Target’s creditors still waiting

Posted by & filed under Accounting Principles, Financial Reporting and Analysis.

Description: One year ago Target announced the end of its short-lived Canadian experiment and quickly exited the country. But landlords, suppliers and other creditors are still waiting to find out how much they might recover. Creditors could be waiting for months to hear the answer. Source: Globeandmail.com Date: January 14, 2016 Link: http://www.theglobeandmail.com/report-on-business/a-year-after-target-bolted-canada-creditors-still-face-uncertainty/article28199218/ Discussion Points:… Read more »

Could accountants help here?

Posted by & filed under Accounting Careers, Public Finance.

Description: The CEO overseeing 2/3 of the provincial hospital system says major changes are needed and that we need to move away from the traditional reliance on hospitals. But the politician overseeing New Brunswick’s strategic program review says that there won’t be any major cuts to health care and education. Citizens have been left wondering… Read more »

Big year for auto sales

Posted by & filed under Canadian Economy.

Description: Both Canada and the United States saw record auto sales in 2015. A number of factors appear to have contributed to the big year, including low petroleum prices and low interest rates. Pent-up demand is another likely influence, a factor which may continue to play a role as Canadians are driving a record 10… Read more »

Try this!

Posted by & filed under Accounting Careers, Accounting Theory.

Description: Looking for an edge as you graduate this spring and look ahead to your career? Could it be as simple as trying three simple things? Columnist Leah Eichler offers three simple tips to give you an edge at work: Stretch yourself Tell great stories Be happy Source: Globeandmail.com Date: December 31, 2015 Link: http://www.theglobeandmail.com/report-on-business/careers/career-advice/life-at-work/three-simple-strategies-for-keeping-your-edge-at-work/article28081974/… Read more »

Goodbye to deferred charges

Posted by & filed under Advanced Accounting, Corporate Strategy.

Description:  At one time, mutual fund companies dominated the retail sales market for mutual funds. And part of those days were big deferred sales charges (DSC) levied when retail investors wanted to cash in their holdings. But many players in the industry have moved away from deferred charges, to the point where Globe and Mail… Read more »

Let’s take a walk

Posted by & filed under Accounting Careers, Student life.

Description: Steve Jobs was fond of it. And apparently so too is John O’Donnell, the CEO of Allstate Insurance in Canada. Mr. ODonnell and his staff can often be found in a walking meeting, roaming the paths around  Allstate’s Markham head office. There are benefits to thinking outside the box of the office walls as… Read more »

Fear of Fintech

Posted by & filed under eCommerce, Managerial Accounting.

Description: Technology disrupts. Ask the taxi drivers upset with Uber. Or the hotel owners coping with competition from Airbnb. Now the banking industry is concerned that so-called fintech startups may cause users to question the value of a relationship with a traditional bank. For example, new payment processors are offering businesses much lower transaction fees… Read more »

Canada’s export edge

Posted by & filed under Accounting Careers, International Business Operations.

Description: A December 2015 report from the Conference Board of Canada discusses Canada’s growth potential in the expanding world market for services. Information processing and professional services are a couple of the key areas offering opportunities in this global marketplace. The report notes that one of the important strategic moves that will help fuel growth… Read more »

Is it too small to measure?

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

Description: The Ontario government has delivered close to $1.5 billion in support to business since 2004. But Ontario Auditor General Bonnie Lysyk revealed last week that the government can’t tell its citizens whether or not all this funding has produced jobs or economic growth. The province’s minister responsible for the economic development portfolio countered that… Read more »

How’s your power bill?

Posted by & filed under Auditing, Canadian Government, IPO.

Description: Consumers are not fond of rising power bills. But how would you feel if you were an electricity consumer last week when provincial Auditor General Bonnie Lysyk reported that citizens of Ontario paid $37 billion in excess of market prices over an eight year period. That’s billion with a “B” folks. It comes at… Read more »