Description: For generations schools have competed against other schools in sports, drama, music and other activities. But would you believe Ontario’s four different publicly funded systems are competing each other in an effort to recruit systems from one of their three “competitiors.” Apparently in an area of declining enrollments attracting students to a school may… Read more »
Posts Categorized: Financial Reporting and Analysis
Alphabet tops Apple
Description: In the battle between the two huge letter A tech companies, Apple and Alphabet, Alphabet (formerly known as Google), has supplanted Apple as the largest company in the world as measured by market valuation. Apple had held the top spot since replacing Exxon in 2012. Alphabet, the new holding company that owns Google and… Read more »
Debt loads troublesome
Description: The Parliamentary Budget Officer (PBO) is concerned. But this time it’s not about government forecasts. Rather, this week the PBO warned that Canadians debt to income level has reached a point not seen in over 25 years. House prices and other pressures are expected to raise those debt to income levels to close to… Read more »
Target’s creditors still waiting
Description: One year ago Target announced the end of its short-lived Canadian experiment and quickly exited the country. But landlords, suppliers and other creditors are still waiting to find out how much they might recover. Creditors could be waiting for months to hear the answer. Source: Globeandmail.com Date: January 14, 2016 Link: http://www.theglobeandmail.com/report-on-business/a-year-after-target-bolted-canada-creditors-still-face-uncertainty/article28199218/ Discussion Points:… Read more »
Could accountants help here?
Description: The CEO overseeing 2/3 of the provincial hospital system says major changes are needed and that we need to move away from the traditional reliance on hospitals. But the politician overseeing New Brunswick’s strategic program review says that there won’t be any major cuts to health care and education. Citizens have been left wondering… Read more »
Cutting back to profit
Description: CIBC and TD Bank reported their year end financial results last week and one thing both banks shared were heavy costs related to job cutbacks. The cuts seemed aimed at reducing costs on a go forward basis to make the banks more competitive. Banks are envisioning competitive challenges – a sort of Uberization of… Read more »
Allegations sting Valeant shares
Description: Quebec based Valeant Pharmaceutical suffered a punishing week on the stock markets this week with shares dropping for four days before recovering Friday. The drop had cost the CEO over a billion in market value of his shares. Valeant stemmed the tide by announcing it would hold a conference call to address suggestions it… Read more »
Just an argument between accountants?
Description: This past week the Province of New Brunswick released its financial statements, claiming that its deficit was lower than projected. The big problem though was that the Auditor General, Kim MacPherson, gave the Province a qualified audit opinion for the way it accounted for its so-called shared risk pension funds. And. in somewhat of… Read more »
Paper? What paper?
Description: Can it still be called a newspaper if you don’t print it on paper anymore? Well, La Presse, a French language newspaper with a history of over 130 years in publication, will be switching to a digital version only (with the exception of Saturdays) beginning in 2016. Over the last 10 years, the… Read more »
Accounting control and the Senate
Description: In the news last week – and presumably for the next few weeks to come – it was hard to escape mention of the trial of suspended senator Mike Duffy. The media seems fixated on the trial. One thing that has emerged seems to be very wide interpretation of what expenses allowed under the… 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