Posts Categorized: Financial Accounting

Buy back at Samsung

Posted by & filed under Financial Accounting, Financial Reporting and Analysis, Marketing & Strategy.

Description: Technology giant Samsung cheered up its investors recently through a major share repurchase. With profits falling, Samsung dug into its treasure chest of cash to placate investors, giving it time to rethink strategy. Samsung appears to be following the trend of several US technology companies that have used their cash surpluses to buy back… Read more »

Concerns raised on car loans

Posted by & filed under Auditing, Financial Accounting.

Description: Auto and finance industry executives are voicing misgivings over the move towards long-term car loans of seven or eight years. The big fear: car owners will start returning vehicles prior to the expiry of the loans, creating a dilemma when they try to finance a new vehicle while the original car loan exceeds the… Read more »

K-cup versus Club

Posted by & filed under Canadian Economy, Financial Accounting, Marketing & Strategy, Student life.

Description:  They’ve transformed the coffee world, these single-serve brewing units like Kuerig and Tassimo. And now a Toronto company, Club Coffee LP, is suing Kuerig Green Mountain Inc for alleged anti-competitive practices. Club Coffee makes its own pods which are compatible with the Kuerig machines. And the patent on the K-Cup technology has expired. But… Read more »

Blackberry: Passport to a future?

Posted by & filed under Advanced Accounting, Auditing, Canadian Economy, Financial Accounting.

Description:  It was a big news week for Blackberry. First, the struggling technology company released a new handset called the Passport. Then, Blackberry announced its second quarter results. Although the company continues to lose money, its loss of 2 cents per share was considerably lower than the 16 cents per share anticipated by analysts. Source:… Read more »

Bank customer’s lawsuit raises questions about fraud liability

Posted by & filed under Financial Accounting, Fraud.

$80K fraud case highlights caveats and conditions giving banks a backdoor for liability Security of online credit cards in question The case of an Ontario man who was charged more than $80,000 on his credit card for purchases he claims he didn’t make is raising new questions about the security of online and credit card transactions and whether banks are shifting liability for… Read more »

Nortel patents at issue in suits against Google, Huawei

Posted by & filed under Accounting Principles, Advanced Accounting, Financial Accounting.

The group that owns thousands of patents for technology developed by defunct Canadian telecom company Nortel filed patent lawsuits Thursday against Google, Samsung, HTC and Huawei. Rockstar, an Ottawa-based company that is co-owned by Apple, Microsoft, BlackBerry, Ericsson and Sony, claims that protected Nortel technology underlies some of Google’s search technology. Rockstar bought the portfolio… Read more »

Google stock breaks $1,000 barrier

Posted by & filed under Accounting Careers, Advanced Accounting, Financial Accounting.

Google stock breaks $1,000 barrier Strong third-quarter results have sent Google’s stock past the $1,000 US mark for the first time. Shortly after the markets opened Friday, Google Inc. shares jumped more than 12 per cent to $1,007.40 US in heavy trading before edging back down to $1,000 later in the morning.  The Nasdaq-listed stock… Read more »

What’s trending today in Accounting & Finance?

Posted by & filed under Accounting Careers, Canadian Economy, Corporate Social Responsibility, CPA, Financial Accounting, Fraud, IFRS, International Accounting, Taxation.

These are dynamic days for the profession and opportunities abound. Here’s everything you’ve ever wanted to know about best bets for jobs About six years ago Cathy Logue, an accountant by trade, and her two business partners launched Ambit Search in Toronto. The boutique executive recruiting firm is focused exclusively on filling finance and accounting… Read more »