The AcSB has submitted a comment letter responding to the IASB’s Exposure Draft issued in October 2015. Responses to IASB Documents for Comment: as reported by The Standard. Other Exposure Draft – Application of Materiality to Financial Statements – October 2015 On February 25, 2016, the AcSB submitted a comment letter responding to the IASB’s Exposure Draft issued in October 2015.
Read more
Eligible for One CPD point & the webinar is free Do you want to find out what it takes to ensure a successful business? Solid experience in the implementation of methods that make the difference between achieving business objectives is worth its weight in gold. What are the pillars of successful business? Discover why it is so important to structure
Read more
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. The Group comprises members with various backgrounds who participate as individuals in the discussion. Any views expressed in the public meeting do not necessarily represent the views
Read more
February 2016 Your input is needed! How should private enterprises account for living plants and animals and the harvested products from those plants and animals? Find out about the AcSB’s preliminary views. Agriculture Help shape the future of accounting for agricultural assets under accounting standards for private enterprises. The Accounting Standards Board’s (AcSB) Discussion Paper, “Agriculture,” seeks your input
Read more
The IAS 7 amendments become mandatory for annual periods beginning on or after 1 January 2017. The International Accounting Standards Board (the Board), responsible for IFRS Standards, has issued on 29 January 2016 amendments to IAS 7 Statement of Cash Flows. The improvements to disclosures announced today require companies to provide information about changes in their financing liabilities
Read more
What Makes a Successful Financial Consultant? With more regulations affecting businesses and new technology emerging, firms are hungry for specialized professionals to handle complex finance and accounting projects. However, many organizations may not need this expertise on a full-time basis. This is where financial consultants come in. Financial consulting can be a rewarding career path for senior-level accounting and financial
Read more
Interested in Becoming a Member of the User Advisory Council? The AcSB is looking for new members for its User Advisory Council.(as reported in The Standard) The Council, established by the Accounting Standards Board (AcSB), acts in an advisory role to assist the Board in understanding how users use financial information. Users include: investors and investment professionals; equity and credit
Read more
Time Management Solutions for Increased Productivity Workshop = Increased Productivity = Improved Service + Increased Profitability Law Society of Upper Canada CPD Credit: 3 hours Canadian CPA Credit: 4 hours Register Time Management Solutions for Increased Productivity Workshop This program provides strategies and tools to help you become more focused, organized and productive. Research shows individuals waste anywhere from 20 minutes to
Read more
The Accounting Standards Board (AcSB) heard you! Are you aware that the AcSB revised the timing of the annual improvements process for accounting standards for private enterprises? Here’s an overview of the new process; as reported by the Standard. Timing of the Annual Improvements Process In response to stakeholder feedback, in November 2015 the AcSB agreed to revise the timing
Read more
Interim Management Consultants can help employers shoulder a long hiring process augmenting your staff with an interim management consultant is a staffing management solution that can help ensure your business is covered while you search for skilled candidates to fill full-time, senior-level positions. The U.S. economy has added more than 2.3 million jobs since the beginning of 2015, according to figures from the U.S. Bureau of
Read more