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Category Archives: Accounting

Final IFRIC Interpretation – Uncertainty over Income Tax Treatments

June 13, 2017 Paul Calleri rel="nofollow"Leave a comment

The International Accounting Standards Board (the Board) has today issued IFRIC 23 Uncertainty over Income Tax Treatments to specify how to reflect uncertainty in accounting for income taxes. As reported by The Standard. IFRIC Interpretations (Interpretations) form part of the authoritative IFRS requirements. They are developed by the IFRS Interpretations Committee to provide requirements on specific application issues and are

AcSOC Meeting Agenda – June 8-9, 2017

June 7, 2017 Paul Calleri rel="nofollow"Leave a comment

Meetings of the AcSOC are open to public observation, subject to the discretion of the Chair. As reported by The Standard. Information about the upcoming AcSOC meeting and guidelines for observers are as follows. Dates: June 8, 2017 – 9:45 am to 5:00 pm June 9, 2017 – 11:15 am to 11:45 am Venue: Hyatt Regency Vancouver Balmoral Room 655

Final Standard – Insurance Contracts

June 5, 2017 Paul Calleri rel="nofollow"Leave a comment

The International Accounting Standards Board (the Board) has today issued IFRS 17 Insurance Contracts. This first truly international IFRS Standard for insurance contracts will help investors and others better understand insurers’ risk exposure, profitability and financial position. As reported by The Standard. IFRS 17 replaces IFRS 4, which was brought in as an interim Standard in 2004. IFRS 4 has

Reminder: AMD and CPD declarations due June 1

May 17, 2017 Paul Calleri rel="nofollow"Leave a comment

“…the deadline for AMD payments and CPD declarations is June 1, 2017. Log in to cpaontario.ca/AMD to complete both today. Payments and/or declarations received between June 2 and 30, 2017, are subject to late fees. Members with outstanding payments and/or declarations after June 30, 2017, are subject to membership suspension.”” as reported by CPA Ontario. Annually, members are required to

AcSB Decision Summary – April 20, 2017

May 16, 2017 Paul Calleri rel="nofollow"Leave a comment

An executive summary of discussions and decisions with respect to the topics addressed at this meeting. As reported by The Standard. This summary of Accounting Standards Board (AcSB) decisions has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussion on projects, which may change after further deliberations by the AcSB. Decisions

IASB Discussion Paper – Disclosure Initiative—Principles of Disclosure

May 2, 2017 Paul Calleri rel="nofollow"Leave a comment

The IASB has issued a Discussion Paper that suggests principles to make disclosures in financial statements more effective. Canadian stakeholders are encouraged to provide feedback directly to the IASB by October 2, 2017. As reported by The Standard. Comments to be received by 2 October 2017 Take action Visit TheGAAP.net daily to be kept up to date on accounting information,

Improvements to IFRS 8 Operating Segments

May 1, 2017 Paul Calleri rel="nofollow"Leave a comment

The International Accounting Standards Board (the Board) has today published proposed improvements to the IFRS Standard covering operating segments, IFRS 8, for public consultation. As reported by The Standard. IFRS 8 Operating Segments was issued in 2006. It sets out the disclosure requirements for information about a company’s operating segments, products and services, as well as about the geographical areas in

AcSB Exposure Draft – Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9)

April 27, 2017 Paul Calleri rel="nofollow"Leave a comment

The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. As reported by The Standard. Stakeholders are encouraged to submit their comments by May 24, 2017. Respondents are asked to email their comment letters (in a Word file) to: ed.accounting@cpacanada.ca. Please address your comments to: Rebecca Villmann, CPA, CA, CPA (Illinois) Director, Accounting

Quit is not a four letter word

April 26, 2017 Paul Calleri rel="nofollow"Leave a comment

Are you are a C-Level Executive, Management or a team member with a valuable skill set who has contemplated quitting your present job?. Do not be alarmed you are not alone. Many employees like yourself often ask themselves the same question. Should I quit, find another job that is less stressful with more job satisfaction and flexibility. However, the research

Brainstorming your problems – Sponsored by Jeffrey Gregory of Desjardins Financial – Registration Ends Today!!

April 24, 2017 thegaapnet rel="nofollow"Leave a comment

TheGAAP.net & TFN Present: Brainstorm Your Problems How to energize employees and co-workers, and look brilliant doing it! Get the best ideas by systematically brainstorming any problem (including job searches) Sponsored by: Jeff Gregory of Desjardins Financial Security Investments Inc. Free Raffle Prize: Garmin Dash Cam 35 Your employees are your boots on the ground. They are often the single

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