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June/July 2008

	Features
	Avoid costly system replacements by modernizing old applications Many companies are still running legacy applications that were built 10-20 years ago. Companies can improve user productivity by adding a front-end Web browser to their current system. By Mike Kinrys, CMA

	IFRS — the next accounting revolution Whoever said the accounting world wasn’t dynamic? Over the past few years, demand for accounting professionals has been strong as companies strengthened their internal controls to comply with Sarbanes Oxley (SOX) legislation and the Canadian equivalent. Now, International Financial Reporting Standards (IFRSs) are coming to Canada and are about to change Canadian accounting. By Karine Benzacar, CMA

	Developing control tools for managing website content The Internet is a powerful communications network. To capitalize on its power, companies are using their website as a strategic tool to present information, maintain contact with shareholders, investors, promote their products and services, and encourage electronic transactions. Control tools need to be developed to manage website content effectively. By Jean-François Henri, CMA, and Sylvie Héroux, CA

	June/July 2008
	Insurance products respond to increase in cyber risks In today’s world, information is exchanged instantly. The Internet has become a primary channel over which people communicate and conduct business. This evolution brings with it new opportunities and rewards, as well as risks and liabilities. By David Turner

	Taking chances As an author, professional speaker, and founder of Big Picture Institute, Caputo uses her storytelling techniques to educate and empower business leaders to foster and cultivate a productive workforce. Through her strategic thinking and thought provoking style, she’s empowering her clients to explore options and take action to get what they want from their own careers. By Andrea Civichino

Columns
Human resources Destination: Opportunity. Although a relocation offer may sound glamorous, it’s important to research and negotiate the details before making the move. By Emilie Dunnigan, CMA

Management trends Is your company producing bad profits? To grow profitability, a company needs to have a business model that provides opportunities to capitalize on short-term market conditions and customers while creating an organization that adds a valuable product/service for the long term. So, if a company wants to create a value-driven, profitable organization, where does it start? By Janet Boulter

Business strategies Business leaders need to understand the value that an effective and well executed supply chain management philosophy can bring to a company in terms of improved productivity, competitive differentiation and tangible, measurable economic benefits. By Mike Croza

Money management Insurance options protect businesses from the unexpected. It can take years to build a small business. Don’t put it at risk by ignoring insurance needs. By Michael Low, CMA

	Information technology More companies tailor website designs to meet customer demands. Improved Web-development tools and the ubiquity of high-speed Internet have given companies new options for enhancing their sites. The real opportunity, however, lies in leveraging the interactive nature of the Web. By Jacob Stoller

	Government issues Paying the price of a carbon-based economy. Ottawa’s latest effort to confront industrial GHG emissions builds upon the federal government’s April 2007 Regulatory Framework for Air Emissions, which established the overall target of reducing Canada’s total GHG emissions by 20 per cent below 2006 levels by 2020. By Alan Young

	Global view Sustainable finance becomes a competitive factor. In its early days, sustainable business practice was sometimes seen as “green washing,” or a way to burnish a company’s public image. However, global competition and social pressures are forcing companies to take sustainability seriously. By Karen Clarke-Whistler

	Departments
	Media bites Leading by example The Necessary Revolution Billions of Entrepreneurs Stall Points

	News and views New and noteworthy information you can use Fewer small businesses in Canada considering expansion Manufacturing, retail and distribution industries not ready for IFRS Employment for newcomers to Ontario Study finds Canadian business tax system complex and costly Costing and Profitability Study by the Business Reasearch and Analysis Group