Microsoft Acquires Activision

Posted by & filed under Financial Accounting, Student life.

Description: Big Tech giant Microsoft wants to grow bigger. Tuesday of last week Microsoft announced it is acquiring video game maker Activision in a cash deal totaling almost $69 billion. Activision’s products offer an advantage to Microsoft in the emerging virtual world. Some U.S. regulators are signalling, however, that they may take a hard look… Read more »

Should Salary Info be Open?

Posted by & filed under Accounting Careers.

Description: When you find out a colleague who is bringing in less revenue to the company is making more money than you, that can sting. That’s exactly what happened to Jen Aitchison one night when she was out with some co-workers for a couple of drinks after work. Some, like HR professional Allison Venditti, argue… Read more »

Reitmans Out of Protection

Posted by & filed under Advanced Accounting, Corporate Strategy.

Description: Fashion chain Reitmans is exiting creditor protection after 20 months. The company, with HQ in Montreal, has paid its creditors roughly $95 million, about 1/2 of the amount owing based on public disclosures provided by the monitor Ernst & Young Inc. in September 2020. Between its Reitmans brand and its related stores, RW&CO and… Read more »

Taxing the Unvaxed

Posted by & filed under Accounting Careers, Personal Tax, Student life.

Description: Desperate times call for desperate measures. With unvaccinated citizens having a much higher probability of being hospitalized by contracting Covid-19 than vaccinated citizens, the Government of Quebec responded this week by announcing its intent to begin assessing penalties upon the unvaccinated. Premier Legault said $50 or $100 would not be enough. It remains to… Read more »

Netflix Rising

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

Description: If you’re a Netfllix subscriber, get prepared to dig a bit deeper into your pocketbook. The monthly rate for the two-stream plans in Canada are heading to $16.49 from the current price of $14.99. Netflix asserts that the increase will help the company provide a “better experience” in a market that seems to be… Read more »

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 »