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

IFRS Project Management – Communications

Effective communications with all stakeholders will be essential for the successful conversion from Canadian GAAP to IFRS. Read More

IFRS Project Management – Tone at the Top

The conversion from Canadian GAAP to IFRS needs to be managed as a project. Read More

IFRS and Canadian GAAP – Data Collection Issues – Accounting Systems

As Canadian companies transition to IFRS, it will be important to examine the accounting and information systems from a data collection standpoint. Read More

IFRS and Canadian GAAP – Data Collection Issues – Impairment

As Canadian companies transition to IFRS, it will be necessary to analyze Impairments using data that is different from that which was previously required. Read More

IFRS and Canadian GAAP – Collecting Data – General Overview

As Canada transitions to IFRS, there may be significant implications for collecting data. Read More

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