Description: Asset Recycling is a fancy phrase Canadian governments are now using for what we used to call privatization – another invented word that grated on many when it entered the vocabulary. Asset recycling means that governments will sell off older ‘legacy’ capital assets – like in Ontario’s partial sale of Ontario Hydro – in… Read more »
Posts By: Brent White
Luxury and privacy
Description: Last week’s news featured the rather shocking jewellery robbery at the private hotel of celebrity Kim Kardashian. In addition to all the usual reality television hype, the theft did throw a spotlight on an ‘unknown’ hotel, L’hôtel de Pourtalè. It’s representative of a growing number of private luxury residences, attracting groups of wealthy travelers… Read more »
Voting power
Description: The Canadian federal government is on its way to giving shareholders increased power to vote against a board director. Under the rules right now, voters can only withhold a vote for a nominee they are unhappy with. This means, theoretically, that a “bad” director could be elected with a single vote if all other… Read more »
CRA and the Panama Papers
Description: Look out: the Canada Revenue Agency (CRA) is coming for you. That is, if you are one of the over 2,500 Canadians named in the Panama Papers. It’s too late for voluntary disclosure according to the CRA. This means that those investigated could face penalties if the results of audit indicate taxes are owing… Read more »
Wells Fargo Woes
Description: Not too many people would have wanted to be in the shoes of Wells Fargo CEO John Stumpf last week as he faced a grilling from US politicians over his bank’s tactics. Employees had been accused of opening customer accounts without their clients’ knowledge in an effort to meet sales targets. In cases, Stumpf conceded,… Read more »
Phoenix fallout
Description: It was supposed to be one of the centerpieces of the former Conservative government’s efforts to prove they were the ones to deliver savings and efficiency in the way the public sector delivered services. But now with weeks of stories on how employees have gone without pay cheques or been paid the wrong amount,… Read more »
Exxon and the SEC
Description: The US Securities and Exchange Commission (SEC) is conducting an investigation into the way Exxon has been accounting for its oil reserves. The SEC – plus a number of state authorities – have been posing questions as to why Exxon has not joined other oil and gas producers in writing down the value of… Read more »
#AuditorProud?
Description: In our world of hashtags galore, perhaps this one took you by surprise: #AuditorProud. It’s an effort to attract more people to the accounting profession and show the role of the auditor in capital markets. This is the second such #AuditorProud day, sponsored by the Centre for Audit Quality – an organization associated with… Read more »
Emotional agility
Description: Are the assignments beginning to pile up already? Have you missed a deadline or an important meeting this term? Feeling a bit overwhelmed by the pace and complexity of your university life? Perhaps it’s time for you to read about Emotional Agility: that’s a term developed by Harvard psychologist Susan David and she sees… Read more »
Payday loans and poverty
Description: They are regulated in most Canadian provinces. But payday loans still have astronomically high rates ranging from 456 percent to 639 percent. Don’t be fooled by the simple phrase of $15 for a $100 loan. When you figure out the math on an annual basis, you can see why Professor Jerry Buckland is calling… 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