IFRS

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IFRS (International Financial Reporting Standards) are globally accepted financial reporting standards that are developed by the International Accounting Standards Board (IASB). The IASB bases these standards on clearly articulated principles. Publicly Accountable Enterprises are required to produce financial statements using IFRS. These Canadian companies must review the changing standards to determine how it impacts their individual financial reporting.

Keep informed about up to date IFRS accounting information, trends and changes; on this page daily.

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IFRS Articles

IFRS update

Before 2021, IFRS 17 means also applying IFRS 9 and 15

From IFRS.org: “IFRS 17 is effective for annual reporting periods beginning on or after 1 January 2021 with earlier application ...
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IFRS update

IFRS 13 (FASB Topic 820) Fair Value Measurement and Required Disclosures – Such A Concept!

By issuing International Financial Reporting Standard #13 (IFRS 13), the International Accounting Standards Board (IASB) defines fair value, sets out ...
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IFRS update

IFRS 9 A New Regulatory Change in 2018 – Are You Ready?

IFRS 9, now effective for annual periods beginning on or after 1 January 2018, requires that you be aware of ...
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Moving from GAAP to IFRS So many changes and so much to learn – A curse or an opportunity?

There is an ancient Chinese curse that goes something like this, “May you live in interesting times!” Well, these are ...
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