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 »

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 »

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

Canadian GAAP has specific rules that apply to revenue recognition. Read more »

IFRS – Global Financial Reporting Dialect

CGA Alberta requested my support in writing an International Financial Reporting Standards (IFRS) article by Magdalena Matracki. Read more »

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 »