largest companies shows that voters may be aligning executive pay with return to shareholders. Source: Globe and Mail.com Date: September 7, 2014, last updated September… Read more »
Welcome new contributor, Brent White
Welcome our new Wiley Accounting Weekly Update contributor, Brent White Brent White is an Assistant Professor in the Ron Joyce Centre for Business Studies at Mount Allison University in Sackville, New Brunswick. Brent is a Chartered Accountant with an MSc in Management from the Queen’s School of Business in Kingston, Ontario. He is a relatively… Read more »
Burnley Understanding Financial Accounting, 3rd Canadian Edition
Kimmel Financial Accounting, 8th Canadian Edition
Weygandt Accounting Principles, 9th Canadian Edition
Kimmel Survey of Accounting, 2nd Edition
Kieso Intermediate Accounting, 13th Canadian Edition
Weygandt Managerial Accounting, 6th Canadian Edition
Farmer Cost Accounting, 1st Edition
Savage Accounting Information Systems, 1st Edition