The group that owns thousands of patents for technology developed by defunct Canadian telecom company Nortel filed patent lawsuits Thursday against Google, Samsung, HTC and Huawei. Rockstar, an Ottawa-based company that is co-owned by Apple, Microsoft, BlackBerry, Ericsson and Sony, claims that protected Nortel technology underlies some of Google’s search technology. Rockstar bought the portfolio… Read more »
Posts Tagged: Financial Statement Reporting
Google stock breaks $1,000 barrier
Google stock breaks $1,000 barrier Strong third-quarter results have sent Google’s stock past the $1,000 US mark for the first time. Shortly after the markets opened Friday, Google Inc. shares jumped more than 12 per cent to $1,007.40 US in heavy trading before edging back down to $1,000 later in the morning. The Nasdaq-listed stock… 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 »
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 »
How do Accountants Add Value to a Small Medium Enterprise
To Some! CAs are dull and colourless, but to SMEs (Small Medium Enterprises), they are trusted advisers, valuable sources of information and providers of many services Not True! Bland, boring and colourless are just a few of the common stereotypes that spring to mind when describing an accountant. But these are just urban myths. In… 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 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 »
David beats Goliath: Great-West Life co ordered to pay $456M to policyholders
LONDON, Ont. – A stunning $456-million judgement in a class-action lawsuit against insurance giant Great-West Lifeco (TSX:GWO) is a sign the courts are being more aggressive in keeping tabs on how corporate Canada conducts its affairs. The Judgement: Justice Johanne Morissette ruled after a 45 day trial in London, Ont. that Great-West breached sections of… Read more »