Posts Categorized: Accounting Careers

Weaker Market = Lower Earnings

Posted by & filed under Accounting Careers, Student life.

Description: A report by TD Economics may be bad news for this spring’s graduates. In the current economic slowdown, TD Economics says new grads may take a lower starting salary than new entrants who may have graduated when unemployment was lower. The report offers it may take a decade for new employees to catch up,… Read more »

Ikea’s Cutting Prices!

Posted by & filed under Accounting Careers, Marketing & Strategy, Student life.

Description: Furniture favourite Ikea is cutting prices on over 1,000 items. This is excellent news for Canadians battling rising prices, and perhaps particularly so for students struggling to furnish their apartments while off at university or college. One helpful move for students will see the BILLY Bookcase moving to $199 from its previous $249. And… Read more »

Gambling Sites and Money Laundering

Posted by & filed under Accounting Careers, Fraud, Internal control.

Description: The Financial Transactions and Reports Analysis Centre of Canada – often referred to as Fintrac – is reporting that money from illegal activities is being laundered through online gambling. Fintrac uses “big data” searches of millions of transactions as part of its investigative toolkit. Fintrac’s report focuses on gambling online in Canada between 2016… Read more »

Not the Category You Want to Lead

Posted by & filed under Accounting Careers, Marketing & Strategy, Student life.

Description: It’s probably not the type of “leadership” position Rogers Communications was looking for; the news that Rogers has replaced Bell as the most complained about service provider in the telecommunications space in Canada. The Commission for Complaints for Telecom-television Services reports that Rogers racked up approximately 20% of all the complaints registered for the… Read more »

No More Extensions

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

Description: Prime Minister Justin Trudeau has said that the time is up and there will be no more extensions for those business who had borrowed money under the Canada Emergency Business Account (CEBA). During the Covid-19 lockdown days, the federal government offered eligible businesses and not-for-profit agencies up to $60,000 in loans to help ride… Read more »

Job Cuts at Google

Posted by & filed under Accounting Careers, Managerial Accounting, Student life.

Description: Google might be a cash generator, but that doesn’t stop the tech giant from cutting hundreds of staff loose in an effort to satisfy shareholders or some other objectives. Google framed the move as “responsibly investing in our company’s biggest priorities and the significant opportunities ahead.” The employee union used different language, characterizing the… Read more »

We’re #10!

Posted by & filed under Accounting Careers, Financial Accounting.

Description: Air Canada ranked tenth – i.e. last – for on-time performance among ten North American airlines. Westjet came in at seventh place, while Delta finished first overall. Industry watcher John Lawford of the Public Interest Advocacy Centre suggested this poor result “would seem to be a good wake up call for Air Canada.” Date:… Read more »

Suing the Auditor General

Posted by & filed under Accounting Careers.

Description: It certainly is not something we see too often; a former deputy auditor general suing the Office of the Auditor General of New Brunswick for wrongful dismissal. Janice Leahy, New Brunswick’s former deputy auditor general, was let go from her position and replaced, but there has been little, if any, word from the auditor… Read more »