Insights

In this installment of the Profitable Franchise video blog, BDO Partner John Leavitt discusses his experience at the 2018 Canadian Franchisors Association convention and pinpoints one major concern of many franchisors. Please watch to learn how the best run franchisors implement change in their franchise systems.

In this installment of the Profitable Franchise video blog, BDO Partner John Leavitt outlines how the best run franchise companies analyze their monthly income statement for profitability.

Canada continues its commitment to adopting international standards on auditing.

Changes include key International Financial Reporting Standards (IFRS) decisions, updated CSA guidance and revisions to required disclosures. Learn more.

There are many things that need to be considered before and after you acquire a business. This video explains what you should consider once the deal closes.

We explain how you can plan for growth without overextending your business as it can be challenging to keep up with demands without going over budget.

If your business has a tight deadline, it may be more effective to hire an accounting firm to provide temporary assistance rather than hire someone new.

Recent changes to IFRS will have implications for how you communicate with key stakeholders, such as investors and lenders. Watch our video to learn more.

The introduction of the new revenue standard IFRS 15 Revenue from Contracts with Customers may be an opportunity for private enterprises to change their pattern of revenue recognition. IFRS 15 provides specific guidance on complex revenue transactions that doesnot exist under Section 3400 Revenue. For example, IFRS 15 provides guidance on areas such as variable consideration, distinct performance obligations, accounting for licenses, material rights, and contract modifications.