The bailout story

Posted by & filed under Accounting Careers, Accounting Principles, Canadian Government, Financial Reporting and Analysis.

Description: One intriguing chapter in the most current report by Canada’s Auditor General, Michael Ferguson, discussed the AG’s examination of the 2009 government bailouts of Chrysler and General Motors. Ferguson reported as much as $4 billion of the governments’ investment could be lost if the federal and Ontario governments trade in their shares too early…. Read more »

Buy back at Samsung

Posted by & filed under Financial Accounting, Financial Reporting and Analysis, Marketing & Strategy.

Description: Technology giant Samsung cheered up its investors recently through a major share repurchase. With profits falling, Samsung dug into its treasure chest of cash to placate investors, giving it time to rethink strategy. Samsung appears to be following the trend of several US technology companies that have used their cash surpluses to buy back… Read more »

Canada Post posts profits

Posted by & filed under Advanced Accounting, Canadian Government.

Description: A few months ago, Canada Post was crying poor, predicting it would lose over $270 million before taxes. In this climate of loss, Canada Post announced an end to home delivery of mail in an effort to cut costs. This past week, however, Canada Post announced it has income of over $80 million for… Read more »