The IAS 7 amendments become mandatory for annual periods beginning on or after 1 January 2017. The International Accounting Standards Board (the Board), responsible for IFRS Standards, has issued on 29 January 2016 amendments to IAS 7 Statement of Cash Flows. The improvements to disclosures announced today require companies to provide information about changes in their financing liabilities
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What Makes a Successful Financial Consultant? With more regulations affecting businesses and new technology emerging, firms are hungry for specialized professionals to handle complex finance and accounting projects. However, many organizations may not need this expertise on a full-time basis. This is where financial consultants come in. Financial consulting can be a rewarding career path for senior-level accounting and financial
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Interested in Becoming a Member of the User Advisory Council? The AcSB is looking for new members for its User Advisory Council.(as reported in The Standard) The Council, established by the Accounting Standards Board (AcSB), acts in an advisory role to assist the Board in understanding how users use financial information. Users include: investors and investment professionals; equity and credit
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Time Management Solutions for Increased Productivity Workshop = Increased Productivity = Improved Service + Increased Profitability Law Society of Upper Canada CPD Credit: 3 hours Canadian CPA Credit: 4 hours Register Time Management Solutions for Increased Productivity Workshop This program provides strategies and tools to help you become more focused, organized and productive. Research shows individuals waste anywhere from 20 minutes to
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The Accounting Standards Board (AcSB) heard you! Are you aware that the AcSB revised the timing of the annual improvements process for accounting standards for private enterprises? Here’s an overview of the new process; as reported by the Standard. Timing of the Annual Improvements Process In response to stakeholder feedback, in November 2015 the AcSB agreed to revise the timing
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Interim Management Consultants can help employers shoulder a long hiring process augmenting your staff with an interim management consultant is a staffing management solution that can help ensure your business is covered while you search for skilled candidates to fill full-time, senior-level positions. The U.S. economy has added more than 2.3 million jobs since the beginning of 2015, according to figures from the U.S. Bureau of
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Related Party Transactions update: Exposure Draft has been issued – Withdrawal of Disclosure of Related Party Transactions by Not-for-Profit Organizations, Section PS 4260 PSAB (Public Sector Accounting Board) has issued an Exposure Draft that proposes to withdraw Section PS 4260 and add a transitional provision to Section PS 2200, Related Party Disclosures. Stakeholders are encouraged to submit their comments, on
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The Bad Work Habits You Don’t Know You Have! Good afternoon , Do you often feel overwhelmed by the amount of work you have to do? Do you procrastinate? Are you sometimes distracted? Do you feel you’re being constantly interrupted? Are you stressed out and have negative feelings about your job? If you can answer yes to a single
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The IASB amendments to IAS 12 Income Taxes regarding deferred tax assets: The IASB has issued narrow-scope amendments to IAS 12 Income Taxes to clarify how to account for deferred tax assets related to debt instruments measured at fair value. The amendments are effective for annual periods beginning on or after January 1, 2017 with earlier application permitted, as reported
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What do you need to know: Do you often feel overwhelmed by the amount of work you have to do? Do you procrastinate? Are you sometimes distracted? Do you feel you’re being constantly interrupted? Are you stressed out and have negative feelings about your job? If you can answer yes to a single one of those questions, it’s likely that
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