The most common household

Posted by & filed under Accounting Careers, Student life.

Description:   Did you know the most common type of household in Canada is now “solo?” Approximately four million Canadians are living alone, a huge increase from the early 1980s when the number was closer to 1.7 million. Grocers are moving to respond, with an increase in single serve offerings. Travel companies like Air Canada, Transat… Read more »

Don’t pass the Heinz

Posted by & filed under Accounting Careers.

Description:   After a pretty good start following a 2015 merger of food giants Kraft and Heinz, it looks as if now the bloom may be off the rose. Company shares recently dropped twenty percent with concern in the market about slow growth and changes in consumer tastes. Some have wondered if the cost-cutting regime imposed by… Read more »

MLAs looking for answers

Posted by & filed under Accounting Careers, Internal control.

Description:   Nova Scotia MLAs on the Public Accounts Committee were looking for answers this week in terms of what had gone wrong at the IWK Health Centre. Several months ago the former CEO and CFO of the region’s largest children’s hospital were charged for their handling of expense account issues. In further questioning, MLAs zeroed… Read more »

That thin $200 line

Posted by & filed under Accounting Careers, Student life.

Description:  It’s a pretty thin line separating about half of Canadians from financial pain. CTV Winnipeg reported that close to half of Canadians are within $200 of insolvency when the end of the month rolls around. About 40% of Canadians foresee that they will be going deeper into debt this year to cover off their… Read more »

Why a retirement crisis?

Posted by & filed under Accounting Careers.

Description:  The popular theory is that Canadians are starting their savings plan for retirement too late, and thus they are not putting enough in the bank for the days when they will no longer be working. A new survey is showing though that procrastination may not be the biggest problem people have in trying to… Read more »

Snow plow woes

Posted by & filed under Accounting Careers.

Description:  So they have large and expensive houses there on Yacht Haven Lane in Saint John, New Brunswick, and so of course they pay their fair share of property taxes. You can imagine then, that the Yacht Haven Lane residents would expect the City to plow their road. But years ago, when the property developer,… Read more »

Problems at GE

Posted by & filed under Accounting Careers, Financial Accounting.

Description:  For many years, General Electric (GE) was a darling of the stock market, hitting target after target and pursuing solid growth. But now, analysts are sounding alarm bells. There are liquidity concerns about GE, as well as an ongoing investigation of its insurance business. In addition, there may be possible tax issues to deal… Read more »

Out of stock!

Posted by & filed under Accounting Careers, Managerial Accounting.

Description:  How did this happen? So, you’ve probably heard that marijuana has been legalized and there are now a variety of ways to buy it, depending on where you live. But in New Brunswick, where the government has chosen a Crown corporation model, at least 12 of the roughly twenty Cannabis NB stores were shut… Read more »

Caught them napping

Posted by & filed under Accounting Careers, Student life.

Description:  According to a recent survey by Robert Half, over three-quarters of Canadians are tired at work on a fairly regular basis. If you are tired, it is more difficult to put in a strong effort at work. More mistakes can happen. Profits could suffer. Productivity catalyst Clare Kumar argues that both management and the… Read more »

That’s billions with a “b”

Posted by & filed under Accounting Careers.

Description:  It’s been a source of dispute between Newfoundland and Quebec for many years. But the Supreme Court ruled this week that there is no need to reopen the 65 year agreement covering the Churchill Falls hydro development. The problem is that Hydro Quebec has earned about 27.5 billion  dollars from the project because the… Read more »