Description: The Province of New Brunswick is not rich. That’s perhaps one reason why the Auditor General focused some of her attention in her recent report on the fact that the federal government owes the province a pretty big pile of cash. All together, the federal government is on the hook for over $60 million… Read more »
Posts Categorized: Financial Accounting
Take that Big Mac!
Description: The National Post headline called it a “bad day for McBully.” But you might also say, it was a good day for the little big guy, Ireland’s Supermac burger chain. Owner Pat McDonagh claims his restaurant’s Supermac burger name is lifted from a nickname he carried when he played Gaelic football years ago. The… Read more »
The annual CES
Description: A phone that folds. Lots of talk about 5G, for those who claim they need even more speed. An electric-powered Harley that connects to the cloud. Audio technology that attempts to simulate the concert experience. And, of course, lots and lots of those trendy virtual assistants. These are a few of the highlights of… Read more »
Problems at GE
Description: For many years, General Electric (GE) was a darling of the stock market, hitting target after target and pursuing solid growth. But now, analysts are sounding alarm bells. There are liquidity concerns about GE, as well as an ongoing investigation of its insurance business. In addition, there may be possible tax issues to deal… Read more »
No longer a crime
Description: Roughly 100 years after it was criminalized, later this week the Canadian government is ending its ban on marijuana. The provinces have developed various retail methods to place the product in the hands of consumers. But when the doors open on October 17, some are predicting product shortages. Part of the problem is a… Read more »
And for this week’s comeback story
Description: Last week this blog featured a story on how Blackberry had turned a profit by transforming itself from a handset company to a software vendor with a valuable automobile industry component. This week, the Washington Post featured a story on how Toys R Us – a company that had shuttered its US retail operations… Read more »
Federal PBO critical of provincial debt
Description: He works for the Parliament of Canada. But that did not stop the newly-appointed Parliamentary Budget Officer (PBO), Yves Giroux, from criticizing provincial governments in his first report. While the federal government’s finances are sustainable, Mr. Giroux told a news conference that “it’s a totally different story for provinces and territories.” Date: September 27 , 2018… Read more »
E-commerce at Dollarama?
Description: We are used to hitting Dollarama with a couple of bucks in our pocket to plop down at the cash register while we pick up some low-priced merchandise. It hardly seems to bring to mind images of e-commerce. But now the discount retailer is planning on selling merchandise in bulk via the web, at… Read more »
Texture for Apple
Description: Apple is taking steps to advance its role in media content through its purchase of Texture. Texture, originally known as Next Issue, allows subscribers to access content from over 200 magazines for a subscription fee of $9.99 per month. We don’t seem to know at this point what amount Apple paid for this media entity,… Read more »
Canada Goose Down
Description: The sales are up but the stock price is down. High-end winter coat supplier Canada Goose is continuing its sales success with some sizes and styles selling out, despite sticker prices upwards of $1,500. This success is driving sales and profits upwards. But this past Thursday the Canada goose stock dropped 15%. Perhaps even… 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