Description: Friday, November 10, was International Accounting Day. For a discipline that is used to operating out of the limelight, this is one day of the year that focuses on what exactly it is that accountants do. Accounting can be traced back thousands of years to the ancient civilization of Mesopotamia. International Accounting Day comes… Read more »
Posts By: Brent White
Canadian Tire Layoffs
Description: It’s hard to figure out what’s going on these days in the job market. One day, restaurants and retailers are jamming their windows with help wanted signs. Then, you turn around and find retail giant Canadian Tire is laying off three percent of its workforce, citing declines in business as prompting the move. Reports… Read more »
Giving With Impact
Description: According to Canada Helps, Canadians make 30% of their charitable donations in December. A survey by AFP Foundation for Philanthropy found that Canadians would give more if they were better informed around the impacts that their donations help achieve. Brad Offman, CEO at an organization that provides consulting services to charities, says that “there’s… Read more »
Sam Bankman-Fried Guilty
Description: Sam Bankman-Fried has been found guilty of fraud for his actions around cryptocurrency company FTX. The jury deliberated for three days after a trial that lasted about a month. U.S. attorney Danielle Sassoon characterized Bankman-Fried as using customers money as a “personal piggy bank.” For his part, Bankman-Fried testified in his own defence that… Read more »
A Costly Internal Control Lapse
Description: The Royal Bank of Canada (RBC) has reached an $8 million settlement that will see it pay out this total, split among three different securities regulators. The Ontario Securities Commission Capital Markets Tribunal approved the settlement for RBC’s control weaknesses in differentiating between capital and operating expenditures in software development. RBC offered that the… Read more »
Big Fine for Deloitte
Description: In what could be described as somewhat of an embarrassment, Big Four audit firm Deloitte has been fined $1.59 million by CPA Ontario, the governing body for the accounting profession in that province. Deloitte’s problem was that some employees engaged in “deliberate backdating” of audit working papers on close to 40 audits. Somehow the… Read more »
Students Failing on Online Security
Description: If online security were a university course, many Canadian post-secondary students would have a failing grade, at least according to survey results from RBC’s Students and Fraud Poll. Eighty percent of the students admit to vulnerabilities, including 28% who had shared their passwords on debit and credit cards. With fraudsters becoming more resourceful, it’s… Read more »
The Great Pressure Cooker Recall
Description: Electronics retailer Best Buy is recalling one million pressure cookers after 17 customers have experienced burns. Best Buy will not provide replacements or refunds if your return the item to the store. Rather, the company insists consumers register online to receive satisfaction. Date: October 27, 2023 Source: ctvnews.ca Link: https://www.ctvnews.ca/business/best-buy-recalls-nearly-1-million-pressure-cookers-after-reports-of-17-burn-injuries-1.6620286 Discussion points: 1) Have… Read more »
Air Canada Trying to Settle
Description: Air Canada has been offering disgruntled customers cash or vouchers to settle their claims for travel interruptions. Thousands of Canadians have taken their disputes with Air Canada to the Canadian Transportation Agency (CTA), piling up a backlog of over 60,000 claims for compensation for disrupted travel and other matters. Air Canada maintains it pays… Read more »
The Exchangeable Cup
Description: A&W appears to be taking a lead in environmental action by bringing to market an exchangeable beverage container through its new One Cup program. For a small $3 fee, the customers can receive this reusable cup that can be exchanged for a clean one each time they order their favourite A&W beverage. In addition,… 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