Loving that office space

Posted by & filed under Accounting Careers, Contemporary Business Issues, Cost Accounting.

Description: Chandeliers in the washroom. A trendy coffee bar down the hall. These are some of the pleasant features in Nicola Morgan’s co-working space where desk rentals begin at $125 per month. It’s a growing and attractive option for professionals and others. Date: November 24, 2016 Source: theglobeandmail.com Link: http://www.theglobeandmail.com/life/home-and-garden/design/co-working-spaces-cater-to-the-specific-needs-of-self-employedworkers/article33006049/ Discussion Points: 1) This article… Read more »

How about those co-op placements?

Posted by & filed under Accounting Careers, Contemporary Business Issues.

Description: How about those co-op placements? Universities and community colleges have been offering them in various forms as the discussion of experiential learning enters the common vocabulary. Everything isn’t always rosy with co-op placements though. Unpaid service and uncertain legal status may be some of the downsides on these attempts to provide students with practical… Read more »

Big cuts at Bombardier

Posted by & filed under Accounting Careers, Accounting Principles.

Description: Bombardier announced this week that it’s cutting about 10% of its workforce. This is around 7,500 jobs in total, with about 2,000 or so of those at home here in Canada. CEO Alain Bellemare cited competitive pressures as prompting these cuts. Two-thirds of this latest round of layoffs will hit Bombardier’s rail division. Date:… Read more »

Competition Bureau and Loblaws

Posted by & filed under Accounting Careers.

Description: The Competition Bureau is running into trouble in its ongoing investigation of Loblaw’s pricing practices. The problem seems to be that Loblaw’s suppliers seem  reluctant to talk to the regulator for fear that Loblaws might retaliate against them. One thing the Bureau may be examining is Loblaw’s controversial practice of asking for 1.45 %… Read more »

Finally after seven years

Posted by & filed under Accounting Careers, Advanced Accounting.

Description: After seven long years, it looks like Nortel pensioners will have a better deal as this bankruptcy saga winds down. While pensioners are probably relieved to see issues settled, it has been a very expensive process. The total for legal and professional services paid out of the Nortel funds is over $2.5 billion, making… Read more »

CRA and the Panama Papers

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

Description: Look out: the Canada Revenue Agency (CRA) is coming for you. That is, if you are one of the over 2,500 Canadians named in the Panama Papers. It’s too late for voluntary disclosure according to the CRA. This means that those investigated could face penalties if the results of audit indicate taxes are owing… Read more »

#AuditorProud?

Posted by & filed under Accounting Careers, Auditing.

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 »