The purpose of Phase 3 of the 5 Phase IFRS Project model (Solution Development) is to select accounting, reporting and tax solutions in compliance with IFRS requirements… Read more »

The goal of Phase 2  of the 5 Phase IFRS Project model (Design and Planning) is to set up the structure and project management organization. Read more »

The goal of Phase 1 of the 5 Phase IFRS Project model is to identify changes, differences, and business consequences of the IFRS conversion… Read more »

In successfully planning any project, one very useful tool is a project management model. The 5 Phase model for conversion of Canadian GAAP to IFRS is discussed in this web-site. Read more »

The Canadian GAAP to IFRS project should begin with a “scoping exercise” such as a gap analysis or impact assessment. Read more »

The structuring of a company’s Canadian GAAP to IFRS conversion team will be based at least partially on an impact assessment. This helps to make sure all potential issues identified are addressed. Read more »