Category Archives: Accounting

IFRS 3 – Accounting for Business Combinations

Speaker at Business Conference and Presentation. Audience at the conference hall.

June 19: IFRS 3 – Accounting for Business Combinations With merger and acquisition activity at an all-time high, accountants have to know how to apply IFRS 3 – Business Combinations. They are expected to know the rules for integrating the acquired company’s assets, liabilities and equity, and how to assign fair values to them, advise management on the choice of options offered

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Robert Half – Trends, Standards in Finance and Accounting

Cost of Internal Accounting Finance Function Staff

Report Finds Finance Function Costs Increasing as Talent Shortages Intensify Survey From Robert Half, FEI Examines Trends, Standards in Finance and Accounting. CNW Newswire: MENLO PARK, Calif., and MORRISTOWN, N.J., June 5, 2015 /CNW/ — Costs associated with the finance function are rising for many firms, according to a new survey of executives from finance and accounting departments at public and private

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PROPOSED AMENDMENTS TO IAS-1

Changes to IAS-1

Background: Issue of clarifying how entities classify debt, especially when it comes up for renewal was originally discussed in Annual Improvements to IFRSs (2010-2012 cycle) whereby amendments were proposed to clarify that a liability is classified as non-current if an entity expects, and has discretion, to refinance or roll-over the liability for at least 12 months (after reporting period end)

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AcSB Annual Plan – 2015-2016

AcSB Annual Plan – 2015-2016

The AcSB Annual Plan sets out the AcSB’s objectives and planned activities for: publicly accountable enterprise, private enterprises, and not-for-profit organizations along with other initiatives to be undertaken in 2015-2016. The key elements that will be considered in the Annual plan are summarized as follows: The maintenance of the separate strategies for “each major category of reporting entity.” The AcSB will continue to support the

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Canada’s CFO of the Year for 2015

Canada’s CFO of the Year for 2015: Canadian Tire’s Dean McCann Dean McCann, Executive Vice-President and Chief Financial Officer (CFO) of Canadian Tire Corporation, Limited, has been selected for this year’s distinction. On behalf of all TheGAAP.net members we would like to congratulate Dean for achieving such an admirable award. “Dean’s achievements at Canadian Tire – which include leading the

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CPA Canada Helps Businesses Adapt to Climate Change

CPA assists businesses to adapt to climate change

The Chartered Professional Accountants of Canada and Natural Resources Canada have sponsored a new strategic initiative that will help companies adapt to the effects of climate change by indentifying the risks and opportunities. This multi-year initiative to help businesses and organizations better understand and adapt to the implications of climate change was announced by the Chartered Professional Accountants of Canada

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Auditing and Assurance Standards Board (AASB)

Auditing and Assurance Standards Board (AASB)

AASB Decision Summary The Auditing and Assurance Standards Board (AASB) summary of decisions has been prepared for information purposes only. These decisions are tentative and reflect only the current status of discussions on projects and other matters. These might change after further deliberations by the AASB. Note: Decisions are final only after a formal voting process. These are a couple

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Accounting Firms: Follow These Hot Tips for Maximum Profit in 2015

  The New Year has come and gone, which means by now, we are all back in the flow of our daily routines. It’s not too late however, to make some new resolutions that can help your firm grow by significant leaps and bounds. By taking the tips from those that analyze the market, you can maximize profits for this

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IFRS 3 – Accounting for Business Combinations

Speaker at Business Conference and Presentation. Audience at the conference hall.

With merger and acquisition activity at an all-time high, accountants have to know how to apply IFRS 3 – Business Combinations. They are expected to know the rules for integrating the acquired company’s assets, liabilities and equity, and how to assign fair values to them, advise management on the choice of options offered by this standard, include all of the

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2015 Hiring Trends – Financial Analysts & Senior Accountants In-Demand

2015 Hiring Trends - Financial Analysts & Senior Accountants

If you hail from the ranks of skilled financial analysts, senior accountants, staff accountants or payroll professionals, you are among those likely to be in strong demand next year. The just-released 2015 Salary Guide from Robert Half lists the following as the hottest jobs in 2015:   Analysts Accounting professionals who pair financial skills with business acumen are highly sought

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