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Category Archives: IFRS Updates

Webinar – It is important to keep up-to-date with IFRS

June 16, 2015 thegaap.net rel="nofollow"Leave a comment

It is important to keep up-to-date with International Financial Reporting Standards (IFRSs): This is for Canadian public companies, their advisors and the users of their financial statements and private enterprises that use IFRSs in preparing financial statements. REMINDER! Webinar – Developments in IFRSs: 2015 Mid-year Update The Standard states: “Tune in to this webinar on June 19, 2015 (French) or June 26, 2015 (English) to get

IFRS 3 – Accounting for Business Combinations

June 15, 2015 thegaap.net rel="nofollow"Leave a comment

June 19: IFRS 3 – Accounting for Business Combinations With merger and acquisition activity at an all-time high, accountants have to know how to apply IFRS 3 – Business Combinations. They are expected to know the rules for integrating the acquired company’s assets, liabilities and equity, and how to assign fair values to them, advise management on the choice of options offered

IFRS Accounting – Proposed changes to the Conceptual Framework

June 9, 2015 thegaap.net rel="nofollow"Leave a comment

Live web presentation on proposed changes to the Conceptual Framework. The IASB will give this live web presentation On 17 June 2015. Hans Hoogervorst the IASB Chairman and the IASB staff will introduce the Exposure Draft. This draft was published on May the 28th, 2015 which answers questions from the public. The IASB goes on to say: “The Conceptual Framework underpins International Financial Reporting Standards (IFRS) and

IFRS Webinar – First-Time Adoption Made Easy

May 29, 2015 thegaap.net rel="nofollow"Leave a comment

June 5: IFRS 1 – First-Time Adoption Made Easy – Webinar Publicly Accountable Enterprises (PAE’s) are always expected to publish their first comparative financial statements (including quarterly statements) based on International Financial Reporting Standards (IFRS). They will need to implement the new standards well in advance of that date using IFRS Standard # 1. IFRS Standard # 1 was specifically issued

Webinar on Standards – Developments in IFRS

May 26, 2015 thegaap.net rel="nofollow"Leave a comment

Accountants: This IFRS Webinar is important for some and imperative for others Webinar – Developments in IFRSs: 2015 Mid-year Update The Standard announced “Tune in to this webinar on June 19, 2015 (French) or June 26, 2015 (English) to get an up-to-date briefing on IFRSs.” It is important that International Financial Reporting Standards (IFRSs) be kept up to date by all those who

AcSB Annual Plan – 2015-2016

May 15, 2015 thegaap.net rel="nofollow"Leave a comment

The AcSB Annual Plan sets out the AcSB’s objectives and planned activities for: publicly accountable enterprise, private enterprises, and not-for-profit organizations along with other initiatives to be undertaken in 2015-2016. The key elements that will be considered in the Annual plan are summarized as follows: The maintenance of the separate strategies for “each major category of reporting entity.” The AcSB will continue to support the

IFRS and global standards: A Canadian perspective

April 29, 2015 thegaap.net rel="nofollow"Leave a comment

View the video recording of the IFRS Foundation Trustees and the Canadian Accounting Standards Oversight Council (AsSOC) joint event to discuss Canada’s perspective on IFRS and global standards. The video recording is as follows: Video Time Presenter 00:00 Opening: Linda Mezon, Chair of the Canadian Accounting Standards Board 08:45 Eulogy to Harvey Goldschmid: Michel Prada, Chairman of the IFRS Foundation

IFRS 3 – Accounting for Business Combinations

April 26, 2015 thegaap.net rel="nofollow"Leave a comment

With merger and acquisition activity at an all-time high, accountants have to know how to apply IFRS 3 – Business Combinations. They are expected to know the rules for integrating the acquired company’s assets, liabilities and equity, and how to assign fair values to them, advise management on the choice of options offered by this standard, include all of the

Volunteer Opportunity – IFRS Discussion Group

April 15, 2015 thegaap.net rel="nofollow"Leave a comment

We are asking one of our TheGAAP.net members who are IFRS experts to get involved in the IFRS Discussion Group. Participate in Canada’s contribution to international accounting standard setting. If you are interested in debating accounting standards issues arising from the application of International Financial Reporting Standards (IFRSs) in Canada, then this opportunity is for you. Requirements Group members are

IFRS 9: Finally . Much-needed Improvements to the Financial Instruments Standard

April 2, 2015 thegaap.net rel="nofollow"Leave a comment

Much needed Improvements to the Financial Instruments Standard: FYI Article – IFRS 9 The Financial Reporting & Assurance Standards Canada states that “The final version of IFRS 9 Financial Instruments was incorporated into Part I of the CPA Canada Handbook – Accounting in February 2015. The standard is effective for annual periods beginning on or after January 1, 2018 with

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