Edelkoort Smethurst Schein CPA’s LLP – October 2009 Newsletter

Newsletter Content • IFRS – Latest Buzz • IFRS – Private Companies • IFRS – Revaluation Model for PP&E • IFRS -  Fair Value issues • Bill 198 / SOX – 10 Steps to Efficiency Read More

IFRS Project Management – Essential Workstreams in the 5 Phase IFRS Conversion Model

Essential Workstreams are those areas which represent principle working groups responsible for achieving objectives in each Phase of the 5 Phase IFRS conversion project. Read More

IFRS Project Management – Phase 5 of the 5 Phase IFRS Conversion Model – Post Implementation

The IFRS Implementation is considered to be complete when an organization is able to report under IFRS with its own financial reporting system, and without external support. Read More

IFRS Project Management – Phase 4 of the 5 Phase IFRS Conversion Model – Implementation

The overall objective of Phase 4 of the 5 Phase IFRS Project model (Implementation), is to sign off, implement, test and roll out solutions developed in the solution development phase. Read More

IFRS Project Management – Phase 3 of the 5 Phase IFRS Conversion Model – Solution Development

The purpose of Phase 3 of the 5 Phase IFRS Project model (Solution Development) is to select accounting, reporting and tax solutions in compliance with IFRS requirements... Read More

IFRS Project Management – Phase 2 of the 5 Phase IFRS Conversion Model – Design and Planning

The goal of Phase 2  of the 5 Phase IFRS Project model (Design and Planning) is to set up the structure and project management organization. Read More

IFRS Project Management – Phase 1 of the 5 Phase IFRS Conversion Model

The goal of Phase 1 of the 5 Phase IFRS Project model is to identify changes, differences, and business consequences of the IFRS conversion... Read More

IFRS Project Management – 5 Phase Conversion Model

In successfully planning any project, one very useful tool is a project management model. The 5 Phase model for conversion of Canadian GAAP to IFRS is discussed in this web-site. Read More

IFRS Project Management – Commencing the Diagnostic Process

The Canadian GAAP to IFRS project should begin with a “scoping exercise” such as a gap analysis or impact assessment. Read More

IFRS Project Management – Developing an IFRS Conversion Team

The structuring of a company’s Canadian GAAP to IFRS conversion team will be based at least partially on an impact assessment. This helps to make sure all potential issues identified are addressed. Read More