Bring Back Pandemic Premium?

Posted by & filed under Ethics, Managerial Accounting, Student life.

Description: Early in the Covid crisis, many lauded grocery strore chains as they cranked up the salaries of front line employees with “Hero Pay.” But the “Hero Pay” premium has all but disappeared, while at the same time grocery chain profits have generated big bonuses for company executives. This has prompted pressure from various voices… Read more »

Good Year for Vinyl

Posted by & filed under Marketing & Strategy, Student life.

Description: In the music business, 2021 was a good year for Adele; and for vinyl records. Though vinyl accounts for only 2% of U.S. music sales, for the first time since 1991, vinyl outsold CDs as the primary physical medium. Of course, streaming outstrips these older technologies by a huge order of magnitude. Date:  January… Read more »

New Auditor; Same Old Issue

Posted by & filed under Auditing.

Description: As the CBC story says, last Wednesday the former Provincial Comptroller, Paul Martin, was packing up his old office at Chancery Place in Fredericton, and getting ready to move down the street where he will now serve as the Province of New Brunswick’s Auditor General. The move is not without some controversy, as accountants,… Read more »

Starbucks Encore?

Posted by & filed under Accounting Careers, Student life.

Description: Last week this blog featured a story of how Starbucks employees in Buffalo unionized the first Starbuck’s location in America. Following quickly on that move came news this week of two locations undertaking similar certification efforts in Boston. Union organizers say they anticipate that Starbucks will respond with anti-union tactics, much as happened in… Read more »

Another Wave

Posted by & filed under Accounting Principles, Student life.

Description: It’s another blow from the Covid crisis hitting us as 2021 winds down This latest wave of the epidemic is causing problems for schools and universities. Exams are being postponed or moved online. Public schools are closing early for the Christmas break. Amid the turmoil comes this news of the need for better ventilation… Read more »

The Upstart Engines

Posted by & filed under Accounting Careers, Data security.

Description: There’s probably not much chance that any of the search engines like Neeva, DuckDuckGo, or You.com will supplant Google as the world’s number one search engine anytime soon. Google owns over 90% of the market, with Microsoft’s Bing the next largest at roughly 2.5%. Yet, by offering more privacy, fewer ads, and better results,… Read more »

Starbucks Employees Unionize

Posted by & filed under Canadian Economy, Student life.

Description: Starbucks employees in Buffalo have voted to become the first unionized Starbuck’s location in the United States. Former U.S. Secretary of Labor, Robert Reich, views this as symbolic of recent labour force trends, where employees are somewhat emboldened, reconsidering their options in the face of the Covid-19 economic and social trends. Starbucks has been… Read more »

Inflation! Inflation!

Posted by & filed under Canadian Economy, Student life.

Description: Friday the United States released its latest inflation data, showing that prices had climbed 6.8 percent over November 2020 This places inflation at rates not seen in about 40 years. Canadian results are expected to be somewhat similar. Canadians carrying debt need to take a look at their finances in the face of what… Read more »

Threats to Independence

Posted by & filed under Ethics.

Description: Well, they’ve gone and done it again. That’s three times in a row now that the Province of New Brunswick has gone ahead and appointed its Comptroller as its Auditor General, without the benefit of any cooling-off period. It seems very difficult to understand how this key financial officer in government – in this… Read more »

Sweet News

Posted by & filed under Accounting Principles, Student life.

Description: I suppose you could call it sweet news: the recent announcement that the Quebec Maple Syrup Producers (QMSP) will provide the supply chain with 22.7 million kilograms of its well-known product from its strategic reserve. Quebec dominates the world market for maple syrup, controlling over 70% of global production. QMSP’s reserve is a key part of its supply… Read more »