Tag Archives: ifrs

How are you keeping up to date on Accounting?

TheGAAP.net is the provider of up-to-date accounting information.

TheGAAP.net is the provider of up to date accounting information, trends and changes, serving accountants and business people interested in Accounting for their businesses. For years, TheGAAP.net has provided Accounting; articles, surveys, employment opportunities, resource recommendations and accounting services by some of the best known speakers, companies and authors. TheGAAP.net is best known for “Filling in the Gaps for Canadian

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IFRS: Management Reports or MD & As…or both?

A short time ago someone asked me if the rumor was true. I asked “What rumor?” He replied, “The one about IFRS forcing public companies to file management reports when they file their financial statements with the Ontario Securities Commission. I thought they had to file Management Discussion and Analysis Reports (MD&A) with their statements. Is there a difference between

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IFRS: So many choices…. How do you decide?

The following is taken from Mike Morley’s latest book “IFRS Simplified” IFRS: So many choices…. How is the accountant supposed to decide? International Financial Reporting Standards employ four key principles as guidelines to making decisions regarding which accounting treatment to apply in a particular situation.   Should the asset be classified as available-for-sale or as available-for-use? Should the value assigned

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Accounting Update – New UAE Companies Law requires IFRS

accounting update

The IFRS Foundation has announced a new Commercials Companies Law. Commercials Companies Law No. 2 of 2015 came into effect in the United Arab Emirates and requires all UAE (United Arab Emirates) companies to apply the international accounting standards and practices, namely IFRS. The previous laws had only required compliance with international standards and practices, which had been interpreted as

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Webinar – It is important to keep up-to-date with IFRS

Webinar updates

It is important to keep up-to-date with International Financial Reporting Standards (IFRSs): This is for Canadian public companies, their advisors and the users of their financial statements and private enterprises that use IFRSs in preparing financial statements. REMINDER! Webinar – Developments in IFRSs: 2015 Mid-year Update The Standard states: “Tune in to this webinar on June 19, 2015 (French) or June 26, 2015 (English) to get

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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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IFRS Webinar – First-Time Adoption Made Easy

Webinar updates

June 5: IFRS 1 – First-Time Adoption Made Easy – Webinar Publicly Accountable Enterprises (PAE’s) are always expected to publish their first comparative financial statements (including quarterly statements) based on International Financial Reporting Standards (IFRS). They will need to implement the new standards well in advance of that date using IFRS Standard # 1.  IFRS Standard # 1 was specifically issued

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IFRS and global standards: A Canadian perspective

IFRS update

View the video recording of the IFRS Foundation Trustees and the Canadian Accounting Standards Oversight Council (AsSOC) joint event to discuss Canada’s perspective on IFRS and global standards. The video recording is as follows: Video Time Presenter 00:00 Opening: Linda Mezon, Chair of the Canadian Accounting Standards Board 08:45 Eulogy to Harvey Goldschmid: Michel Prada, Chairman of the IFRS Foundation

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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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