MD&A (Management Discussion & Analysis) – Counterpart to or Distraction from Financial Reporting Introduction The MD&A is an important component of a company’s reporting obligation. Intended to provide investors with more comprehensive information of financial outcomes, MD&A permits greater opportunity to present both short and long-term analysis. A study published by Contemporary Accounting Research indicated… Read more »
Posts By: Gerry La Rocca
Going concern: When should the watchdog bark?
International accounting standards definition of Going Concern: ‘a going concern … will continue in operation for the foreseeable future … [and] … has neither the intention nor the need to liquidate or curtail materially the scale of its operations’ The purposes of the going concern assessment: To determine whether the financial statements give a true… Read more »
A new CPA certification program ,effective May 16, 2012
A new CPA certification program Canada’s new chartered professional accountant (CPA) designation became a reality May 16, 2012, with the merger of Quebec’s CA, CMA and CGA bodies. To support CPA Quebec, and in preparation for anticipated merger developments in other parts of Canada, work on the proposed CPA certification program is getting underway. This… Read more »
March is Fraud Prevention Month, is your business fraud savvy?
Top 5 Fraud Prevention Tips for Businesses Raise awareness. A significant number of frauds are detected either accidentally or as a result of tip-offs. This reinforces the importance of raising fraud awareness in the workplace. Organizations should emphasize that it is everyone’s responsibility to find and report fraud. Find the red flags. Fraud cannot be… Read more »
Technology for Performance Measurement
Technology for Performance Measurement Performance Management and reporting is critical for every organization whether small or large, Private or Public. It’s also the source of many questions and assignments we work on in assisting our clients. There is little doubt that leveraging technology to help deliver an organization’s performance measurement framework can be very beneficial…. Read more »
Facebook IPO Filing Reveals Its Stunning Size: A Private Jet, $1 Billion In Profits
How BIG is Facebook? We knew Facebook was big : you don’t get to 800 million users without making a few bucks — but until today, we didn’t know just how big. Facebook filed papers for an initial public offering on Wednesday, pulling back the curtains on the inner workings of the world’s largest social networking… Read more »
The accounting profession welcomes the tabling of the bill creating the Ordre des CPA du Québec
Montreal, March 28, 2012 – Today, Jean-Marc Fournier, Minister of Justice and Minister responsible for the application of professional legislation, tabled Bill 61, Chartered Professional Accountants Act, that will constitute the Ordre des comptables professionnels agréés (CPA) du Québec. The CA Order, the CGA Order and the CMA Order welcomed the news. Another milestone in… Read more »
2012 Federal Budget Highlights
List of a few Budget Highlights Hiring credit for small business Last year’s budget introduced a temporary Hiring Credit for Small Business of up to $1,000 per employer. The 2012 budget proposes to extend this temporary credit for one year. In particular, a credit of up to $1,000 against a small employer’s increase in its… Read more »
2012 Canadian Federal Budget
The 2012 Canadian Federal Budget The 2012 Canadian Federal Budget will be presented in the next few weeks. KPMG is committed to helping you determine how these changes will affect you and your business. Finance Minister Jim Flaherty will deliver the Conservative government’s 2012 federal budget on March 29, 2012. With a majority government in… Read more »
Procurement Fraud, Are You Prepared?
As accountants and financial directors we need to be aware that:Pressures and incentives, opportunity, and rationalization is a common human element which management must be aware of. Abuse within the procurement cycle (Purchasing Dept.) is common and can be damaging, from the magnitude of potential monetary losses to the reputational damage that can come from a… 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