Looking to the Future Our Annual Report for the year ended March 31, 2016 provides the public with an account of our work done to serve the public interest by establishing high-quality standards and guidance that enable the public accounting profession to provide effective auditing, other assurance and related services. As reported by The Standard. This year’s report includes the
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What do I do if you are self-employed and want to get credit? Start by being well documented. You will never convince a potential creditor that you can handle your finances if you can’t handle your business and personal financial documentation. Be prepared to show how your budget will accommodate the loan payments and how you will plan for those
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Sign up now!Tune in to this webinar on October 12, 2016 to hear from the AcSB Chair, Linda Mezon, and IASB Board member, Stephen Cooper. Stephen will provide an update on IFRSs, giving Canadians a rare opportunity to discuss IFRS-related topics directly with a member of the IASB. As reported by The Standard. Event Details Location and date: Online (English)
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Cash flow is an important part of any company’s operations. Insufficient funds can lead to a bad credit rating, penalty and interest expenses, vendors placing our orders on hold etc. It can even lead to the downfall of the company. Not only is not being able to pay bills; embarrassing; but as I said before it could also cripple the
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AASOC is a constantly evolving independent, volunteer body with its finger on the pulse of the ever-changing complexities of Canada’s business community. As reported by The Standard. We are looking for candidates who are passionate about playing a public interest role. Apply by September 9, 2016. About AASOC We are a constantly evolving independent, volunteer body with its finger on
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The topics the Accounting Standards Board (AcSB) plans to discuss, in addition to routine updates, and anticipated actions, if any, are outlined below. Although current at the date prepared (August 29, 2016), this agenda is subject to change. International Financial Reporting Standards Accounting Standards Advisory Forum (ASAF) Gather input from the AcSB on topics to be covered at ASAF’s September
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An agenda covering the topics for discussion is now available. Get more information about the meeting to be held in Saskatoon, including how to attend in person. Date: September 13, 2016 – 9:00 am to 3:00 pm Location: Delta Bessborough Salon Batoche 601 Spadina Crescent East Saskatoon SK S7K 3G8 Public Observation: Complete the Observer Registration Form Read the Guidelines for
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Yesterday we spoke about “Organizations that just set a budget and do not hit the budget; do so at their own peril”. But what if you painstakingly planned the total Budget for next year, you had everyone participate and agree to the targets and this year the targets are not being met. What do you do? I am sure many
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A budget is a quantitative expression of a goal. One of the greatest tools accountants have to help management achieve their goals is a budget. The Sales Department must achieve the targets that they have committed themselves to. If revenue falls short of expectations and expenses are not reduced accordingly, then losses may occur. Alternatively, if expenses exceed budget targets,
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If you believe this and you have not implemented a Budgeting system for your organization; when are you planning to do so? We accountants are a very busy bunch, however some things have to be done and a budget is one of those things. So much so; that I would say that hiring someone to backfill your position while you
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