For the next couple months I’ll be in Kansas City getting some experience in one of the regional offices of a division of my company, helping with some year end tasks. It’s going to be pretty interesting to be on the other side of the table for once, liaising with the external auditors and workingContinue reading “Secondment to the finance department”
Tag Archives: reporting
Changes to GAAP for private companies in Canada
Since the mid 90s there has been debate within accounting circles on whether there should be two versions of GAAP – one for public companies and one for private companies. Big GAAP and little GAAP. The logic is that there are sections of GAAP that do not apply to non publicly accountable entities, and timeContinue reading “Changes to GAAP for private companies in Canada”
Accounting news roundup
Congress wants financial reporting simplified for easier understandability. I can’t honestly say their desire for more regular updates on what the industry is doing to modernize itself is a bad thing, however. Seems like a good prod for the stiff collars at the helm. Here in Canada, there are rumors the federal government may tieContinue reading “Accounting news roundup”
Shell and reporting sustainability
This piece in the Globe and Mail was interesting: Shell was early with “sustainability reporting†(their first annual sustainability report was published in 1998). They currently have a goal to have their (self-reported) greenhouse gas emissions 5 per cent below 1990 levels by 2010, similar to the Kyoto Protocols. The story was about Shell’s CEOContinue reading “Shell and reporting sustainability”