Category Archives: Accounting

Last Chance to See Senior CFOs Offering Their Advice On Best Career Transition Strategies

                                              TheGAAP.net  & TFN                                                           Present:                   Tips While In Transition And How To Manage Transition In The Future                                            On Tuesday; January 31, 2017                                                     Sponsored by:                                                     Jeff Gregory of                        Desjardins Financial Security Investments Inc. “Being in Transition, or better yet, Avoiding Transition.” We have organized a panel of Senior CFO’s from our TFN network who will provide

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Final Amendments – Annual Improvements to IFRS Standards 2014 – 2016 Cycle

The IASB has issued final amendments to three IFRSs as part of its Annual Improvements project. The amendments have varying effective dates. As reported by The Standard. International Accounting Standards Board issues minor changes to IFRS Standards  08 December 2016 Page Content The International Accounting Standards Board (the Board) has today issued several amendments to IFRS Standards and an Interpretation that

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Final IFRIC Interpretation – Foreign Currency Transactions and Advance Consideration

IFRS® Discussion Group Meeting

The International Accounting Standards Board (the Board) has today issued several amendments to IFRS Standards and an Interpretation that clarifies the requirements in particular Standards. These changes are part of the Board’s process to maintain IFRS Standards. As reported by The Standard. The changes include: annual improvements to IFRS Standards—these are minor amendments that clarify, correct or remove redundant wording in

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AcSB Decision Summary – December 15, 2016

Virtual Roundtable Discussions

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

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What are your biggest fears as a CPA of your company for 2017?

CPA of your company

Is the economy keeping you up at night? Are you concerned about the risks to your company? Are you worrying about Cybercrime? As a CPA of our company we have many responsibilities however we always have to be on the lookout for any factors that can affect our financial or managerial reporting and the business we are involved in. Let your

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Professor Tom Scott to become member of the International Accounting Standards Board

The Trustees of the IFRS Foundation have appointed Canadian academic Tom Scott as a member of the International Accounting Standards Board (the Board). He will join the organisation in April for an initial five-year term. As reported by the IFRS Foundation. Mr Scott has been an academic in the field of accounting at various universities in Canada since the late

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Listen to the latest webinar on the forthcoming insurance contracts Standard

In November 2016, the International Accounting Standards Board discussed issues that arose during the external testing and drafting of the forthcoming insurance contracts Standard. This webinar provides an updated overview of the forthcoming Standard reflecting November’s decisions and covers the following: The need for change and the history of the project Level of aggregation Applying the Standard for the first

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Strategic Management Accounting

strategic management accounting

We have all heard about strategic management accounting, but what is it and how does it affect our company? In this article you can find a comprehensive and detailed description of strategic management accounting and what it stands for, as well as some great techniques that you can use to get the best results! What is strategic management accounting? Simply

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How to Facilitate Effective Communication Between Management and Employees

management

The first thing I would suggest is have an open door process where employees feel safe to voice their opinion.  There should be many avenues where employees can go to express their views. While most organizations have an open door process, not all have a process in place which facilitates open communication and the minimization of fear. Most open door

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Comparability: The Fourth Principle of International Financial Reporting Standards (Part 4 of 4)

The principle of comparability refers to the ability to compare financial statements from year-to-year, company-to-company, and industry-to-industry. IFRS requires that financial statements focus primarily on the needs of the users of the financial statements rather than the desires of those producing the statements. Comparability is one feature that definitely benefits the end user. Being able to easily compare financial statements

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