information

IFRS: So many choices…. How do you decide?

The following is taken from Mike Morley’s latest book “IFRS Simplified” IFRS: So many choices…. How is the accountant supposed to decide? International Financial Reporting Standards employ four key principles as guidelines to making decisions regarding which accounting treatment to apply in a particular situation.   Should the asset be classified as available-for-sale or as …

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Accounting & Finance – Talking Brass Tacks and Bottom Lines

TORONTO, July 9, 2015 /TheGAAP.net/ – For individuals on the outside it can often feel like those in the financial world use a language all their own, with enough acronyms, formulas and jargon to make their head spin. So it’s no surprise that financial professionals have trouble trying to get across complex financial information to coworkers. …

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CPD

Fellow CPA Ontario members: 2015-2016 Annual Membership Dues Deadline

Fellow CPA Ontario members: 2015-2016 Annual Membership Dues Deadline This is a reminder that each year, CPA’s are required to pay Annual Membership Dues (AMD) and submit their Continuing Professional Development (CPD) declaration. This is also the time of the year to review and update your contact information. Bylaw 4.10 states: “all CPAs are required to provide CPA Ontario with current …

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Fraudulent communications pretending to be the CRA

Frauds pretending to be the Canadian Revenue Agency (CRA)

Important notice: Beware of fraudulent communications The Canada Revenue Agency has a security announcement stating that they are aware of scams involving email e-transfers of funds. CRA goes on to say payments are only made via: direct deposit or by cheque, they don’t use INTERAC e-transfers. While taxpayers may receive telephones, mail, text messages or …

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