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 »
Posts Categorized: Financial Reporting and Analysis
And speaking of corruption . . .
Description: Canadian companies have been lobbying the federal government to delay implementing its new anti-corruption rules. Public Works and Government Services Canada has been threatening to de-list suppliers – including major names such as HP and Siemens – for up to 10 years because of convictions for corruption in foreign countries. Public Works points out… Read more »
King of the bonds loses kingdom
Description: Bond King Bill Gross has resigned from the firm he founded. Gross left Pimco – Pacific Investment Management Co. – after a number of months of apparent internal struggles. Gross had been the face of the firm for over thirty years. But now his pictures have disappeared from the company website. The firm’s new… Read more »
Rule #1: Get re-elected
Description: Former Nova Scotia Finance Minister, Graham Steele, has released a book describing his time in politics. Steele tells his readers of his deep disillusionment with the political experience. The Rhodes Scholar leaves the reader with a list of rules from the rough and tumble game of politics. Rule #1: Get re-elected Source: CBC.com Date:… Read more »
What does an Integrated Report look like?
Integrated Reporting One of the distinguishing features of Integrated Reporting is that in contrast to compliance based reporting, there can be no model report – every report must be built around the unique business model of the preparer. The typical Annual Report: The typical Annual Report includes the Financial Statements, Corporate Responsibility , The Management… Read more »
Going concern: When should the watchdog bark?
International accounting standards definition of Going Concern: ‘a going concern … will continue in operation for the foreseeable future … [and] … has neither the intention nor the need to liquidate or curtail materially the scale of its operations’ The purposes of the going concern assessment: To determine whether the financial statements give a true… Read more »
Facebook IPO Filing Reveals Its Stunning Size: A Private Jet, $1 Billion In Profits
How BIG is Facebook? We knew Facebook was big : you don’t get to 800 million users without making a few bucks — but until today, we didn’t know just how big. Facebook filed papers for an initial public offering on Wednesday, pulling back the curtains on the inner workings of the world’s largest social networking… Read more »
Online trading: Who’s the cheapest discount broker?
Online Brokers: Everyone is interested in investing in stocks! Remember to be careful and do your research before investing. There is a high demand for the new facebood IPO (initial public offering) Should mention that the first factor of guessing at the future trends of an industry is something that investors generally do not do… Read more »
The Future of Private Company Reporting?
IFRS( International Financial Reporting Standards) for SMEs (Small Medium Enterprises) is a separate comprehensive set of standards for non-publicly accountable entities that is the result of a five-year development process with extensive consultation with SMEs worldwide. It simplifies many of the principles in full IFRSs for recognition and measurement, omits topics not relevant to SMEs,… Read more »
Corporate Disclosures: To Disclose or Not To Disclose!
Why do companies choose to disclose, or not, forward-looking information in their corporate annual? Accountants have long known that disclosure is important for companies and users of financial statement information. In its simplest form, the voluntary disclosure decision can be understood as managers having an incentive to disclose if the benefits of disclosure exceed the related… 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