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The B.C. Provincial Government has amended the Business Corporations Act in an effort to end hidden ownership of companies and to help crackdown on illegal activities. The intention of the new amendment is to identify the actual individuals who own and control B.C. private companies.
When accounting for revenue, there are few areas of the CPA Canada Handbook one might need to look at depending on which accounting framework is used and the type of revenue generated. The major sections for establishing standards for the timing of recognizing revenue are:
Canada’s accounting profession is now represented by a single national body – Chartered Professional Accountants of Canada (CPA Canada).
The Chartered Professional Accountant (CPA) designation came from the belief that Canada needed a single, unified accounting profession. Built on the strengths of the three legacy designations (Chartered Accountant (CA), Certified Management Accountant (CMA) and Certified General Accountant (CGA)), public interest will be served by common codes of conduct, disciplinary systems and licensing regimes.
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