Description: Optimism and entrepreneur seem like two words that should be linked. But with the Covid-19 pandemic still entrenched in Canada and around the world, some might be surprised to see entrepreneurs optimistically plowing forward with major capital projects in the tourism sector. In Cape Smokey, Cape Breton Island, the ski hill is set to… Read more »
Posts Categorized: Financial Reporting and Analysis
Chicken Fight
Description: The Ontario Court of Appeal has ruled Subway can proceed with its $210 million legal action against the CBC. In a broadcast aired in 2017, CBC’s “Marketplace” stated that genetic tests performed at Trent University concluded that close to 50% of the DNA in Subway’s chicken sandwiches was actually soy DNA. Subway has countered… Read more »
Google Absorbs Fitbit
Description: Fitbit is now part of the Alphabet/Google empire. This deal first hit the news in the autumn of 2019, but it had to clear a long probe into how Fitbit users’ data might be used to groom custom advertising. This acquisition certainly gives Google a big presence in wearable devices, and a Google executive… Read more »
Musk Now World’s Richest
Description: Elon Musk has now moved past Jeff Bezos for the number one spot on a list of the richest people in the world. With shares of Tesla climbing towards $800 each, Musk benefited enough to push him into the number one spot. Tesla’s sky-high valuation comes despite the fact that it manufactures far fewer… Read more »
Disney+ Charge up $3
Description: The Disney+ streaming service has only been available in Canada for about a year, but the price is going up from $8.99 to $11.99 on Feb 23, 2021. It’s not as bad as it sounds though as Disney will be adding its Star service as one of the options included in the package. Star… Read more »
What About my Credit Card?
Description: A number of measures have already been put in place to help Canadian consumers deal with the economic impacts from the COVID-19 virus. But, so far, those high credit card interest rates don’t appear to have been touched. With Canadians facing outright unemployment or reductions in hours worked, a break on credit card rates… Read more »
Now There Are 3
Description: US cellular customers are now dealing with a world in which there are only 3 major carriers. T-Mobile has received regulatory approval to purchase Sprint. Along with the deal, T-Mobile has promised to hold the line on rates and to improve service in rural areas. Some critics maintain that it will be very difficult… Read more »
No Merger?
Description: Canada’s Competition Bureau is warning against the proposed acquisition of Air Transat by Air Canada. The Bureau is concerned that the combination of the two carriers would make things worse for travelers by raising prices and reducing service. The two airlines have over 80 routes with overlap. Date: March 27, 2020 Source: thestar.com Link:… Read more »
Is the Apple Credit Card Sexist?
Description: Is the new Apple credit card sexist? Apple co-founder Steve Wozniak thinks so. Though he shares bank accounts with his wife, Woz said he was given ten times the credit limit she was. Some have claimed that the new card is exhibiting gender bias by granting higher levels of credit to males. Goldman Sachs,… Read more »
SEC Investigating Under Armour’s Accounting
Description: Clothing company Under Armour has admitted it is under investigation by the Securities and Exchange Commission (SEC). The investigation has been ongoing since 2017. Speculation is that the investigation may be looking at revenue recognition issues. Date: November 4, 2019 Source: baltimoresun.com Link: https://www.baltimoresun.com/business/bs-bz-under-armour-invetigation-five-things-20191105-3a7dwxt3ujgabbitgq7rcjxwhu-story.html Discussion points: 1) Are you a user of Under Armour’s… Read more »
Understanding Financial Accounting
Intermediate Accounting, 13th Edition
Financial Accounting, 8th Edition
Auditing: A Practical Approach, 4th Edition
Managerial Accounting, 6th Edition
Accounting Principles, 9th Edition