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 »
Posts Categorized: Financial Reporting and Analysis
Most entrepreneurial cities
Description: It’s not Toronto, or Vancouver. I’m afraid to tell you that those two don’t even make the top ten list. No, according to the Canadian Federation of Independent Business (CFIB), Canada’s most entrepreneurial city is Whitehorse, closely followed by Winkler, Manitoba. There appears to be no one single factor that trumps all others in… Read more »
I guess people were paying less . . .
Description: With too much debt and too much inventory, Payless Shoes will be seeking bankruptcy protection. All of its almost 250 stores in Canada will be shutting down. The company missed its February rent payments on most of those stores, signalling bad news for employees and landlords. One has to wonder if online sales may… Read more »
Hackett’s message ignored
Description: Jim Hackett, CEO of the Ford Motor Corporation, is trying to get Wall Street to listen. Hackett wants analysts to consider his “thoughtful” approach to moving the car maker forward, rather than concentrating so much on the fact that Ford missed its target for Earnings per Share with its 2018 results. The appeal does… Read more »
Blackberry turns from red to black
Description: Once one of the top handset phone makers in the world, Blackberry has been on steady financial decline since the introduction of the iPhone and various Android smartphones. But Blackberry is bouncing from red ink to black, with the latest quarterly results showing a profit of approximately $19 million. The profit signals possible success… 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