What, if any, are the potential economic consequences or benefits of the Canadian IFRS adoption? As the activities of preparing and auditing the first set of complete annual reports using international financial reporting standards (IFRS) are in full swing, it is easy to identify some costs of transitioning from Canadian GAAP to IFRS. So it… Read more »
Posts Tagged: contemporary business issues
RIM PlayBook sales hurt earnings targets
Inventory Write-Down: Research In Motion Ltd. will write off much of its PlayBook inventory and book a $360-million after-tax charge due to poor sales and discounting of the tablet, a move that will impact the BlackBerry maker’s financial targets. “RIM is committed to the BlackBerry PlayBook and believes the… Read more »
Too good to be true
In 2008, two men, one American, one Canadian, catapulted investment fraud into headlines around the world. The Canadian was 67-year-old Earl Jones, a Montreal native who bilked 158 investors, including his cancer-stricken brother, his own daughter and other family members, out of $50 million. Like Madoff, Jones had managed to get away with his Ponzi-type… Read more »
Students Protest: Hike in University Fees!
Quebec students proved they are serious about fighting tuition fee increases as thousands skipped classes and marched through the streets of downtown Montreal on Thursday to demonstrate their opposition. For Martine Desjardins, president of the Federation Etudiante Universitaire du Quebec, the boycott was a success — both because of the number of students who rallied… Read more »
Groupon shares jump 35% after IPO
What is an IPO? An initial public offering, or IPO, is the first sale of a corporation’s common shares to investors on a public stock exchange. The main purpose of an IPO is to raise capital for the corporation. While IPOs are effective at raising capital, being listed on a stock exchange comes with heavy… Read more »
Happiness is owning a small business!
Small business owners in Canada are a happy group, a new survey says. In fact, 62% of Canadian small business owners would describe themselves as “very happy” with only 1% saying they are “very unhappy.” These are just some of the findings from TD’s Small Business Happiness Index, which examined the attitudes and behaviour of… Read more »
The India Opportunity
India, one of the world’s largest economies, has become one of the most critical markets for global Diversified Industrial companies. Fast Facts • India is the world’s largest democracy and the 12th largest economy in the world. • Among BRIC (Brazil, Russia, India and China), countries, India is expected to deliver the highest growth rates… Read more »
Canada’s corporate income tax fight
To Lower or not to Lower Corporate Tax Rates? Let us look at a few conflicting arguments. We are presently in the mist of a Federal Election, and all the major parties have different arguments to increase or decrease taxes. All three parties basically seem to get the notion of corporate competitiveness and the link… Read more »
Bauer Performance Sports Ltd. to List on the TSX
Bauer heads to the TSX Canadians claim that “hockey is our game,” but that boast disguises deep-seated unease over the creeping Americanization of the professional sport. That is why we hold on to nostalgic fantasies of the Jets returning to Winnipeg, the Nordiques going back to Quebec City, and the Maple Leafs returning… Read more »
Super Voting Shares! The Power to Control and receive $1.7 Billion
Super Voting Shares: Its a known fact that private corporations may issue to the initial founding shareholders’ shares that give the holders right to multiple votes, even preferred shares may have multiple voting rights, if properly structured by a corporate lawyer. This is why I always advise my students, that in the event they consider… 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