Category Archives: Accounting

AcSOC Meeting Agenda – June 8-9, 2017

management

Meetings of the AcSOC are open to public observation, subject to the discretion of the Chair. As reported by The Standard. Information about the upcoming AcSOC meeting and guidelines for observers are as follows. Dates: June 8, 2017 – 9:45 am to 5:00 pm June 9, 2017 – 11:15 am to 11:45 am Venue: Hyatt Regency Vancouver Balmoral Room 655

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Final Standard – Insurance Contracts

IFRS

The International Accounting Standards Board (the Board) has today issued IFRS 17 Insurance Contracts. This first truly international IFRS Standard for insurance contracts will help investors and others better understand insurers’ risk exposure, profitability and financial position. As reported by The Standard. IFRS 17 replaces IFRS 4, which was brought in as an interim Standard in 2004. IFRS 4 has

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Reminder: AMD and CPD declarations due June 1

times_up

“…the deadline for AMD payments and CPD declarations is June 1, 2017. Log in to cpaontario.ca/AMD to complete both today. Payments and/or declarations received between June 2 and 30, 2017, are subject to late fees. Members with outstanding payments and/or declarations after June 30, 2017, are subject to membership suspension.”” as reported by CPA Ontario. Annually, members are required to

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AcSB Decision Summary – April 20, 2017

Accounting Standards Board

An executive summary of discussions and decisions with respect to the topics addressed at this meeting. As reported by The Standard. This summary of Accounting Standards Board (AcSB) decisions has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussion on projects, which may change after further deliberations by the AcSB. Decisions

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IASB Discussion Paper – Disclosure Initiative—Principles of Disclosure

capture

The IASB has issued a Discussion Paper that suggests principles to make disclosures in financial statements more effective. Canadian stakeholders are encouraged to provide feedback directly to the IASB by October 2, 2017. As reported by The Standard. Comments to be received by 2 October 2017 Take action  Visit TheGAAP.net daily to be kept up to date on accounting information,

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 Improvements to IFRS 8 Operating Segments

IFRS

The International Accounting Standards Board (the Board) has today published proposed improvements to the IFRS Standard covering operating segments, IFRS 8, for public consultation. As reported by The Standard. IFRS 8 Operating Segments was issued in 2006. It sets out the disclosure requirements for information about a company’s operating segments, products and services, as well as about the geographical areas in

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AcSB Exposure Draft – Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9)

Accounting Standards Board

The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. As reported by The Standard. Stakeholders are encouraged to submit their comments by May 24, 2017. Respondents are asked to email their comment letters (in a Word file) to: ed.accounting@cpacanada.ca. Please address your comments to: Rebecca Villmann, CPA, CA,  CPA (Illinois) Director, Accounting

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Brainstorming your problems – Sponsored by Jeffrey Gregory of Desjardins Financial – Registration Ends Today!!

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

TheGAAP.net & TFN Present: Brainstorm Your Problems How to energize employees and co-workers, and look brilliant doing it! Get the best ideas by systematically brainstorming any problem (including job searches) Sponsored by: Jeff Gregory of Desjardins Financial Security Investments Inc. Free Raffle Prize:  Garmin Dash Cam 35 Your employees are your boots on the ground.  They are often the single

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AcSB Decision Summary – March 21-22, 2017

Accounting Standards Board

An executive summary of discussions and decisions with respect to the topics addressed at this meeting. As reported by The Standard. International Financial Reporting Standards Annual Improvements 2015-2017 The AcSB discussed and approved its response letter to the IASB’s Exposure Draft, “Annual Improvements to IFRS Standards 2015-2017 Cycle,” subject to drafting changes. IFRS Financial Statement Users The AcSB discussed the

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