By David Trahair Thomas J. Stanley and William D. Danko explain how rich people get rich in The Millionaire Next Door. Most people dream of becoming millionaires. They want to live the life of luxury — vacationing on the French Riviera, driving a Lamborghini, wearing the latest Italian designer suits and drinking 50-year-old Chivas Regal.… Read More How Do People Get Rich?
By Deanne Gage Want to improve the bottom line without affecting cash flow? Corporate barter is becoming an increasingly popular solution among Canadian companies. Hubert Wat (above), vice-president of global marketing at Canadian tour operator Rocky Mountaineer in Vancouver, is always looking for ingenious ways to stretch his advertising dollars. In 2014, he really hit… Read More The Importance of Corporate Barter
By George W. Russell New trends and the recent development of proposed global principles have pushed management accounting into the spotlight. George W. Russell looks at the evolution in the field and its practice in Hong Kong and China. Gary Biddle, Professor and Chair of Accounting at the University of Hong Kong and a co-opted… Read More The Importance of Management Accounting for Professional Accountants in Business
By Chris Baysden Large publicly listed companies continue to eliminate the COO position, a development that has important implications for the responsibilities and career paths of CFOs. Just 35% of Fortune 500 and S&P 500 companies employed a COO last year, according to executive search firm Crist|Kolder Associates’ Volatility Report 2013. That was down from 39% in 2012… Read More Study Shows Ambitious Finance Execs Need to Network, Broaden Skillset
By Ken Tysiac and Jack Hagel Finance professionals are taking on strategic duties in addition to traditional reporting and compliance roles, and they’re becoming more influential in their organisations. But they still have an opportunity to make significant improvements, particularly when it comes to the use of forecasts. “[The] increasing speed and complexity of business… Read More How To Better Connect – and Communicate – Planning, Forecasting and Budgeting
By Tamar Satov China’s wealthiest getting richer the number of billionaires in China has tripled in the past five years, according to the Hurun Report’s China Rich List 2013. It counts 315 billionaires — including real estate tycoon Wang Jianlin (above) with a chart-topping US$22 billion — among the country’s 1,000 wealthiest individuals, compared with 101 billionaires in… Read More Financial News and Advice from CPA Canada