This month we’re looking what the IASB (International Accounting Standards Board) has been doing about improving the application of IAS 36 Impairment of Assets and specifically dealing with Goodwill and Impairment. The Board is looking at making the application of IAS 36 easier by using the unrecognized excess of the recoverable amount over the carrying amount of a cash‑generating unit
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There is an ancient Chinese curse that goes something like this, “May you live in interesting times!†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
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At its recent meeting, the Board addressed a number of topics including Auditing Accounting Estimates, Auditor Reporting, Agreed-upon Procedures and Compilation Engagements. Read now! 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, employment opportunities, resource recommendations and accounting services by some of the best known
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What are your biggest fears as a CPA working for your company? Working as an accounting professional can be very stressful when there are so many factors at play. As a CPA it is your job to be aware of many things that can affect your company both managerially and financially. What are your biggest fears as a CPA? Does
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This article, which is the third of a three-part series, will continue demonstrating that effective performance management is the language of business improvement. Activating dynamic performance management (DPM) equips organizations to learn from mistakes and build on successes. This article will discuss the final three of 10 key reasons that adopting DPM provides a high return on investment.
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We recently shared three important reasons that dynamic performance management, or DPM, should be considered for your organization. They were: the actualization of real customer value, the ability to convert data overload into information power, and the creation of a culture and business climate comprised of action and empowerment. In this second instalment, we share reasons 4-7 with you.
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This three-part article series will provide 10 key reasons that you will want to consider some version of DPM in 2017. Effective performance management: the term has perhaps lost its cache, but the concept is still critical to business survival! Performance management (PM) will always be relevant because business success will always require good to great performance. Dynamic performance management
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Attend this luncheon event in Montreal on October 4, 2017 and hear from AcSB Chair, Linda Mezon, and AcSOC Vice-Chair, Miville Tremblay. Register by September 29, 2017! Please note: You may quality for professional development hours/credits. As reported by The Financial Standard. Sign up now! Visit TheGAAP.net daily to be kept up to date on accounting information, trends and changes.
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Rocky J. Dwyer, PhD, FCPA, CPA, FCMA, CMA Independence is considered by many to be of paramount importance to the effectiveness of the audit function and increasingly, the public, media critics and regulatory agencies have questioned if auditors are sufficiently independent of their clients in fact and appearance. While the private and public sectors acknowledge the importance of auditor
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Whether you’ve started or your months away, now is the time to get started. Do you have a job description? If you don’t you could start by doing a search online for any relevant job descriptions. Try getting two or three and consolidate all the different duties. Then review to make sure that all the important duties are there. This
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