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Category Archives: Accounting

Cash Flow: is the Lifeblood of any Business. Are you successfully managing your Cash Flow?

July 19, 2016 Paul Calleri rel="nofollow"Leave a comment

Successful cash flow management can lead to your company’s continued success while unsuccessfully managing cash can lead to it’s demise. Yesterday’s article talked about: “Cash Flow: Handle it now; before it becomes out of control”. http://thegaap.net/cash-flow-handle-now-becomes-control/ How are you handling yours? Have you built a cash flow statement? And if you have do you meet with the Sales and General,

Auditing and Assurance Standards Board Decision Summary

July 15, 2016 Paul Calleri rel="nofollow"Leave a comment

This summary of decisions of the Auditing and Assurance Standards Board (AASB) has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on projects and other matters, which might change after further deliberations by the AASB. Decisions to publish exposure draft and Handbook material are final only after a formal voting

International Financial Reporting Standards (IFRS)

July 13, 2016 Paul Calleri rel="nofollow"Leave a comment

IFRS Update as reported by The Standard. IFRS Foundation Exposure Draft – Trustees’ Review of Structure and Effectiveness: Proposed Amendments to the IFRS Foundation Constitution IFRS Foundation Feedback Statement – Trustees’ Review of Structure and Effectiveness 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,

What are the 10 KPI’s that every CFO Dashboard must have?

July 8, 2016 thegaap.net rel="nofollow"Leave a comment

Any Canadian business looking to stay competitive by making real-time data driven decisions needs to align itself with systems and tools that allow quick and effective decision-making. A business dashboard that has the right Key Performance Indicators (KPIs) can give you full access into the entire scope of a business at a glance. For the critical role of a Chief

Invitation to an Agriculture Roundtable Discussion – Truro, NS

July 7, 2016 Paul Calleri rel="nofollow"Leave a comment

Join us on July 14, 2016 in Truro, NS to help shape the future accounting for private enterprises involved in agricultural activities. As reported by The Standard. Understand the AcSB’s thinking and share your views about how to account for: biological assets (unharvested crops, animals held for sale, bearer plants, and bearer animals); and agricultural produce (harvested product of biological

International Accounting Standards Board issues narrow-scope amendments to IFRS 2 Share-based Payment

July 6, 2016 Paul Calleri rel="nofollow"Leave a comment

The International Accounting Standards Board (the Board) today issued amendments to IFRS 2 Share-based Payment, clarifying how to account for certain types of share-based payment transactions. The amendments, which were developed through the IFRS Interpretations Committee, provide requirements on the accounting for: the effects of vesting and non-vesting conditions on the measurement of cash-settled share-based payments; share-based payment transactions with

PSAB 2015-2016 Annual Report

June 29, 2016 Paul Calleri rel="nofollow"Leave a comment

Community: Developing High-quality Standards Together Our Annual Report for the year ended March 31, 2016 provides the public with an account of our work done in serving the public interest by establishing accounting standards for the public sector. This year’s report includes the following highlights: PSAB Chair Rod Monette’s message, which highlights the extensive work done to grow our stakeholder

Beyond the Numbers: CFOs Looking for More Strategy

June 28, 2016 Robert Half rel="nofollow"Leave a comment

Toronto, ON. – Businesses value accountants who are strategic thinkers, but the results of a Robert Half Management Resources survey suggest company-sponsored training in this area is not always available. Nearly nine in 10 (88 per cent) Canadian CFOs said strategic thinking abilities are important for accounting and finance professionals – 31 per cent of those interviewed feel they are mandatory.

Public Sector Accounting Board Seeks New Leader

June 22, 2016 Paul Calleri rel="nofollow"Leave a comment

Canada’s Public Sector Accounting Board (PSAB) is seeking a new Chair. As reported by The Standard. PSAB establishes the accounting standards and other guidance for Canada’s public sector, published in the CPA Canada Public Sector Accounting Handbook.As the Chair, you will lead the strategic direction of PSAB. A visible and experienced member of the public sector accounting community, you will

Accounting Standards Board Agenda for June 23, 2016 Meeting

June 21, 2016 Paul Calleri rel="nofollow"Leave a comment

The topics the Accounting Standards Board (AcSB) plans to discuss, in addition to routine updates, and anticipated actions, if any, are outlined below. Although current at the date prepared (June 2, 2016), this agenda is subject to change. As reported by The Standard. International Financial Reporting Standards International Activities Share results of recent discussions with other national standard setters, including

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