Category Archives: IFRS Updates

DON’T FORGET! IFRS Discussion Group Meeting Agenda – September 13, 2016

IFRS update

An agenda covering the topics for discussion is now available. Get more information about the meeting to be held in Saskatoon, including how to attend in person. Date: September 13, 2016 – 9:00 am to 3:00 pm Location: Delta Bessborough Salon Batoche 601 Spadina Crescent East Saskatoon SK  S7K 3G8 Public Observation: Complete the Observer Registration Form Read the Guidelines for

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IFRS Discussion Group – Report on May 31, 2016 Meeting

IFRS update

Read the report for details about the Group’s discussions. As reported by The Standard. IFRS Discussion Group Archived Audio Webcast May 31, 2016 The IFRS Discussion Group is a discussion forum only. The Group’s purpose is to assist the Accounting Standards Board (AcSB) regarding the identification of issues arising on the application of International Financial Reporting Standards (IFRSs) in Canada.

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What CPA accounting topic would you like TheGAAP.net to present in one of our upcoming workshops?

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

If we haven’t had that CPA accounting topic before, and we choose your idea; we will award you two tickets to attend and an exclusive meet and greet with the founder of TheGAAP.net (Paul J. Calleri) shortly following the workshop. TheGAAP.net has just presented: Time Management Solutions for Increased Productivity in February and is back by popular demand on April

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International Financial Reporting Standards (IFRS)

IFRS Update as reported by The Standard. IFRS Foundation Exposure Draft – Trustees’ Review of Structure and Effectiveness: Proposed Amendments to the IFRS Foundation Constitution   IFRS Foundation Feedback Statement – Trustees’ Review of Structure and Effectiveness Visit TheGAAP.net daily to be kept up to date on accounting information, trends and changes. For years, TheGAAP.net has provided Accounting; articles, surveys,

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International Accounting Standards Board issues narrow-scope amendments to IFRS 2 Share-based Payment

The International Accounting Standards Board (the Board) today issued amendments to IFRS 2 Share-based Payment, clarifying how to account for certain types of share-based payment transactions. The amendments, which were developed through the IFRS Interpretations Committee, provide requirements on the accounting for: the effects of vesting and non-vesting conditions on the measurement of cash-settled share-based payments; share-based payment transactions with

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AcSB Response – Financial Instruments and Disclosure

The AcSB has submitted a comment letter responding to the Office of the Superintendent of Financial Institutions’ Draft Guideline on IFRS 9 Financial Instruments and Disclosure. Responses to Other Documents for Comment The Accounting Standards Board (AcSB) may respond to a document issued for comment by other bodies when it relates to matters effecting financial reporting by Canadian entities. AcSB

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Accounting Standards Board – Decision Summary – April 20, 2016

April 20, 2016 – 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 to publish Handbook material are final only after a formal ballot process. International Financial Reporting Standards Accounting

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The International Accounting Standards Board has issued amendments to the Revenue Standard

IFRS update

The International Accounting Standards Board (the Board) has today issued amendments to the Revenue Standard, IFRS 15 Revenue from Contracts with Customers, clarifying some requirements and providing additional transitional relief for companies that are implementing the new Standard. As reported by “The Standard” The amendments to the Revenue Standard, which was issued in 2014, do not change the underlying principles

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Final Revisions – Engagements to Report on Summary Financial Statements

IFRS update

The IAASB has issued revised ISA 810, which leverages the additional transparency resulting from the new and revised auditor reporting standards. The revised ISA is effective for engagements to report on summary financial statements for periods ending on or after December 15, 2016. As reported by The Standard. ISA 810 (Revised), Engagements to Report on Summary Financial Statements ISA 810

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AcSB 2016-2021 Strategic Plan – Accounting Standards in Canada: At the Leading Edge of Financial Reporting

IFRS update

Read the new five-year Strategic Plan, which takes effect on April 1, 2016. The Plan continues the overall strategies already adopted for the different categories of private sector reporting entities, and improves how they are being implemented. The AcSB is an independent body with the authority to establish accounting standards for use by all Canadian entities outside the public sector.

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