Description: CIBC and TD Bank reported their year end financial results last week and one thing both banks shared were heavy costs related to job cutbacks. The cuts seemed aimed at reducing costs on a go forward basis to make the banks more competitive. Banks are envisioning competitive challenges – a sort of Uberization of… Read more »
Posts Categorized: Accounting Careers
In debt at home
Description: Almost 40% of Canadians owning homes have found themselves in some sort of cash flow crisis in the preceding year according to a recent Globe and Mail report. Increasing house prices might explain why Canadians are reaching out to relatives or loading up the credit card to get through a tough spot in paying… Read more »
Different cultures, different expectations
Description: Bernadette Wightman can now smile. On the street that is. Now serving as president of Cisco Canada, Wightman comes to her post after previously serving as a Cisco executive in Russia where she discovered it is not considered socially acceptable to smile at strangers. It’s an important reminder of the need to be sensitive… Read more »
Learn from the boomers
Description: Housing prices in places like Vancouver and Toronto are causing Globe and Mail arts columnist Marsha Lederman to wonder what retirement might be like for Gen-Xers, like her, or the Millennials who are following. She remembers the big day when her mother celebrated receiving a notice from the bank saying the home mortgage had… Read more »
Maybe the last of his kind
Description: It was the type of headline that reaches out and grabs your attention: “Last of a generation of Bay Street vetrans.” The obituary went on to discuss the life and career of a stock trader, John Aiken, who had a remarkable career of 70 years. When he retired at age 87, he told the… Read more »
Real estate loophole
Description: The BC government has stated it intends to crack down on a tax loophole that appears to be allowing foreign investors to escape paying property transfer taxes in a red-hot real estate market. An investigation by the Globe and Mail revealed the disturbing news that some foreign investors were using trusts or transferring property… Read more »
In jail until at least Tuesday
Description: A former Quebec lieutenant governor will remain in jail until at least Tuesday after being sentenced to 18 months in jail for fraud and breach of trust. Lise Thibault’s problems started with a 2007 report by federal and provincial auditors general that pointed out questionable expense claims of over $700,000. Thibault’s lawyer is arguing… Read more »
The state of Canadians’ finances
Description: With interest rates so low for so long, consumers in Canada have been loading up on debt. Debt to disposable income rates in Canada hit close to 165% this year, indicating consumers are adding to their debt loads faster than incomes are rising. At least part of the problem can be attributed to a… Read more »
KPMG survey shows student plans and concerns
Description: A recent survey by KPMG shows students are looking far and wide for post-graduation employment. The survey covered business students in 27 countries, and, in all, close to 90 percent of them are looking at international opportunities amid concerns over the economy. Another interesting finding of the KPMG survey was that this generation of… Read more »
Accounting control and the Senate
Description: In the news last week – and presumably for the next few weeks to come – it was hard to escape mention of the trial of suspended senator Mike Duffy. The media seems fixated on the trial. One thing that has emerged seems to be very wide interpretation of what expenses allowed under the… 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