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Author Archives: Paul Calleri

Accounting Standards Oversight Council — Report on Public Meeting – June 9-10, 2016

August 12, 2016 Paul Calleri rel="nofollow"Leave a comment

Accounting Standards Oversight Council discusses the activities of the AcSB and PSAB, and related matters. As reported by The Standard. At its meeting in Ottawa on June 9-10, 2016, the Accounting Standards Oversight Council (AcSOC) received presentations on, and discussed, the following: Accounting Standards Board Activities The AcSB’s Academic Advisory Council Update on International Accounting Matters Public Sector Accounting Board

IFRS Discussion Group – Report on May 31, 2016 Meeting

August 10, 2016 Paul Calleri rel="nofollow"Leave a comment

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.

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

August 9, 2016 Paul Calleri rel="nofollow"Leave a comment

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

Successful Managers Have a Proactive Afternoon Routine

July 28, 2016 Paul Calleri rel="nofollow"Leave a comment

If you haven’t read “Successful Managers Have a Proactive Morning Routine” you can pick it up here: Do You Want to be a Successful Manager; Then Start Your Day With a Proactive Morning Routine You’ve gone through your morning routine, had a nutritional lunch and have taken a few moments for yourself. It’s now the afternoon. Take a walk and see

AcSB 2015-2016 Annual Report

July 27, 2016 Paul Calleri rel="nofollow"Leave a comment

Our 2015-2016 Annual Report provides you with an account of the work we did in serving the public interest by establishing and contributing to the development of standards for financial reporting by all Canadian private sector entities. As reported by The Standard. This year’s report includes: our Chair’s message: Linda Mezon highlights our dedication to expanding our stakeholder reach; and

Speech by the IASB Chair – Better Communication of Financial Statements

July 21, 2016 Paul Calleri rel="nofollow"Leave a comment

Read the IASB Chair Hans Hoogervorst’s speech delivered at the IFRS Foundation Conference in Zurich. He focuses on the IASB’s plans to prioritize improvements to the communications effectiveness of financial statements based on IFRSs — a main outcome of the recent Agenda Consultation and his priority in his second term as Chair. As reported by The Standard. Better Communication 30

A Window of Opportunity

July 20, 2016 Paul Calleri rel="nofollow"Leave a comment

Clients hoping to use their permanent life insurance policies as vehicles for accumulating tax-sheltered savings soon will face tighter restrictions on how much tax-free cash they can hold in these policies. Until these rules take effect on January 1, 2017, everyone has the opportunity to take advantage of the existing rules which will be grandfathered at the beginning of next

Cash Flow: is the Lifeblood of any Business. Are you successfully managing your Cash Flow?

July 19, 2016 Paul Calleri rel="nofollow"Leave a comment

Successful cash flow management can lead to your company’s continued success while unsuccessfully managing cash can lead to it’s demise. Yesterday’s article talked about: “Cash Flow: Handle it now; before it becomes out of control”. http://thegaap.net/cash-flow-handle-now-becomes-control/ How are you handling yours? Have you built a cash flow statement? And if you have do you meet with the Sales and General,

Auditing and Assurance Standards Board Decision Summary

July 15, 2016 Paul Calleri rel="nofollow"Leave a comment

This summary of decisions of the Auditing and Assurance Standards Board (AASB) has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on projects and other matters, which might change after further deliberations by the AASB. Decisions to publish exposure draft and Handbook material are final only after a formal voting

International Financial Reporting Standards (IFRS)

July 13, 2016 Paul Calleri rel="nofollow"Leave a comment

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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