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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Savvy businesses are always looking for ways to inspire innovation at work. Good leaders know that success comes from unconventional thinking and visionary ideas. And creativity is not just for computer companies, artists or ad agencies. In accounting and finance jobs, novel approaches can streamline operations and improve the bottom line. What’s more, when employees feel that management listens to
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Apply today. The AcSB is currently seeking new members, with a preference for financial statement preparers and users. If you are interested, please submit a resumé by September 25, 2015. The AcSB goes on to say: Are you interested in debating accounting standards issues arising from the application of International Financial Reporting Standards (IFRSs) in Canada? Would you like to participate in
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Notice of Annual General Meeting – Chartered Professional Accountants of Ontario CPA Canada’s Annual General Meeting notice is as follows: Notice is hereby given that the Annual General Meeting of the Members of Chartered Professional Accountants of Ontario will be held on Thursday, September 24, 2015, commencing at 4:30 p.m., at its offices, 69 Bloor Street East, Toronto, for 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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Saxton, who runs Arrow Accounting and Bookkeeping on Danforth Ave., is a Chartered Institute of Management Accountants (CIMA) designation, a credential he says is internationally recognized and that takes an average of three to four years of study to earn. But now he, like other foreign-trained accountants, fears he will be penalized under a recent Ontario law. Under Bill 158, Saxton
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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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