IFRS and Canadian GAAP – Disclosures

Under IFRS – disclosures is an area of significant change that must be addressed early on in the conversion process planning. Read More

IFRS and Canadian GAAP – Related Party Transactions

There is a difference between Canadian GAAP and IFRS with regards to Related Party Transactions. Read More

IFRS vs Canadian GAAP – Goodwill

There are some differences between IFRS and Canadian GAAP that are worth noting, and therefore a few comments are being made about the accounting for any recognized Goodwill, which for Canadian GAAP is tested annually for impairment. Read More

IFRS vs Canadian GAAP – Provisions

IFRS has one standard for provisions – IAS 37 – Provisions, Contingent Liabilities and Contingent Assets. Read More

IFRS and Change Management

Change Management will be an extremely important consideration as Canada transitions its accounting policies (Canadian GAAP) to International Financial Reporting Standards (IFRS) effective January 1, 2011 for all publicly accountable entities. Read More

IFRS vs Canadian GAAP – Statement of Cash Flows

The Statement of Cash Flows is one of three financial statements required under both Canadian GAAP and IFRS, and essentially provides users with information regarding how the company obtained and used cash during the period. Read More

IFRS vs Canadian GAAP – Financial Presentation

Canadian GAAP and IFRS both have line items that need to be presented, but IFRS requires more disclosures, as detailed in IAS 1, paragraph 54. Read More

IFRS Terminology

There will continue to the same financial statements that we are all familiar with, but the terminology will change. Read More

IFRS – Global Financial Reporting Dialect

IFRS – Global Financial Reporting Dialect CGA Alberta requested my support in writing an International Financial Reporting Standards (IFRS) article by Magdalena Matracki. Read More

ICM – SOX Software Review

As I mentioned in the SOX Compliance Software article on this web-site, there are dozens of SOX software applications available to assist organizations manage and report on their SOX projects. In this article however, I want to drawn attention to, and highlight a software program designed for small and medium organizations. The software is called ICM, and the company behind the software is e2e Solution Inc. Read More