King of the bonds loses kingdom

Posted by & filed under Accounting Careers, Accounting Theory, Contemporary Business Issues, Financial Reporting and Analysis, Succession Planning.

Description:  Bond King Bill Gross has resigned from the firm he founded. Gross left Pimco – Pacific Investment Management Co. – after a number of months of apparent internal struggles. Gross had been the face of the firm for over thirty years. But now his pictures have disappeared from the company website. The firm’s new… Read more »

Blackberry: Passport to a future?

Posted by & filed under Advanced Accounting, Auditing, Canadian Economy, Financial Accounting.

Description:  It was a big news week for Blackberry. First, the struggling technology company released a new handset called the Passport. Then, Blackberry announced its second quarter results. Although the company continues to lose money, its loss of 2 cents per share was considerably lower than the 16 cents per share anticipated by analysts. Source:… Read more »

Rule #1: Get re-elected

Posted by & filed under Canadian Economy, Public Finance.

Description: Former Nova Scotia Finance Minister, Graham Steele, has released a book describing his time in politics. Steele tells his readers of his deep disillusionment with the political experience. The Rhodes Scholar leaves the reader with a list of  rules from the rough and tumble game of politics. Rule #1: Get re-elected Source: Date:… Read more »

Huge IPO for Alibaba

Posted by & filed under Accounting Principles, Advanced Accounting, Intermediate Accounting, IPO's.

Description: In the largest initial public offering (IPO) in US history, Chinese internet marketer, Alibaba, began trading on the New York York Stock Exchange on Friday. Alibaba now has a market capitalization larger than a number of Silicon Valley heavyweights, including Facebook and Amazon. Yahoo, however, may be smiling quietly in the background. As an… Read more »

Should business give any credit for this tax credit?

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

Description: On September 11, Federal Finance Minister Joe Oliver delivered his first major policy initiative since taking over as Minister earlier this year, with his announcement of a Small Business Jobs Credit.  The aim of the credit is to reduce employment insurance premiums   which in turn may prompt small business to hire more workers. The… Read more »

Richest tax on the rich

Posted by & filed under Accounting Principles, Advanced Accounting, Canadian Economy, Canadian governments, Personal Tax, Tax Planning.

Description: New Brunswick is in the midst of an election campaign, leading up to the September 22, 2014 general election. Some have also said the province is also in the midst of a fiscal crisis, with one popular book on the province’s future using the words “Fiscal Cliff” in its title. In an effort to… Read more »

Having their say on pay

Posted by & filed under Accounting Theory, Advanced Accounting, Corporate Governance, Executive Compensation.

Description: Shareholders are beginning to flex a bit more muscle in Canada when it comes to executive compensation. In short, a recent survey of shareholder voting at some of Canada’s largest companies shows that voters may be aligning executive pay with return to shareholders. Source: Globe and Date: September 7, 2014, last updated September… Read more »

The quiet merger

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

Labour Day is often seen as a point of transition. Cottages are closed down for the year. Camping trailers are returned to storage for the winter. Summer turns into fall. This  September 1, 2014, Labour Day marked another transition of sorts in New Brunswick. September 1st this year marked the official launch of the Chartered… Read more »