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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Biggest fears of a CPA If you hold the most senior accounting position; it is your responsibility to be on the lookout for factors that affect your financial or management reporting and the business your company is involved in. If you’re not; you should let that person know of any developments that you have discovered. After all this is good
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This article highlights the availability of transitional provisions on initial transition to Sections 1591 and 3056. As reported by The Standard. Are you a private enterprise thinking about preparing consolidated financial statements? The Accounting Standards Board (AcSB) has made this easier for 2016. Section 1591, Subsidiaries, and Section 3056, Interests in Joint Arrangements, are effective for annual periods beginning on
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Is the economy keeping you up at night? Are you concerned about the risks to your company? Are you worrying about Cybercrime? As a CPA of our company we have many responsibilities however we always have to be on the lookout for any factors that can affect our financial or managerial reporting and the business we are involved in.
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Whether you’ve started or you’re months away: now is the time to get started. Do you have a job description? if you don’t you could start by doing a search online for any relevant job descriptions. Try getting two or three and consolidate all the different duties. Then review to make sure that all the important duties are there. This
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Keep in mind that while we are reducing absenteeism; we are also reducing turnover, if we are creating conditions that inspire employees to come to work. I am proud to say that am batting nearly 1,000 when it comes to retaining personnel. I can count on one hand how many people have quit their position; while they were working for
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