Costing election promises

Posted by & filed under Auditing, Canadian Government, Cost Accounting.

Description: Critics and citizens alike have long decried the lofty election promises politicians make during election campaigns. But now the Liberal government of the tiny Canadian province of New Brunswick appears to be trying to change this dynamic by proposing a law requiring political parties to cost their election platforms. Violators would be punished by… Read more »

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 »

Facebook Workplace

Posted by & filed under Corporate Strategy, Cost Accounting.

Description: Facebook has built a huge business on its advertising based social media platform. But now, after a year of testing, Facebook is offering a new platform called Workplace  to compete with the Startup company Slack. Workplace – like Slack – will combine various productivity technologies like e-mail and newsletters. Workplace will be sold to… Read more »

Full disclosure; still waiting

Posted by & filed under Accounting Careers, Accounting Theory, Advanced Accounting, Canadian Government, Cost Accounting.

Description: Canadian banks  have improved their disclosures since the financial crisis. But these improvements may not have gone far enough. For instance, many investors may know that bankers have lobbied our federal government concerning its attention to transaction fees on credit cards. Yet, because of the banks’  disclosure practices, many  of these same investors would… Read more »

Twitter switches gears

Posted by & filed under Accounting Careers, Corporate Strategy, Cost Accounting.

Description: Twitter was once known for fighting with outside developers to ensure that it controlled the experience on its micro-blog. But now, Twitter has opened up a variety of tools to software developers, even if they aren’t Twitter users. The market does not appear to have embraced Twitter’s new strategy to diversify its business. Source:… Read more »

Garment factories fail inspections

Posted by & filed under Advanced Accounting, Cost Accounting, Ethics.

Description: When a garment factory collapsed in Bangladesh in April 2013, calls rang out for change. Yet recent inspections of 1,100 Bangladeshi garment factories found safety hazards in them all. In approximately 20 factories, the inspections revealed conditions severe enough to provoke immediate closure. Source: Industry Week.com Date: October 14, 2014 Link: http://www.industryweek.com/safety/retailers-find-80000-safety-hazards-bangladesh-factories Questions for… Read more »

Google ad revenue misses target

Posted by & filed under Corporate Strategy, Cost Accounting, e-Commerce, Financiall Statement Analysis.

Description: It’s big. Real big;  Big like  $16.52 billion. And it’s up 20% from last year. But Google’s third quarter advertising revenue failed to meet analysts expectations, while its key metric of cost-per-click continued a downward trend. Source: Globe and Mail.com Date: October 16, 2014 Link: http://www.theglobeandmail.com/report-on-business/international-business/us-business/googles-profit-slips-misses-estimates/article21131630/ Questions for Discussion: 1) So what exactly are… Read more »

Super Bowl commercials 2014: This year’s best , Expense or Capitalize Advertising Costs?

Posted by & filed under Advanced Accounting, Cost Accounting, Intermediate Accounting.

Who won the ad game during Super Bowl 2014? Millions gathered around television sets Sunday evening to watch the Seattle Seahawks take down the Denver Broncos in an easy 43-8 victory, but for many of those revellers the outcome of the game was secondary to the annual crop of splashy, big-budget Super Bowl ads. Commanding… Read more »

How Low Can the Costs Go?

Posted by & filed under Accounting Principles, All Articles, Cost Accounting, Financial Accounting, Managerial Accounting.

India has developed the world’s cheapest laptop – a touchscreen device which resembles Apple’s wildly popular iPad but will cost just £23. The prototype was unveiled this week by Kapil Sibal, the country’s human resource development minister, who said 110 million Indian schoolchildren would be the first recipients. Questions: 1.  Find the current exchange rates and calculate… Read more »