Category Archives: Accounting

The Biggest Fears for CFOs


What are the biggest fears for Canadian CFOs? As a follow up to our article: What are your biggest fears as a CPA?, we examine the primary concerns for Canadian CFO’s in 2015. Based on the quarter’s findings in 2013, Canadian CFO’s were, in general, more optimistic than their American counterparts, which is a significant change from what was reported before. Deloitte’s Q1 CFO

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Accounting & Finance – Talking Brass Tacks and Bottom Lines

TORONTO, July 9, 2015 / – For individuals on the outside it can often feel like those in the financial world use a language all their own, with enough acronyms, formulas and jargon to make their head spin. So it’s no surprise that financial professionals have trouble trying to get across complex financial information to coworkers. In a Robert Half Finance

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Accounting News – Greek debt crisis: Markets resilient after ‘no’ vote


BBC states: “Japan’s Nikkei index rebounded slightly on Tuesday, a day after stock markets had fallen in the wake of Greece’s decision to reject the terms of an international bailout.   The Nikkei closed up 1.3% at 20,376.59. Stock markets around the world had fallen on Monday in reaction to the “no” vote in Greece’s referendum, but the declines were not as

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Accounting profession in N.S. to use CPA


There are more than 4,000 CPAs in Nova Scotia and over 190,000 across Canada. Accounting professions in Nova Scotia to use CPA. THE CHRONICLE HERALD Published July 2, 2015: “The accounting profession in Nova Scotia now has a new single professional designation.”   Read here: Visit daily to be kept up to date on accounting information, trends and changes. Visit also

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Fellow CPA Ontario members: 2015-2016 Annual Membership Dues Deadline


Fellow CPA Ontario members: 2015-2016 Annual Membership Dues Deadline This is a reminder that each year, CPA’s are required to pay Annual Membership Dues (AMD) and submit their Continuing Professional Development (CPD) declaration. This is also the time of the year to review and update your contact information. Bylaw 4.10 states: “all CPAs are required to provide CPA Ontario with current contact information.” The  deadlines are

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Webinar – The AcSB’s Next Strategic Plan: Have Your Say!

Webinar updates

CPA Canada is presenting this free Webinar as follows: “Tune in to this webinar on July 7, 2015 (English) or July 8, 2015 (French) to hear highlights of the AcSB 2016-2021 Draft Strategic Plan and how you can provide input to its finalization.” “At the Leading Edge of Financial Reporting – The AcSB’s Next Strategic Plan” The AcSB has invited everyone

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Webinar – It is important to keep up-to-date with IFRS

Webinar updates

It is important to keep up-to-date with International Financial Reporting Standards (IFRSs): This is for Canadian public companies, their advisors and the users of their financial statements and private enterprises that use IFRSs in preparing financial statements. REMINDER! Webinar – Developments in IFRSs: 2015 Mid-year Update The Standard states: “Tune in to this webinar on June 19, 2015 (French) or June 26, 2015 (English) to get

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IFRS 3 – Accounting for Business Combinations

Speaker at Business Conference and Presentation. Audience at the conference hall.

June 19: IFRS 3 – Accounting for Business Combinations With merger and acquisition activity at an all-time high, accountants have to know how to apply IFRS 3 – Business Combinations. They are expected to know the rules for integrating the acquired company’s assets, liabilities and equity, and how to assign fair values to them, advise management on the choice of options offered

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Robert Half – Trends, Standards in Finance and Accounting

Cost of Internal Accounting Finance Function Staff

Report Finds Finance Function Costs Increasing as Talent Shortages Intensify Survey From Robert Half, FEI Examines Trends, Standards in Finance and Accounting. CNW Newswire: MENLO PARK, Calif., and MORRISTOWN, N.J., June 5, 2015 /CNW/ — Costs associated with the finance function are rising for many firms, according to a new survey of executives from finance and accounting departments at public and private

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Changes to IAS-1

Background: Issue of clarifying how entities classify debt, especially when it comes up for renewal was originally discussed in Annual Improvements to IFRSs (2010-2012 cycle) whereby amendments were proposed to clarify that a liability is classified as non-current if an entity expects, and has discretion, to refinance or roll-over the liability for at least 12 months (after reporting period end)

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