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Essential Workstreams are those areas which represent principle working groups responsible for achieving objectives in each Phase of the 5 Phase IFRS conversion project. Read more »

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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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To achieve the expected outcomes of the conversion to IFRS, Canadian companies can draw on the experience of others – for example Europe and Australia, as the Canadian approach is developed. Read more »

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The IFRS Implementation is considered to be complete when an organization is able to report under IFRS with its own financial reporting system, and without external support. Read more »

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The overall objective of Phase 4 of the 5 Phase IFRS Project model (Implementation), is to sign off, implement, test and roll out solutions developed in the solution development phase. Read more »

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