Tim Hortons plans 800 more restaurants

Posted by & filed under Accounting Careers, Advanced Accounting, Financial Accounting, Franchise.

   Increase in Tim Hortons Franchises Tim Hortons has laid out an ambitious plan to add 800 more franchise outlets by 2018, the latest shot in an escalating war to stay on top of the quick breakfast and coffee market. The TSX-listed company said Tuesday it will add as many as 300 new locations in… Read more »

Refunds: why retailers are making it harder for you to get them

Posted by & filed under Auditing, Fraud, Fraud Accounting, Marketing & Strategy.

Returns fraud costs customers in terms of higher prices, more restrictive store policies  Want your money back? Not so fast. Return policies are getting tighter as retailers try to protect themselves from returns fraud — and honest customers often pay the price. Not only that, but at many stores, policies are unevenly applied, a CBC… Read more »

New Revenue Recognition Standards on the Way for Contractors

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

Contractors should be educating themselves on the impact of the new proposed revenue recognition standards and the recently published (June 24, 2010) exposure draft pertaining to revenue from contracts with customers. Public comments are due October 22, 2010, and it is expected the standards will be finalized in 2011. Questions: 1. What are some of… Read more »

What Does It Cost To Make An Apple IPhone4?

Posted by & filed under Accounting Principles, All Articles, Cost Accounting, Managerial Accounting.

According to market research firm, Apple’s iPhone 4 wireless handset components cost about  $187.51. The iPhone 4 sells for $199 and $299. The most expensive component is the LG display that costs $28.50. According to the consultant, the iPhone has typically hovered around the $170-to-$180 cost range because Apple seems to be trying to hit… Read more »

Corporate Sustainability Can Mean Financial Reward, Despite Extra Costs

Posted by & filed under Accounting Principles, All Articles, Cost Accounting, Managerial Accounting.

Tracking efforts in companies like Wal-Mart, Hewlett-Packard and Clorox, authors Ram Nidumulo, C.K. Prahalad, and M.R. Rangaswami, identified a five-stage process that will benefit companies as they navigate through the adoption of green business models.  In the article, the authors contend that early adopters of this process will develop competencies that will be difficult for… Read more »

Are Things Improving for Sears Holding Corporation?

Posted by & filed under All Articles, Financial Reporting and Analysis, Financial Statement Analysis, Intermediate Accounting.

In the third quarter of 2009, Sears Holding Corporation narrowed its losses from $146 million in the previous quarter to $127 million. Despite this, shares of Sears’ stock have almost doubled during 2009. QUESTIONS: The article mentioned that because of inventory management, the company’s gross margin widened by 0.4 percentage points to 27.2%. What are… Read more »