The following is an extract from the Canadian Accounting Standards Board (AcSB) dated September 30, 2009. This has relevance to IFRS, so I thought it would be helpful to include this information on the GFS Consulting web-site. Read more »
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IRFS,
Private Enterprises
The conversion from Canadian GAAP to IFRS needs to be managed as a project. Read more »
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IFRS,
Project Management,
Tone at the Top
As Canadian companies transition to IFRS, it will be important to examine the accounting and information systems from a data collection standpoint. Read more »
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Accounting Systems,
Data Collection,
IFRS
One of the most important internal controls within any organization involves proper and timely completion of Balance Sheet account reconciliations. Read more »
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Account Reconciliations,
balance sheet
“Blue Ocean Strategy” is fairly recent and excellent body of research and knowledge about strategic planning, contained within a book by the same name authored by W. Chan Kim and Renee Mauborgne, professors of strategy and management of INSEAD. Read more »
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Blue Ocean,
Strategic planning
The Canadian Securities Administrators, in their proposed M 52-109 amendments, will require that companies adopt a structured internal control framework such as COSO. Read more »
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COSO,
Internal Control Integrated Framework