Category Archives: Accounting Issues

Capital, Leverage

Discussing concept of operational leverage in managerial accounting class. Mathematically being contribution margin/operating income. Idea that the higher the operating leverage, the more significant the effect of a percentage change in gross income. A business with high operating leverage having … Continue reading

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Over

Have written about the faded history of the century-plus close relationship between the United States and Canada in relation to the establishment of financial accounting standards. Largely all over, as of 2006, with the move in Canada towards International Financial … Continue reading

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Legislative Intervention

There’s a private in my boat and he wears Pins instead of medals on his coat Have written about how financial accounting standard-setting is a delegated legislative act. Any legislature can revoke such delegation, and opt to set financial accounting … Continue reading

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Fan Letter

Once knew someone at the beginning of her acting career. She later achieved international success as a voice actress. Didn’t know her then, and don’t know her now. Somebody saw her in an early play, not one on a major … Continue reading

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Reasonable Expectation

Have written about Nortel on a number of occasions. Came across this March, 2001 Financial Post article. It was all so predictable… Analysts query Nortel sales Financial Post, March 1, 2001, p. C1 The industry practice of recording revenue on … Continue reading

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Optics

From the abstract of “Corporate environmental sustainability disclosures and environmental risk: Alternative tests of socio-political theories“, by Michael Dobler (Faculty of Business and Economics, Technische Universit├Ąt Dresden, Dresden, Germany), Kaouthar Lajili and Daniel Z├ęghal (both of the Telfer School of … Continue reading

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Accounting Judiciary II

If accounting standard-setting is a legislative act, where is the judicial dimension that so often gets confused with the legislative nature of standard-setting? Have suggested that this is a role of securities commissions. Would seem that one is fortunate where … Continue reading

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