Pension funds say on pay

Posted by & filed under Accounting Theory, Contemporary Business Issues, Executive Compensation.

Description: Three major pension funds are ready to throw out the board of Barrick Gold because they are concerned about the company’s executive pay plan. One of the three pension funds also expressed concerns about pay practices at CIBC. Although these funds are only minority shareholders, their public statements may raise important points regarding concerns… Read more »

Mobile gaming rewards

Posted by & filed under Corporate Strategy, Managerial Accounting.

Description:  McGill grad Jeremy Zuckerman is looking to disrupt the world of mobile gaming. He plans a unique strategy of paying cash rewards to players of games offered by his company WINR Games. Success does not come easily in this $21 billion industry, so it will be interesting to see if Jeremy’s reward ploy works… Read more »

Shopify to go public

Posted by & filed under Canadian Economy, Financial Accounting, Managerial Accounting.

Description: Ottawa area tech company Shopify is getting set to go public, perhaps helping to put some lustre back on Canada’s tech image after well-publicized problems at Blackberry and Nortel. The initial public offering is expected to raise in the range of $100 million for the company. Shopify provides an internet platform that retailers can… Read more »

Down, but is it out?

Posted by & filed under Canadian governments, Taxation.

Description: Last week Globe and Mail political  writer Jeffrey Simpson had a tersely worded warning for one Canadian province: “New Brunswick is flat on its fiscal back.” The article noted that New Brunswick is “the worst case in Canada” in terms of fiscal problems. One issue seems to be a reluctance to raise the harmonized… Read more »

A sweet story

Posted by & filed under Accounting Principles, Corporate Strategy.

Description: It’s spring.  The sap is flowing. And the world’s largest maple syrup producer, the Province of Quebec, is facing increased competition from American competitors. Whereas Quebec once controlled 80% of the market through its tight supply management system, it is predicted that by 2018, that figure could drop to 63%. Source: Globeandmail.com Date:  April… Read more »

Accounting control and the Senate

Posted by & filed under Accounting Careers, Auditing, Ethics, Public Finance.

Description: In the news last week – and presumably for the next few weeks to come – it was hard to escape mention of the trial of suspended senator Mike Duffy. The media seems fixated on the trial. One thing that has emerged seems to be very wide interpretation of what expenses allowed under the… Read more »

Art auction surprises Christies

Posted by & filed under Accounting Principles, Accounting Theory, Auditing.

Description: Two anonymous 19th century Canadian paintings sold last Wednesday in London for a lot price of close to $1 million. This was over a dozen times Christie’s original estimate of what the lot might attract. A representative of Christies auctioneers was obviously “thrilled.” Source: Globeandmail.com Date:  April 1, 2015 Link: http://www.theglobeandmail.com/arts/art-and-architecture/paintings-netting-nearly-1-million-set-new-benchmark-in-canadian-art-sales/article23757063= Discussion Points: 1)… Read more »

MEC’s new space

Posted by & filed under Accounting Careers.

Description: Mountain Equipment Co-operative (MEC)  has a brand new head office space in Vancouver and it seems to be one that fits MEC’s vision. The four-story HQ which has an employee lounge with mountain views, in addition to a climbing wall and bike lockers, is about 70% more energy efficient than  comparable commercial buildings. CFO… Read more »

MBA in decline?

Posted by & filed under Accounting Careers, Student life.

Description: There are over 40 MBA programs in Canada and many, many more in the United States. A funny thing happened after the financial crisis though. Canadians have been enrolling in MBA programs in smaller numbers, causing a number of those concerned to begin rethinking the MBA model. Source: GlobeandMail.com Date:  April 3, 2015; updated… Read more »

The Atcon affair

Posted by & filed under Auditing, Canadian governments.

Description: In most Canadian jurisdictions, citizens would be upset if their government lost $70 million of hard-earned taxpayers’ dollars. But in a small jurisdiction like New Brunswick, the pain is magnified. On March 24, Auditor General Kim MacPherson, released a report on the NB government’s loss of $70 million for various financial arrangements it had… Read more »