Description: Air Canada recently reported its best quarter in corporate history. No doubt all those extra fees airline customers have to pay fit somewhere into that profitable picture. In the US, this so-called ancillary income – where it is disclosed – is up from $2.5 billion back in 2005 to $31.5 billion for 2013. That’s… Read more »
Posts Categorized: Accounting Principles
The bailout story
Description: One intriguing chapter in the most current report by Canada’s Auditor General, Michael Ferguson, discussed the AG’s examination of the 2009 government bailouts of Chrysler and General Motors. Ferguson reported as much as $4 billion of the governments’ investment could be lost if the federal and Ontario governments trade in their shares too early…. Read more »
Harnessing highest tides
Description: A 10 tonne turbine – worth multi-millions of dollars- was disabled in three weeks in an attempt to test the electricity generating potential of the Fundy tides. But the Irish company, Open Hydro, is back to the Bay of Fundy again in its ongoing efforts to harness the this possible generation opportunity. Some experts… Read more »
Canadian companies; US politics
Description: Following a 2010 US Supreme Court decision, Canadian companies have joined with their US counterparts, directing funds towards lobbying and political financing. Large organizations such as Power Corp, RBC, Encana and Barrick Gold have entered the field. The Shareholders Association for Research & Education (SHARE) has raised some serious questions of accountability regarding this political… Read more »
University budget questions
Description: In August, 2014, the Ontario government signed goal-setting agreements with the province’s 44 post-secondary institutions. This process was supposed to be step number one in changing the way the institutions are funded. Concerns are being expressed on how demographics and changes to funding may impact individual universities. Source: Globe and Mail.com Date: October 11,… Read more »
Huge IPO for Alibaba
Description: In the largest initial public offering (IPO) in US history, Chinese internet marketer, Alibaba, began trading on the New York York Stock Exchange on Friday. Alibaba now has a market capitalization larger than a number of Silicon Valley heavyweights, including Facebook and Amazon. Yahoo, however, may be smiling quietly in the background. As an… Read more »
Should business give any credit for this tax credit?
Description: On September 11, Federal Finance Minister Joe Oliver delivered his first major policy initiative since taking over as Minister earlier this year, with his announcement of a Small Business Jobs Credit. The aim of the credit is to reduce employment insurance premiums which in turn may prompt small business to hire more workers. The… Read more »
Richest tax on the rich
Description: New Brunswick is in the midst of an election campaign, leading up to the September 22, 2014 general election. Some have also said the province is also in the midst of a fiscal crisis, with one popular book on the province’s future using the words “Fiscal Cliff” in its title. In an effort to… Read more »
Bitcoin for your paycheque?
A CBC News story from September 1, noted how a a small – but increasing – number of employees are beginning to accept the online quasi-currency Bitcoin as payment for their wages. This is evidence perhaps of the growing acceptance of Bitcoin by merchants and the increasing discussion of Bitcoin currency exchanges. Bitcoin began in… Read more »
Welcome back to school; and welcome to more debt
Where did the summer go? That might be one of the questions both students and parents are asking themselves as students head off to campus for another year of university. Along with meeting friends – old and new – registering for classes, buying textbooks and engaging in extracurricular activities, students are buzzing around campuses already,… 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