December 2006 — PRINT EDITION             Level the paying field Too many businesses don’t manage their banking costs or take the time to prepare a fee-negotiation case. Banking costs are an untapped source of value. But with the right strategy and the right tool, these savings can be unlocked Behind the numbers The accounting profession’s first ever national practice management manual survey provides a valuable numerical snapshot of how practitioners organize their offices across the country. And it’s already making an impact     Technovations Mobile computers     People Todd Mintz explores the oceans of the world capturing their wonder and beauty. And the Regina-based CA’s award-winning underwater photos have even made it to the venerable Smithsonian Institution     News and trends   •  Most wanted: wine, bubbly, liquor   •  Car clash   •  IFRS: are you ready?   •  Poor risk management creates more risks Pleased as they might be about their efforts to manage risk, many Canadian companies are actually failing badly in that area, a recent Ernst & Young report suggests. And by turning a blind eye to proper risk management they face another risk: losing investors.   •  Shoring up a dwindling workforce In 50 years, will there be fewer CAs in Canada? That seems logical to ask, given StatsCans’ population projections for the next half-century.   •  Standards digest     Numbers game       Ask an expert Dealing with job stress     Book Value   •  Leading with Questions: How Leaders Find the Right Solutions by Knowing What to Ask   •  Thinking for a Living: How to Get Better Performance and Results from Knowledge Workers     Findings Risky business     As quoted Any mail?     Going concern John Yates, CA CEO, President, Publisher U of T press Inc.       Taxation Detax the dividends: to level the playing field, the feds have put forth a plan to reduce the income tax rate on certain dividends     Technology Work made easier: business intelligence and OLAP technology — making financial analysis and forecasting easier     Business valuation Accounting of profits: in Canadian courts when determining monetary remedy in patent cases, it’s crucial to determine the profit “caused” by the infringement     Business adviser Why fair pay? Fair compensation isn’t just a matter of equity; among other reasons, it’s so partners can practice in their own style     Letters to the editor Inside out Fees received and paid Off the record A year of drama Netwatch Linux comes of age Third annual CRM survey This year’s instalment includes 17 systems, from ACT! to SAP Business One. Outlook A golden age