IFRS Archives - TheGAAP.net

Category Archives: IFRS

Virtual Roundtable Discussions – Share your views on the IFRS® Standards Discussion Paper, Business Combinations—Disclosures, Goodwill and Impairment

July 13, 2020 Paul Calleri Leave a comment

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 changes. For years,

TheGAAP.net presents – Analyzing IFRS Financial Statements…What are the differences Webinar – Sponsored by CTAP Inc. Your Virtual SR&ED Team

October 16, 2019 Paul Calleri Leave a comment

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

Experts Talk! New Insurance Standard – July 18, 2019

July 3, 2019 Paul Calleri Leave a comment

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

IFRS® Discussion Group Meeting Agenda – June 20, 2019

June 10, 2019 Paul Calleri Leave a comment

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

AcSB Response – Financial Instruments with Characteristics of Equity

March 11, 2019 Paul Calleri Leave a comment

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

Before 2021, IFRS 17 means also applying IFRS 9 and 15

October 11, 2018 Mike Morley Leave a comment

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

IFRS 13 (FASB Topic 820) Fair Value Measurement and Required Disclosures – Such A Concept!

May 27, 2018 Mike Morley Leave a comment

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,

IFRS 9 A New Regulatory Change in 2018 – Are You Ready?

April 17, 2018 Paul Calleri Leave a comment

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

Moving from GAAP to IFRS So many changes and so much to learn – A curse or an opportunity?

November 26, 2017 Paul Calleri Leave a comment

There is an ancient Chinese curse that goes something like this, â€œMay you live in interesting times!â€ Well, these are definitely interesting times for accountants. Depending on your point of view, the numerous changes in the Canadian accounting landscape are either a curse or an opportunity. In Canada, Publicly Accountable Enterprises are changing from GAAP to IFRS and Private Enterprises

Exposure Draft and comment letters—Property, Plant and Equipment—Proceeds before Intended Use (Proposed amendments to IAS 16)

August 8, 2017 Paul Calleri Leave a comment

The International Accounting Standards Board has proposed narrow scope amendments to IAS 16 Property, Plant and Equipment to reduce the diversity in application of the Standard. As reported by The Standard. IAS 16 establishes principles for recognising and measuring items of property, plant and equipment as assets. The proposed amendments would prohibit deducting sales proceeds from the cost of an

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