Category Archives: Accounting

Private Enterprise Advisory Committee: Meeting Notes for June 14, 2016

The Committee discussed various issues raised by stakeholders to consider which, if any, should be suggested to the AcSB for inclusion in the 2017 Annual Improvements.  As reported by the Standard. The Committee agreed to suggest the following to the AcSB: Item to Be Considered as Part of the 2017 Annual Improvements Foreign Currency Translation – Reversal of Previously Recorded

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Accounting Standards Oversight Council — Report on Public Meeting – June 9-10, 2016

Accounting Standards Oversight Council discusses the activities of the AcSB and PSAB, and related matters. As reported by The Standard. At its meeting in Ottawa on June 9-10, 2016, the Accounting Standards Oversight Council (AcSOC) received presentations on, and discussed, the following: Accounting Standards Board Activities The AcSB’s Academic Advisory Council Update on International Accounting Matters Public Sector Accounting Board

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IFRS Discussion Group – Report on May 31, 2016 Meeting

IFRS update

Read the report for details about the Group’s discussions. As reported by The Standard. IFRS Discussion Group Archived Audio Webcast May 31, 2016 The IFRS Discussion Group is a discussion forum only. The Group’s purpose is to assist the Accounting Standards Board (AcSB) regarding the identification of issues arising on the application of International Financial Reporting Standards (IFRSs) in Canada.

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What CPA accounting topic would you like TheGAAP.net to present in one of our upcoming workshops?

M&A Update

If we haven’t had that CPA accounting topic before, and we choose your idea; we will award you two tickets to attend and an exclusive meet and greet with the founder of TheGAAP.net (Paul J. Calleri) shortly following the workshop. TheGAAP.net has just presented: Time Management Solutions for Increased Productivity in February and is back by popular demand on April

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AcSB 2015-2016 Annual Report

Virtual Roundtable Discussions

Our 2015-2016 Annual Report provides you with an account of the work we did in serving the public interest by establishing and contributing to the development of standards for financial reporting by all Canadian private sector entities. As reported by The Standard. This year’s report includes: our Chair’s message: Linda Mezon highlights our dedication to expanding our stakeholder reach; and

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Speech by the IASB Chair – Better Communication of Financial Statements

Read the IASB Chair Hans Hoogervorst’s speech delivered at the IFRS Foundation Conference in Zurich. He focuses on the IASB’s plans to prioritize improvements to the communications effectiveness of financial statements based on IFRSs — a main outcome of the recent Agenda Consultation and his priority in his second term as Chair. As reported by The Standard. Better Communication 30

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

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,

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Auditing and Assurance Standards Board Decision Summary

Virtual Roundtable Discussions

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

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International Financial Reporting Standards (IFRS)

IFRS® Discussion Group Meeting

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,

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