Join financial statement user representatives from the AcSB and the IASB for a discussion on the IASB’s Third Agenda Consultation and Targeted Standards Level Review of Disclosures on July 7, 2021. Learn about key proposals and provide valuable user feedback. Register now and help shape standards at both the national and international level! Register now
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The IASB issued an amendment to extend the scope of the optional exemption for COVID-19-related rent concessions by one year to June 30, 2022. The AcSB will incorporate the amendment, as well as the amendments to the Basis for Conclusions, into the CPA Canada Handbook upon completion of its due process activities. As reported by The Standard. Find out more
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Virtual Roundtable Discussions Join the AcSB for a virtual roundtable discussion on the IFRS® Standards Discussion Paper, Business Combinations—Disclosures, Goodwill and Impairment. Events are being held in both English and French between July and September. Register for one today! As reported by The Standard. Register now Visit TheGAAP.net daily to be kept up to date on accounting information, trends and
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Analyzing IFRS Financial Statements…What are the differences Webinar – Sponsored by CTAP Inc. “Your Virtual SR&ED Team” Join us on Oct 25th. 1:00 to 2:00 p.m. 1 CPD hour $149.00 plus H.S.T. Course Description The adoption of IFRS has resulted in some significant changes when it comes to analyzing financial statements. For example, how do you compare the GAAP statements
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Experts Talk! New Insurance Standard – July 18, 2019 Featuring Darrel Scott, IASB Board Member, and other experts from the financial reporting community as reported by The Standard. Registration is now open! Linda Mezon, AcSB Chair will be moderating an IFRS 17 panel discussion, featuring Darrel Scott, IASB Board Member and Advisor on the IASB’s Insurance project, and other experts
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The Group’s agenda covers a range of topics, which includes leases, revenue, financial instruments, as well as the timing of applying agenda decisions, uncertain tax positions and more. Register today to attend as an in-person or virtual observer! As reported by The Standard. Find out more Visit TheGAAP.net daily to be kept up to date on accounting information, trends and
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On January 15, 2019, the AcSB responded to the International Accounting Standards Board’s (IASB) Discussion Paper, “Financial Instruments with Characteristics of Equity”, which seeks to address the current application challenges with IAS 32 Financial Instruments: Presentation. Read our letter to understand the matters we raised to the IASB for further consideration. Read now Visit TheGAAP.net daily to be kept up
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From IFRS.org: “IFRS 17 is effective for annual reporting periods beginning on or after 1 January 2021 with earlier application permitted if IFRS 9 and IFRS 15 are also applied. Insurance contracts combine features of both a financial instrument and a service contract. In addition, many insurance contracts generate cash flows with substantial variability over a long period. To provide
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By issuing International Financial Reporting Standard #13 (IFRS 13), the International Accounting Standards Board (IASB) defines fair value, sets out a framework for measuring fair value, and requires disclosures about fair value measurements. The IASB says IFRS 13 applies when another Standard “requires or permits fair value measurements or disclosures about fair value measurements (and measurements based on fair value,
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IFRS 9, now effective for annual periods beginning on or after 1 January 2018, requires that you be aware of its effect to implement it. You will have an overview of the changes brought in by the new standard. Although IFRS 9 is very detailed oriented, you will know what areas have been affected, how to look for the changes
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