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April 23, 2019

Morals, taxes do not mix well: Jesuit economist

African countries are among the poorest in the world and the offshoring of company profits is costing each of them nearly $1 billion per year, says Fr. Charlie Chilufya.

Updated 04/23/2019

Accounting isn’t nearly as dull as we think it is, at least for those who practise the craft on behalf of international corporations that don’t want to pay taxes.

Published in International
May 6, 2015

Deal imports American bottom-line accounting to Italy’s Catholic churches

A new church management program founded between an American and a Roman university will train church workers in ethics and managing finances.

VATICAN CITY - A number of Catholic parishes in Italy are set for a management overall, following a new training program launched May 5 between the Villanova School of Business in the United States and the Pontifical Lateran University in Rome.

Published in Vatican
March 4, 2015

TCDSB dealing with a $16.9-million shortfall due to accounting error

Toronto Catholic District School board chair Michael Del Grande says that human error and an inadequate system of checks and balances in the board’s accounting department led to the nearly $17-million deficit.

TORONTO - An accounting error in the previous budget means that the Toronto Catholic District School Board is expected to end this school year with a $16.9-million deficit.

Published in Education
June 13, 2012

A faithful lesson learned during accounting class

Adanna Chigbo, Youth Speak News

As the university “summer” session began, there were a few things I had come to dread: the sweltering heat, brussel sprouts and the accounting course I am taking this summer.

I dreaded this course because one small miscalculation could completely render the following equations inaccurate, and the thought of failure due to one simple mistake seemed a daunting prospect. You might say the same can be said of mathematics of any kind. True — to some extent. But, unlike most other “mathematical sciences,” basic accounting focuses on a notion of balances: assets = liabilities + investments. 

Published in YSN: Speaking Out