As Canadian companies transition to IFRS, it will be important to examine the accounting and information systems from a data collection standpoint. Read more »
Tags: Accounting Systems, Data Collection, IFRS
Archive for September, 2009The IFRS requirement for the componentization of Property, Plant and Equipment (PP&E) or “Fixed Assets” might require a change to a company’s data collection processes and systems. Read more » Tags: Data Collection, IFRS, PP&EAs 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 » Tags: Data Collection, IFRS, Impairment TestWhen looking at the kind of data that has to be collected for transitioning Canadian GAAP to IFRS standards, it is important to remember that there are additional options to use fair value information under IFRS. Read more » Tags: Fair Value, IFRS Data CollectionThe data required for Business Combinations will have a significant impact on a company’s overall data collection as it transitions from Canadian GAAP to IFRS. Read more » Tags: Business Combinations, IFRS Data Collection, IFRS-3 |
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