• 11 Aug 2017 7:42 AM | Editor (Administrator)

    Emma Smith
    Accountancy Age

    Many business owners have little idea of just what a great ally a good accountant can be for their business – and this is where the problem lies.

    Aside from wanting their tax returns filed in an efficient and timely manner, what more does your client need? By putting yourself in your client’s shoes, and really get to know them and their businesses, you’ll get to the heart of what it is that they’re looking for when they hire an accountant.

    Peace of mind:  Your clients – owner-managers and small business owners – are performing a constant juggling act. It is exhausting and stressful and unless they are au fait with accounting practices, nothing is likely to cause them more stress than the financial side of their business.

    READ MORE

  • 11 Aug 2017 7:32 AM | Editor (Administrator)

    Australian lawyers are deemed less ethical than accountants, tax advisors, financial planners and bank managers, a new poll has revealed.

    The Governance Institute's 2017 Australian Ethics Index Survey rated occupations for their ethics - and accountants were rated far ahead of lawyers with a score of 34.

    Lawyers received -3, a marginal improvement from last year but well below many other occupations. They did however beat politicans who received a score of -23 and estate agents who were -29.

    The criteria for ethical behaviour was deemed to be accountability, transparency, highly ethical leaders, whistleblower protection and a strong legal framework.

    The top five aspects of unethical behaviour was viewed as: corruption, company tax avoidance, misleading and deceptive advertising, executive pay, and discrimination.

    READ MORE

  • 10 Aug 2017 8:01 AM | Editor (Administrator)



    Shannon Arnold
    BlackLine Magazine

    Become an exceptional accountant

    Your accounting and finance professionals are at the heart of your organization’s innovation, and crucial to driving strategy and future business growth. But according to a recent BlackLine survey conducted by Censuswide, many mid-sized and large company decision-makers are not fully leveraging this talent.

    According to Helen Brand, chief executive of the Association of Chartered Certified Accountants (ACCA), “To succeed as a professional accountant…a vastly different set of skills is required than was necessary just 10 short years ago. And in the next decade, things are likely to change even faster and more dramatically as the global economy continues to evolve at an ever-quickening pace.”

    So, what does the exceptional accountant of tomorrow need to cultivate today? Think mastering communication, not macros. Strategic aptitude, instead of being spreadsheet savvy. In short, capabilities that enable any accountant to deliver predictive insights to leadership, drive data-based decisions and provide expert counsel.

    These six skills work in unison to serve as building blocks to Exceptional Accountant status:

    READ MORE


  • 10 Aug 2017 7:54 AM | Editor (Administrator)


    Michael Cohn

    The Association of Chartered Certified Accountants has released a new survey raising questions about how accountants and businesses around the world are dealing with ethical challenges prompted by various technology trends.

    Ethics was considered a “very important” skill in the digital age by 77 percent of the respondents, with more than nine out of 10 giving ethics a top rating. An above-average proportion of respondents in the nonprofit and public sectors indicated they considered ethics as “very important” in the digital age. Nearly two-thirds of the respondents called for strong ethical leadership, while a 54 percent majority called for guidance on a new code of ethics for the digital age.

    However, about one out of five respondents admitted they had personally felt pressure to compromise their ethical principles over the past 12 months. The most commonly compromised principle they cited was integrity, specifically “being straightforward and honest in all professional and business relationships.” 

    READ MORE

  • 04 Aug 2017 8:27 AM | Editor (Administrator)

    Jared Hecht
    Forbes Magazine

    A good business accountant will be with you each step of the way as you grow your business, helping you to create a business plan and achieve your financial goals. But how do you find the right person or firm?

    We’ll take a look at the questions you should be asking to choose the right accountant for you.

    READ MORE

  • 01 Aug 2017 7:13 AM | Editor (Administrator)


    Edward Mendlowitz, CPA
    |CPA Journal

    Mervyn King is the godfather of the sustainability and integrated reporting movements and has generated worldwide recognition of these issues in corporate reporting and value creation.

    His new book, Chief Value Officer, highlights the importance of companies issuing financial reports not as financial statements, but as a method of reporting their value measurement and creation, using an integrated approach to include capitals beyond just the financial.

    King also suggests that the most appropriate people to lead the charge are accountants, specifically Chief Financial Officers, who King says should be renamed Chief Value Officers.

    READ MORE


    Edward Mendlowitz, CPA/PFS, ABV is partner at WithumSmith+Brown, PC. He is also the author of a twice-weekly blog posted at http://www.partners-network.com.

  • 26 Jul 2017 12:02 PM | Editor (Administrator)


    The Business Innovation and Growth program is aimed at Canadian SMEs looking to enhance innovation, increase profitability and get a competitive edge.

    Centennial College’s Centre of Entrepreneurship, with support from the National Research Council of Canada-Industrial Research Assistance Program, has launched the Business Innovation and Growth Program.

    The program, starting in September, is aimed at assisting in enhancing the innovation capacity of selected Canadian SMEs and is specifically targeted towards eligible small and medium businesses in operation for at least two years, with two or more employees in Greater Toronto area, that are looking to increase competitive edge and profitability.

    Businesses can get support on their business model design, innovation, strategy development and deployment as well as technology application development support through one or more of the following program streams:

    Business Model Design and Customer development

    Experiential program to design and develop a validated business model for early stage enterprises as well as actionable strategy and roadmap to build the business.

    Innovation & Growth Strategy Development

    Business advisory program for Business Model Innovation, strategy development and deployment for growth based on the need of the individual local business.

    Mobile Application Development

    Assist the existing web-based business with development of a mobile application to support the organizational or market performance improvements for a nominal fee.

    For program details and application, please visit: http://centenni.al/BusinessInnovation


  • 26 Jul 2017 8:39 AM | Editor (Administrator)



    Jason Zuckerman and Matthew Stock
    Going Concern

    This Sunday, July 30, 2017, marks the 15th anniversary of the enactment of the Sarbanes-Oxley Act (“SOX”) of 2002. SOX emerged after the “smartest guys in the room” caused Enron to implode, and WorldCom magically erased billions in earnings overnight.

    The scandals shook the public’s confidence in the reliability of financial reporting and led to the demise of the venerable Arthur Andersen.

    Before the collapse of both Enron and WorldCom, a handful of courageous employees – most notably, Sherron Watkins and Cynthia Cooper – tried to warn management of the frauds at their respective firms.

    Fifteen years later, are whistleblowers in the accounting profession protected from retaliation and has SOX reduced accounting fraud?

    READ MORE

  • 25 Jul 2017 12:51 PM | Editor (Administrator)


    SASKATOON, July 25, 2017 /CNW/ - Export Development Canada (EDC) today announced the opening of a new of ce in Saskatoon, Saskatchewan

    that will bring EDC's nancing and risk mitigating solutions closer to businesses in northern Saskatchewan.

    The Saskatchewan exporting story

    Saskatchewan currently exports 70% of what is produced – that's a big number. There is an estimated 2,100 direct exporters in the area and more than 800 indirect exporters, Canadian companies, not currently exporting, who sell goods or services to a Canadian company or supply chain and will be sold outside Canada. EDC recognizes that more direct resources are required in this region as there are 1450 companies deemed "ready to export" meaning they plan to export within one to two years. With over $32.5 billion in exports volume in 2016, Saskatchewan's trade with international markets has been growing and EDC intends to play a leading role in unlocking more of the region's signi cant trade potential.

    "EDC's investment in Saskatchewan is really about tapping into the deep pool of dynamic, trade-minded companies in the area and providing them with more hands-on service," said Mark Livingston, Regional Vice-president.

    The potential for trade-related business growth in the region is particularly evident in sectors like mining & oil and gas supply chain, agriculture (commodities, equipment, food processing), biotechnology– all products and services that are in high demand globally. EDC has seen a marked increase in the amount of business undertaken by its customers in these sectors which helped in uence the decision to open this new office.

    "We want to act as a catalyst to encourage and equip companies with what they need to go, grow, and succeed internationally," said Livingston. "Saskatchewan based companies, particularly in the north are already exporting heavily into the US market but EDC can help them tap into demand-rich markets like China and India quickly, and with less risk."

    In addition, the presence of major nancial institutions in the region will allow EDC to help more Saskatoon-based companies get the support they need. EDC partners with banks, sharing risks on commercial terms, to ensure that customers can access nancial solutions best suited to their needs.

    "Some very dynamic exporters in Canada are headquartered in and around Saskatoon, with most of them being small-and medium-sized businesses," said Kyle Reid, Account Manager for Saskatoon, EDC. "Their needs can be complex, and our intention is to have our nger on the pulse of their business by being part of the community. The more we understand their business and growth opportunities, the easier it will be to create solutions that are uniquely tailored to their day-to-day reality."

    This initiative is part of EDC's broader growth strategy, domestically and abroad, to help more Canadian companies export and invest internationally.

    EDC serves more than 8,300 Canadian companies and their global customers in up to 200 markets worldwide each year.

    About EDC

    EDC helps Canadian companies go, grow, and succeed in their international business. As a nancial Crown corporation, EDC provides financing, insurance, bonding, trade knowledge, and matchmaking connections to help Canadian companies sell and invest abroad. EDC can also provide financial solutions to foreign buyers to facilitate and grow purchases from Canadian companies.

    For more information about how we can help your company, call us at 1-888-434-8508 or visit www.edc.ca

    SOURCE Export Development Canada

    CONTACT:
    Spokesperson: Carolyn Carson, Export Development Canada, (613) 598-2599.

    RELATED LINKS

    http://www.edc.ca


  • 21 Jul 2017 8:50 AM | Editor (Administrator)


    Bryce Welker, Guest Contributor
    Forbes Magazine

    I realized my accountant was my hero when I began to have more and more time at work after delegating to him. Even though I had accounting knowledge, I needed to concentrate on running other areas of the company. 

    As a CPA and CEO, I knew I had an advantage over other CEOs when it came to financial planning, but I didn’t want to devote too much of my workday to those tasks. 

    An accountant can help with anything from preparing client proposals to pinpointing risks in need of mitigation. 

    A skilled accountant can find missed deductions or help avoid a costly audit by carefully preparing tax filings. And with the changing times, accountants’ roles are also evolving every day.

    READ MORE

    Bryce Welker is the CEO of multiple companies in the online education and elearning space including Crush The CPA Exam.


AccountantsCentral.com is a national Canadian directory of accountants, combined with a web-based magazine (webzine).

We encourage owners and managers of small and medium businesses to better understand the use of numbers in business management, and encourage them to hire accountants as part time Chief Financial Officers, and as advisers on overall business management.


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