June 12: IFRS 2 – Accounting for Share-Based Payments Simplified Companies often grant shares or share options to employees, directors, senior executives, or other parties such as suppliers and providers of professional services. The popularity of share plans and share option plans has made it imperative that accounting professionals understand how to account for share-based payment transactions. Topics covered include:
Read more
“The importance of networking is no secret to any accounting and finance professional – particularly those who have already made their way up the ladder. But brushing up on networking skills is never a bad idea, even for experienced finance managers and chief financial officers.” as posted by Robert Half Management Resources on February 11, 2015 at 3:00 PM They go
Read more
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
Read more
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)
Read more
Accountants: This IFRS Webinar is important for some and imperative for others Webinar – Developments in IFRSs: 2015 Mid-year Update The Standard announced “Tune in to this webinar on June 19, 2015 (French) or June 26, 2015 (English) to get an up-to-date briefing on IFRSs.” It is important that International Financial Reporting Standards (IFRSs) be kept up to date by all those who
Read more
Standards for Private Enterprises – Webinar Webinar – Developments in ASPE and NFPO Standards: 2015 Mid-year Update The Standard announced that on June 17, 2015 (English) and June 10, 2015 (French) tune in to this webinar “to hear about what is happening with accounting standards for private enterprises and not-for-profit organizations.” This webinar features the following speaker: Brian Drayton, FCA, CMC, member
Read more
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
Read moreCanada’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
Read moreEric Turner has been promoted to the new Director, Auditing and Assurance Standards; effective on May 1, 2015. He has succeeded Greg Shields who retires as of July 31, 2015. For more than 20 years Eric has been with CPA Canada and its predecessor. During that time Eric has distinguished himself through effective staff support for many complex standard-setting initiatives.
Read more
Reporting revolution! Significant changes to the auditor’s report are getting closer. The AASB plans international standards for auditor reporting in 2017. The Auditing and Assurance Standards Board (AASB)’s recent developments are bringing closer the reality of significant changes to the auditor’s report (form and content). Eric Turner, CPA, CA (Director, Auditing and Assurance Standards, CPA Canada) goes on to say
Read more