May 19, 2011
Two professors with the Department of Accounting Studies, Full Professor Louise Martel and Associate Professor Diane Paul, took first place in the case study competition of the Canadian Academic Accounting Association (CAAA) – French category. The winners, co-authors of the Floriculture du Suroît inc. case, will officially be presented with their award at the CAAA Conference to be held in Toronto from May 26 to 29 this year.
The jury members were impressed with the realism of the case and the specific sector, the range of accounting problems raised and their comparative analysis using two accounting references, i.e. international financial reporting standards (IFRS) and Canadian accounting standards for private enterprises.
The Floriculture du Suroît inc. case is based on the actual experiences of two Quebec SMEs in the horticulture industry. It offers a critical analysis of the accounting principles and practices specific to this industry, and in particular identifies value-creating transactions in the horticulture industry and the possibility of showing this value in the company’s financial statements.
Note that Louise Martel and Diane Paul have now won this award together twice, since they took first place in 2006 for their Mythco Pharma inc. case. Ms. Paul also received the award in 2007 for her Transition Therapeutics inc. case.