Identification and measurement of impairments under IAS 36 are significantly different than Canadian GAAP 3063 – Impairment of Long Lived Assets. Read more »
Tags: Asset Impairment, IFRS, PP&E
Archive for June, 2009Under International Financial Reporting Standards (IFRS), borrowing costs are an additional aspect of Property, Plant and Equipment (PP&E) that is worthy of mention and review. Read more » Tags: Borrowing Costs, Canadian GAAP, IFRS, PP&EThere is a difference between Canadian GAAP and IFRS as to when depreciation starts. Read more » Tags: Canadian GAAP, Depreciation, IFRS, PP&EThere is an explicit requirement under IFRS to review the residual value and useful life of an asset on an annual basis. Read more » Tags: Canadian GAAP, IFRS, PP&E, Residual Value, Useful LifeIFRS and Change ManagementFound in IFRSChange 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 » Tags: Change Management, IFRSThere is a difference in accounting treatment between International Financial Reporting Standards (IFRS) and Canadian GAAP with respect to “Investment Property. Read more » Tags: Canadian GAAP, Cost Model, Fair Value Model, IFRS, Investment Property, Revaluation Model |
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