International Accounting Day

Posted by & filed under Accounting Principles, International Accounting.

Description: Friday, November 10, was International Accounting Day. For a discipline that is used to operating out of the limelight, this is one day of the year that focuses on what exactly it is that accountants do. Accounting can be traced back thousands of years to the ancient civilization of Mesopotamia. International Accounting Day comes… 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 »

China Offers Opportunities and Challenges for Canadian Companies

Posted by & filed under Accounting Careers, Canadian Economy, International Accounting, International Business Operations, Marketing & Strategy.

International Business Opportunities in China: A new survey by the Asia Pacific Foundation (APF) of Canada highlights the opportunities and challenges Canadian companies face while doing business in China.   APF Canada, a Vancouver-based non-profit think tank on Canada-Asia relations, launched the survey examining how Canadian companies perform in the world’s most populous country as… Read more »

Canadian’s firm used in huge Russian tax scandal, plus How the Rich hide their money!

Posted by & filed under Auditing, Corporate Restructuring, Corporate Social Responsibility, Fraud Accounting, International Accounting, Taxation, Taxation & Planning, Uncategorized.

Caribbean agency helped set up offshore companies connected to $230M scam It’s a tale with the cloak-and-dagger intrigue of a Hollywood thriller: a $230-million heist, corrupt Russian police and government officials, prison beatings, a dead lawyer, Kafkaesque trials and a diplomatic spat between international superpowers. And now, for the first time, secret files obtained exclusively… Read more »

Facebook Fiasco: The Stock Is 50% Below Its IPO Price Again

Posted by & filed under Accounting Careers, Financial Statement Analysis, International Accounting, IPO.

Facebook’s IPO price: $38 per share A little while back facebook’s IPO (Initial Public Offering) would take the financial community by storm. The stock would certainly rise to double its Initial Public Offering. This is the reason investors crave to have the opportunity to purchase an IPO. After four months of paperwork, hype and speculation,… Read more »

The accounting profession welcomes the tabling of the bill creating the Ordre des CPA du Québec

Posted by & filed under Accounting Careers, Financial Accounting, International Accounting, Managerial Accounting.

Montreal, March 28, 2012 – Today, Jean-Marc Fournier, Minister of Justice and Minister responsible for the application of professional legislation, tabled Bill 61, Chartered Professional Accountants Act, that will constitute the Ordre des comptables professionnels agréés (CPA) du Québec. The CA Order, the CGA Order and the CMA Order welcomed the news. Another milestone in… Read more »

Accounting Standards for Private Enterprises (ASPE) or (IFRS)

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

Canadian Private Enterprises will soon need to make a choice Canadian publicly accountable enterprises will be required to use International Financial Reporting Standards (IFRS) for fiscal years beginning January 1, 2011.  What about Canadian private companies? Canadian Private companies will have an option to adopt one of the two following sets of standards: International Financial… Read more »

Restructuring GM: Government Bailout a Success!

Posted by & filed under Accounting Careers, Auditing, Corporate Restructuring, Financial Statement Analysis, International Accounting.

General Motors started trading on the Toronto Stock Exchange on Thursday, a day after its IPO raised US$20 billion. From a starting price of US$33 a share it rose as high as $35.95 in intraday trading before settling at $34.01. It closed at $34.19 on the New York Stock Exchange, a gain of 3.61% in… Read more »

Crime proceeds crackdown looms

Posted by & filed under Fraud Accounting, International Accounting, Taxation & Planning.

Big banks may face penalties The law requires large banks to list the ways in which they are exposed to possible money laundering and to assess that risk. Earlier this year, funding for the money-laundering watchdog, the federal Financial Transactions and Reports Analysis Centre of Canada, or FINTRAC, was increased by $8 million. On July… Read more »

Risky Medicine for Hospital Financing

Posted by & filed under Accounting Principles, Advanced Accounting, All Articles, Auditing, Cost Accounting, Financial Accounting, Financial Reporting and Analysis, Financial Statement Analysis, IFRS, Intermediate Accounting, International Accounting, Managerial Accounting.

In a last-minute change to the financial reforms bill, Congress allowed Wall Street to continue to sell interest-rate swaps directly, rather than isolating these derivatives in separate units. The thinking behind this move is that the interest-rate securities are benign, or at least less dangerous than credit default swaps, which the legislation requires banks to… Read more »