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 »
Posts Categorized: Accounting Careers
Household debt rising in Canada
Description: One downside of the long period of low interest rates is that consumers have been piling on the household debt. With income growth in trouble, debt is growing faster than household income. Canadians now owe almost $1.70 per every $1 coming in. The Bank of Canada is concerned about the impact of these debt… Read more »
What did you work at this summer?
Description: This past Saturday the Globe and Mail Report on Business featured a rather different sort of an article where ten highly successful Canadians talked about their summer jobs of years gone by. Finance Minster Bill Morneau talked about the value of hard work at his summer jobs. David McKay of the Royal Bank noted… Read more »
Duffy not guilty
Description: It would have been hard to miss it, the news of Senator Mike Duffy’s acquittal on all 31 criminal charges he faced for his role in the Senate expense controversy of recent years. The trial judge said Senator Duffy may have made various administrative errors in his expense claims, but there was nothing of… Read more »
Shareholder pressure up; salaries down
Description: With shareholder pressure on the uptick, the latest survey of salaries among Canadian bank executives shows that overall compensation is down. Board’s may be looking at performance benchmarks more closely, accounting for some of the reduction in salary. But it is possible that the fact that four of the five CEO’s at the largest… Read more »
Those Panama Papers
Description: It was hard to miss the news this past week of the so-called Panama Papers. This vast leak of over 12 million documents has provided lots of data on potential tax avoidance for journalists to sort through, and plenty of headaches for politicians and public figures forced to account for dealing with the Panamanian… Read more »
And so it continues . . .
Description: And so it continues. The Blackberry bad news keeps coming, almost like the old football penalty of piling on. Despite introducing a new Android device called the Priv phone, revenue for the quarter declined. Blackberry failed to meet analysts’ revenue projections, despite this new device which combines the advantages of Blackberry’s vaunted security with… Read more »
What do you want to do for the rest of your life?
Description: A study funded by the Canadian Education and Research Institute for Counseling has shown that educators can begin reaching out to children as young as those in grade 5 with career choices. The Career Trek program, in partnership with two Manitoba universities, began introducing students to career information in grade 5. Then it follows… Read more »
50 Cents Worth
Description: Hip hop entertainer 50 Cent has lots of assets. The only problem is, he has even more liabilities. His application for bankruptcy hit a bit of a road block this week when an attorney representing the trustee’s office asked for a deeper look at the rapper’s finances. The questioning appeared to have been prompted… Read more »
Delinquency up in Alberta
Description: According to the credit rating agency, Equifax Canada, Albertans have the highest debt levels of all Canadians. What’s more, delinquencies are up over 25% from the previous year. Perhaps this delinquency stat should be of no surprise, given the price decline in oil and its related negative impact on employment in the oil patch…. 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