Description: A service outage by online payment processor Moneris on Saturday caused all sorts of problems for retailers and their customers. Darren Leroux of Moneris said that the system outage was approximately 90 minutes, impacting both debit and credit payments. Moneris indicated that this outage did not appear to be related to any sort of… Read more »
Posts By: Brent White
Biosteel’s Big Name Creditors
Description: Failed sports drink company Biosteel has left some big-name creditors on the hook. The company owes over $400 million to creditors and its financial problems appear to be linked to its strategy of recruiting expensive professional athletes for its marketing efforts. Several NBA franchises are owed hundreds of thousands of dollars. TSN and Rogers… Read more »
Alberta Wants What?
Description: Half of the money in the Canada Pension Plan (CPP); that’s what Alberta wants for what it says is its share of the CPP. Not so fast, say experts. Before Alberta can withdraw it’s share out of the plan – if it even can – other Canadian provinces may have something to say about… Read more »
Messy Breakup for Accountants?
Description: It sounds like a bit of a messy breakup for Canada’s professional accountants. In June, the provincial bodies for Chartered Professional Accountants in both Ontario and Quebec informed the national umbrella organization, CPA Canada, that they were triggering the withdrawal mechanism that would see them leave in 18 months. Meanwhile though, six former chairs… Read more »
And Here Comes Another iPhone
Description: Wired is calling it a new era for Apple. The iPhone 15 had its splashy kickoff last week, and one big change is the lightning port has been replaced by the USB-C port, meaning all your Apple devices can now be charged with the same cord. On the Pro Max model, Apple has introduced… Read more »
Twenty-Year Coding Error
Description: Injured workers in Ontario may have been surprised this week when the Workplace Safety and Insurance Board (WSIB) announced that more than 100,000 workers would be receiving payments to make up for being “shortchanged” over the last twenty years. These payments will total approximately $42 million. The situation can be attributed to a coding… Read more »
Square Problem
Description: Payment processing company Square was facing problems on Thursday and Friday as customers were unable to access their accounts. Square has been a popular innovation for small vendors who use it to process payments from customers. The system outages also impacted Cash App, an application that is not available in Canada. Date: September 8,… Read more »
Rat Infested?
Description: Rat infested: It’s a headline that kind of gets your attention eh! When it comes to a description of our Prime Minister’s official residence, it’s a sad summary statement on the state of a public building. Justin Trudeau has not occupied 24 Sussex, his childhood home, since he was elected in 2015. And his… Read more »
Not Much to Hear
Description: Last week this blog spoke of how New Brunswick’s auditor general, Paul Martin, was about to face questions from a legislative committee on why so many staff (over one-third) have been leaving his office since the start of this year. But for Mr. Martin, it does not appear to have been all that much… Read more »
Auditing the Auditor?
Description: If you are an auditor general, you’re probably used to being the one asking the questions. Auditors general in Canada are generally highly esteemed in the public and the press, and rarely have to face scrutiny of their own. But on September 7 the Auditor General of New Brunswick may face challenging questions from… 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