Garment factories fail inspections

Posted by & filed under Advanced Accounting, Cost Accounting, Ethics.

Description: When a garment factory collapsed in Bangladesh in April 2013, calls rang out for change. Yet recent inspections of 1,100 Bangladeshi garment factories found safety hazards in them all. In approximately 20 factories, the inspections revealed conditions severe enough to provoke immediate closure. Source: Industry Week.com Date: October 14, 2014 Link: http://www.industryweek.com/safety/retailers-find-80000-safety-hazards-bangladesh-factories Questions for… Read more »

University budget questions

Posted by & filed under Accounting Principles, Advanced Accounting, Canadian governments.

Description: In August, 2014, the Ontario government signed goal-setting agreements with the province’s 44 post-secondary institutions. This process was supposed to be step number one in changing the way the institutions are funded. Concerns are being expressed on how demographics and changes to funding may impact individual universities. Source: Globe and Mail.com Date: October 11,… Read more »

Google ad revenue misses target

Posted by & filed under Corporate Strategy, Cost Accounting, e-Commerce, Financiall Statement Analysis.

Description: It’s big. Real big;  Big like  $16.52 billion. And it’s up 20% from last year. But Google’s third quarter advertising revenue failed to meet analysts expectations, while its key metric of cost-per-click continued a downward trend. Source: Globe and Mail.com Date: October 16, 2014 Link: http://www.theglobeandmail.com/report-on-business/international-business/us-business/googles-profit-slips-misses-estimates/article21131630/ Questions for Discussion: 1) So what exactly are… Read more »

Mega Media Merger

Posted by & filed under Accounting Careers, Advanced Accounting, Canadian Economy, e-Commerce.

Description:  A couple of Canada’s oldest print media chains joined forces in a major merger this past week. Quebecor divested itself of the Sun media chain in a sale to  Postmedia. Some observers believe this type of consolidation in the industry is essential in the face of a changing media landscape. Source: Global News.com Date:… Read more »

Battle turns messy

Posted by & filed under Accounting Careers, Auditing, Corporate Strategy.

Description:  Divorce can be complicated enough. But throw in major business interests involving  both partners and divorce can expand to include major issues of corporate governance, strategy, and costing. These issues have come to the fore in Ottawa recently, where Brian McGarry wants his ex-wife Sharon McGarry removed from the board of Wakefield Crematorium, alleging… Read more »

Sorry – can’t tell you what that cost

Posted by & filed under Canadian Government, Cost Accounting.

Description:  I once had a boss who said one of the  problems with a government he worked for was the weakness of its cost accounting systems. I was reminded of that once again this past week when I read about our federal government not disclosing the cost for reorganizing Elections Canada.  The stated reasons for… Read more »

Not the fantasy world we were dreaming of

Posted by & filed under Accounting Careers, Canadian Economy, Canadian governments.

Description:  When I was much younger, futurists dreamed of a day when the work week would be much shorter. What would we do with our high standard of living and all this leisure time? Well, according to Saturday’s Globe and Mail, many have reached the 15 hour work week. But that is a problem –… Read more »

K-cup versus Club

Posted by & filed under Canadian Economy, Financial Accounting, Marketing & Strategy, Student life.

Description:  They’ve transformed the coffee world, these single-serve brewing units like Kuerig and Tassimo. And now a Toronto company, Club Coffee LP, is suing Kuerig Green Mountain Inc for alleged anti-competitive practices. Club Coffee makes its own pods which are compatible with the Kuerig machines. And the patent on the K-Cup technology has expired. But… Read more »

What ever happened to peak oil?

Posted by & filed under Accounting Theory, Advanced Accounting, Canadian Economy.

Description:  Not so long ago, it seems, we were hearing all kinds of talk of peak oil. Speculation abounded on what this might mean for  oil prices and their impact on economic prosperity. But now, in spite of various international crises, world oil prices are in decline. Oil prices have hit a two year low amid… Read more »

Should we be recounting?

Posted by & filed under Auditing, Canadian governments.

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 »