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
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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,
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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
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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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Join us on July 14, 2016 in Truro, NS to help shape the future accounting for private enterprises involved in agricultural activities. As reported by The Standard. Understand the AcSB’s thinking and share your views about how to account for: biological assets (unharvested crops, animals held for sale, bearer plants, and bearer animals); and agricultural produce (harvested product of biological
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The International Accounting Standards Board (the Board) today issued amendments to IFRS 2 Share-based Payment, clarifying how to account for certain types of share-based payment transactions. The amendments, which were developed through the IFRS Interpretations Committee, provide requirements on the accounting for: the effects of vesting and non-vesting conditions on the measurement of cash-settled share-based payments; share-based payment transactions with
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Awards of Excellence in Corporate Reporting The Awards of Excellence in Corporate Reporting, presented annually by Chartered Professional Accountants of Canada (CPA Canada), are the most prestigious and coveted national awards of their kind in the country. The program has recognized the best reporting practices for more than 60 years and honours Canadian listed companies and Crown organizations. Unlike other
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Community: Developing High-quality Standards Together Our Annual Report for the year ended March 31, 2016 provides the public with an account of our work done in serving the public interest by establishing accounting standards for the public sector. This year’s report includes the following highlights: PSAB Chair Rod Monette’s message, which highlights the extensive work done to grow our stakeholder
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Canada’s Public Sector Accounting Board (PSAB) is seeking a new Chair. As reported by The Standard. PSAB establishes the accounting standards and other guidance for Canada’s public sector, published in the CPA Canada Public Sector Accounting Handbook.As the Chair, you will lead the strategic direction of PSAB. A visible and experienced member of the public sector accounting community, you will
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The topics the Accounting Standards Board (AcSB) plans to discuss, in addition to routine updates, and anticipated actions, if any, are outlined below. Although current at the date prepared (June 2, 2016), this agenda is subject to change. As reported by The Standard. International Financial Reporting Standards International Activities Share results of recent discussions with other national standard setters, including
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