Grant Thornton Feed: Manufacturing & Distribution

Succeeding at succession: establishing your goals and objectives

2011-10-17T15:16:57-05:00

A Grant Thornton International white paper advising that a well-framed succession plan should include objectives that are aligned with your business strategies and goals—and then communicated to both your business and personal stakeholders. click to open PDF

The results are in—BC will revert back to the combined PST/GST system

2011-08-26T15:49:22-05:00

On August 5, 2011, the last of the ballots were mailed in to determine the future of BC’s sales tax system. The results are now in. With a simple majority vote of 54.73% in favour of abolishing the Harmonized Sales Tax (HST) and returning to the PST/GST system, the voters of BC have had their say. click to open PDF

Federal budget 2011—staying the course

2011-03-23T11:46:38-05:00

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Canadian manufacturing outlook: 2011 survey

2010-12-17T17:07:43-05:00

Innovation advantage: With the worst of the recession behind us, the 2011 outlook for Canadian manufacturers is most definitely looking up. Despite the challenges that lie ahead, many have already begun making positive changes, including investing in new employees, investing in new lines of business and expanding into new markets. click to open PDF

International Business Report 2010—global sector trends

2010-12-17T16:33:12-05:00

Manufacturing: The manufacturing sectors of many economies|,|across the globe have led the recovery from the|,|deepest recession since World War II. The collapse|,|of world trade, a lack of access to credit and|,|declining consumer confidence saw demand|,|plummet across the sector, but in recent months|,|output and orders have increased dramatically. Privately held businesses in the sector are markedly|,|more confident about their current prospects|,|compared to this time last year. click to open PDF

International Business Report 2010—global sector trends

2010-12-17T16:23:25-05:00

Retail: The retail industry suffered during the global economic downturn as declining GDP growth and falling personal disposable income hit retail sales. Having slowed down in 2008, global non-food retail sales growth contracted in 2009 as fears over fiscal austerity measures and unemployment impacted on consumer confidence. The outlook for this sector is a changing business environment, in both the short and the longer-term. click to open PDF

Example Consolidated Financial Statements 2010 (December 2010)

2010-12-13T11:16:05-05:00

Grant Thornton International, through its IFRS team, develops general guidance that supports its member firms’ commitment to high quality, consistent application of IFRS and is therefore pleased to share these insights by publishing Example Consolidated Financial Statements 2010. This publication reflects the collective experience of Grant Thornton International's IFRS team and member firm IFRS experts. This publication is intended to illustrate the 'look and feel' of IFRS financial statements and to provide a realistic example of their presentation. click to open PDF

Transition to IFRS—Canadian Securities Administrators publish final amended regulations

2010-12-09T17:12:55-05:00

A summary of the main amendments to the regulations previously released by the CSA. The new regulations come into force on January 1, 2011. click to open PDF

Navigating the changes to International Financial Reporting Standards: a briefing for Chief Financial Officers

2010-12-06T16:00:32-05:00

A Grant Thornton International summary of recent changes to International Financial Reporting Standards. It covers new Standards and Interpretations that have been issued and amendments made to existing ones that will affect companies’ future financial reporting. The publication is designed to give Chief Financial Officers a high-level awareness of the requirements of changes that were finalized by November 30, 2010. click to open PDF

CSA Staff Notice 51-333—Environmental Reporting Guidance

2010-11-22T13:35:44-05:00

A summary of Staff Notice 51-333 Environmental Reporting Guidance, issued by the Canadian Securities Administrators on October 27, 2010. The Notice is meant to assist issuers in determining the nature and extent of disclosures required relating to environmental matters. click to open PDF

The CRA’s new vehicle logbook policy may save you time

2010-11-08T15:07:03-05:00

If you use your vehicle for business and personal purposes, you may be able to simplify your record keeping based on the CRA’s new logbook policy.

New development summary: IFRS on lease accounting – Exposure Draft issued by the IASB

2010-10-27T09:01:59-05:00

A Grant Thornton publication that discusses the proposed changes to lease accounting that are outlined in a recent Exposure Draft, issued jointly by the International Accounting Standards Board and the Financial Accounting Standards Board. click to open PDF

Transition anomaly or fraud? Financial statements under IFRS

2010-09-02T16:04:35-05:00

Grant Thornton practitioners Daniel Laflèche and Patrick McParland discuss how financial statement anomalies are likely to occur during the transition to IFRS, and advise preparers and users of financial statements to take precautions to ensure that these anomalies are not as a result of fraud. (Reprinted with permission from the CMA) click to open PDF

Rutter Technologies - performance improvement

2010-08-16T12:46:23-05:00

One solution doesn’t have to mean one strategy.

2010-08-11T09:54:59-05:00

A Grant Thornton LLP white paper for manufacturing and distribution that discusses working both sides of the equation—financial and operational—for a more holistic approach to securing the health of your business. click to open PDF

Accounting for the HST

2010-07-28T12:55:39-05:00

The July 1, 2010 switchover to HST in Ontario and BC has impacted many areas of business and may also have a financial statement impact, including adjustments to the carrying amount of certain balance sheet items as well as prospective impacts on the income statement. click to open PDF

Managing cultural change to drive productivity and profit

2010-05-31T09:39:58-05:00

A Grant Thornton white paper for manufacturers and distributors that explains the culture change process—its advantages—and some of the key considerations you need to think about before embarking on the path of rebuilding a culture that’s more productive, profitable, sustainable, goal-oriented and data-driven. click to open PDF

Survival of the Fittest

2010-05-28T13:56:32-05:00

A Grant Thornton white paper for manufacturers and distributors which examines the benefits of putting a product rationalization strategy into place—giving you the potential to make your company leaner, more robust and better equipped for a volatile economy. click to open PDF

2010-03-10T14:57:47-05:00

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CRA administration of SR&ED program: relief and enhancements

2010-02-26T11:58:17-05:00

A Grant Thornton tax article that discusses some of the details surrounding the recently released relief announcement for Form T661 and other recently announced enhancements to the SR&ED program. click to open PDF