Posts Categorized: Accounting Careers

Why intangible assets are as important as bricks and mortar

Posted by & filed under Accounting Careers, Accounting Principles, Financial Accounting, Intermediate Accounting.

Managing your intangible assets can make your business more successful Coca-Cola Secret Formula Coca-Cola is bottled at nearly 300 plants around the world, where the soft drink is manufactured, packaged, merchandised and distributed. These third-party bottlers ship Coke to the company’s customers — grocery stores, restaurants, street vendors, convenience stores, movie theatres and amusement parks… Read more »

Become a CPA

Posted by & filed under Accounting Careers, CPA.

Elements of the CPA certification program CPA Prerequisite Education Program (CPA PREP) A program for those who have an undergraduate degree but not the prerequisites for the CPA Professional Education Program The CPA Prerequisite Education Program (CPA PREP) is designed for those who have an undergraduate degree in a discipline other than accounting and lack… Read more »

Canada falling behind on women on corporate boards

Posted by & filed under Accounting Careers, Corporate Restructuring.

  Canada is falling behind other countries When it comes to putting women on corporate boards, according to a report by TD Economics. While participation in the labour force has increased significantly for women, that change has yet to be reflected at the top of Canada’s largest companies, according to the report. Women represent just… Read more »

Whistleblower forced investigation of TransCanada Pipelines

Posted by & filed under Accounting Careers, Auditing.

Engineer Evan Vokes repeatedly raised concerns with company behind Keystone XL pipeline  Whistleblower A former TransCanada engineer says he reported its substandard practices to the federal energy regulator because he believed the company’s management, right up to the chief executive officer, refused to act on his complaints. In an exclusive television interview with CBC News,… Read more »

Former SNC-Lavalin CEO arrested on fraud charges

Posted by & filed under Accounting Careers, Corporate Social Responsibility, Fraud, Fraud Accounting.

Anti-Corruption Squad Quebec’s anti-corruption squad has arrested former SNC-Lavalin CEO Pierre Duhaime, charging him and Riadh Ben Aissa, ex-head of the company’s construction arm, with fraud in connection with construction contracts for a Montreal super-hospital. Duhaime stepped down from SNC-Lavalin in March after an investigation revealed he signed off on $56 million in “improper payments,”… Read more »

Managing the message: Canada’s new anti-spam law sets a high bar

Posted by & filed under Accounting Careers, Advanced Accounting, Canadian Economy, Corporate Restructuring.

Managing the message: Canada’s new anti-spam law sets a high bar New laws target electronic communications Canada’s Anti-Spam Law  (CASL), expected to come into force in 2013, will be one of the toughest of its kind in the world. Texts, tweets, Facebook posts and emails will all fall under its purview. In fact, CASL and… Read more »

Women at work

Posted by & filed under Accounting Careers, CPA.

Have female CAs come a long way? Female CAs have come a long, long way since their beginnings in the profession. How do they see the road ahead?By all accounts, Janice Rennie is a pretty inspiring woman. Based in Edmonton, this FCA and mother of two sits on six boards, is a former owner of… Read more »

How Forensic Accountants Differ From Auditors

Posted by & filed under Accounting Careers, Auditing, Financial Accounting, Fraud Accounting.

What is the role of Forensic Accountants: Forensic accountants are uniquely suited to help in-house counsel address issues involving financial reporting, accounting and internal controls. They also collect and analyze accounting and internal-controls evidence. They produce a fact-based report that can inform the decision-making process in inquiries, investigations and dispute resolution. By product of Forensic… Read more »

Reducing tax complexity a key to economic recovery: CICA

Posted by & filed under Accounting Careers, Taxation & Planning.

Reducing tax complexity a key to economic recovery The Canadian Institute of Chartered Accountants (CICA) today (Oct. 23, 2012) in Ottawa outlined what it views as priorities for the next federal budget if the country is to experience economic growth, job creation and enhanced competitiveness. Gabe Hayos, the CICA’s vice-president of taxation, told the House… Read more »

Facebook Fiasco: The Stock Is 50% Below Its IPO Price Again

Posted by & filed under Accounting Careers, Financial Statement Analysis, International Accounting, IPO.

Facebook’s IPO price: $38 per share A little while back facebook’s IPO (Initial Public Offering) would take the financial community by storm. The stock would certainly rise to double its Initial Public Offering. This is the reason investors crave to have the opportunity to purchase an IPO. After four months of paperwork, hype and speculation,… Read more »