A short time ago someone asked me if the rumor was true. I asked “What rumor?” He replied, “The one about IFRS forcing public companies to file management reports when they file their financial statements with the Ontario Securities Commission. I thought they had to file Management Discussion and Analysis Reports (MD&A) with their statements. Is there a difference between
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The following is taken from Mike Morley’s latest book “IFRS Simplified” IFRS: So many choices…. How is the accountant supposed to decide? International Financial Reporting Standards employ four key principles as guidelines to making decisions regarding which accounting treatment to apply in a particular situation. Should the asset be classified as available-for-sale or as available-for-use? Should the value assigned
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Although investor and stakeholder relations can’t be measured or calculated on a spreadsheet, their value can significantly impact your company’s bottom line. Your brand’s reputation and success are contingent upon effective relationships with not just clients, but also with others affected by how you do business. In short, healthy stakeholder and investor relations are crucial for running a sustainable enterprise.
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New Survey Shows Accountants Prefer Tackling Problems Over Crunching Numbers: as released on: TORONTO, March 18, 2015 /CNW/ – What do most accountants enjoy about their profession? Apparently 39% of accounting and finance professionals enjoy solving problems; as discovered in a Robert Half Finance & Accounting survey. While 29% enjoy making strategic recommendations for the business to give them the
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It’s the subject no one wants to talk about: mental health. But with one-fifth of Canadians experiencing a mental health issue, chances are you’ll encounter it. And when it starts to affect your workplace, avoiding it isn’t an option. That first audit season triggered something in David Albert Newman. Back in 2000, he recalls how his firm at the time
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A majority of small businesses that use outside accountants are engaging them only for specific services and support, according to the web-based survey of 472 small businesses. The business owners who use outside accountants rely on them most for accounting services (76%), bookkeeping services (49%) and tax support (46% personal; 43% business tax compliance; and 43% corporate tax). A minority
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A survey of compensation among CPAs is about to be released. Have things changed since the last report and how does the profession compare with others? When Robin Taub entered the job market, she was convinced that, in her case, there would be no disparity in compensation compared to her fellow male graduates. As a vigorously recruited honours student from
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Volunteer Opportunity – Not-for-Profit Advisory Committee The AcSB is currently seeking volunteers for its new Not-for-Profit Advisory Committee. If you have an interest in accounting and reporting standards for private sector not-for-profit organizations, please submit a resumé by August 4, 2015. The AcSB goes on to say: Do you have an in-depth knowledge of accounting standards for private sector not-for-profit
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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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TORONTO, July 9, 2015 /TheGAAP.net/ – 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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