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 »
Posts Categorized: Cost Accounting
Garment factories fail inspections
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
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 »
Sorry – can’t tell you what that cost
Description: I once had a boss who said one of the problems with a government he worked for was the weakness of its cost accounting systems. I was reminded of that once again this past week when I read about our federal government not disclosing the cost for reorganizing Elections Canada. The stated reasons for… Read more »
Super Bowl commercials 2014: This year’s best , Expense or Capitalize Advertising Costs?
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?
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 »
New Revenue Recognition Standards on the Way for Contractors
Contractors should be educating themselves on the impact of the new proposed revenue recognition standards and the recently published (June 24, 2010) exposure draft pertaining to revenue from contracts with customers. Public comments are due October 22, 2010, and it is expected the standards will be finalized in 2011. Questions: 1. What are some of… Read more »
Mortgage Fairs
Given the last year’s trend, is there an end in sight to new record-low interest rates? For example, on July 22, Freddie Mac’s Primary Mortgage Market Survey, which provides a snapshot of national average mortgage rates, reported a national average rate of 4.56% with 0.7 points on a 30-year fixed-rate mortgage. At the same time… Read more »
Bank of America: It Depends On How You Define Materiality
Bank of America incorrectly classified as much as $10.7 billion in short-term lending and repurchase deals for mortgage securities as sales. This claim surfaced in a May 13 letter to the SEC where the banking corporation alleges that the transactions were immaterial and that it would be beefing up its internal accounting controls. This letter… Read more »
What Does It Cost To Make An Apple IPhone4?
According to market research firm, Apple’s iPhone 4 wireless handset components cost about $187.51. The iPhone 4 sells for $199 and $299. The most expensive component is the LG display that costs $28.50. According to the consultant, the iPhone has typically hovered around the $170-to-$180 cost range because Apple seems to be trying to hit… 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