Professional matters: news and views for members — November 2015

CPA Canada is rolling out its financial literacy program with new workplace sessions on saving strategies, retirement planning and more.

FINLIT MONTH

Money management on the job

CPA Canada is putting its financial literacy program to work. Six free hour-long sessions covering topics such as saving strategies, retirement planning and teaching kids about money will be offered in federal government departments and later to other workplaces. It’s just one way that CPA Canada’s 11,000-member financial literacy outreach supports the efforts of Canada’s National Strategy for Financial Literacy.

“Workplace programs allow relevant information to be delivered in a timely fashion to vast and various audiences,” says Cairine Wilson, vice-president of corporate citizenship at CPA Canada. “Both employers and employees benefit.”

Find out more at cpacanada.ca/financialliteracy.

DATA DIVING

How would I pay for a surprise expense of $500?

How would I pay for a surprise expense chart

MEMBER RESSOURCES

IFRS tips for oil, gas and mining

The latest CPA Canada Viewpoints papers are perfect for resource-strapped junior companies that need help applying IFRS.

Oil and gas companies can learn to account for flow-through shares and interest in a joint arrangement not structured through a separate vehicle. Mining companies can get guidance on capitalizing borrowing costs and accounting for decommissioning liabilities in a business combination. Download the four free publications at cpacanada.ca/viewpoints.

GOOD READS

Financial statements made simple

With CPA Canada’s Five Steps to Simplifying Financial Statements – Today, you can prepare financial statements that communicate effectively and still comply with disclosure requirements.

No significant investment in time or money is needed. Download the report and a video of highlights at cpacanada.ca/simplifyingfinancialstatements.

But even simple financial statements can be confusing for a novice. CPA Canada’s Reading Financial Statements – What Do I Need to Know? answers common questions to encourage a more informed public. Get your copy at cpacanada.ca/readingfinancialstatements.

QUOTE

“The secret isn’t to set a budget but to track how you spend your money.”

—    David Trahair, CPA, CA, In “Fun in the sun adds up,” 24 Hours, July 28, 2015