GFS Consulting

GFS Consulting – April 2010 e-Newsletter

gary — Thu, 29 Apr 2010 13:09:11 +0000

Newsletter Content
• Latest News
• Bill 198 and IFRS
• IFRS – IAS 37 – Provisions, Contingent Liabilities and Contingent Assets
• Ontario HST

(more…)

Share This

IFRS vs Canadian GAAP – IAS 37 – Provisions, Contingent Liabilities and Contingent Assets

gary — Mon, 26 Apr 2010 18:05:13 +0000

The International Accounting Standards Board (IASB) is in the process of reviewing IAS 37 in order to improve the guidance on identifying liabilities, reduce differences between IAS 37 and US GAAP, make the recognition requirements for liabilities in the scope of IAS 37 consistent with those for other liabilities, and clarify the requirements for measuring liabilities. The IASB plans to complete the standard during 2010, so it will be important to monitor the changes. (more…)

Share This

Ontario HST - How to Prepare for Implementation

gary — Mon, 12 Apr 2010 17:11:45 +0000

Effective July 1, 2010, Ontario’s Retail Sales Tax (RST) be replaced with the Ontario Harmonized Sales Tax (HST). The HST will have a combined tax rate of 13 per cent — combining the existing five per cent federal Goods and Services Tax (GST) and an eight per cent Ontario component. The HST will be administered by the Canada Revenue Agency. (more…)

Share This

GFS Consulting - January 2010 Newsletter

gary — Fri, 08 Jan 2010 15:38:45 +0000

Newsletter Content
• IFRS – Latest News
• Top IFRS Issues in Canada
• IFRS – IAS 36 – Impairment of Assets
• Ontario HST (more…)

Share This

Top IFRS Issues in Canada for 2010

gary — Mon, 04 Jan 2010 18:32:58 +0000

The transition from Canadian generally accepted accounting principles (GAAP) to International Financial Reporting Standards (IFRS) will be different for every company. (more…)

Share This

Ontario HST update December 21, 2009

gary — Mon, 21 Dec 2009 21:23:40 +0000

Sales tax harmonization in Ontario next July 1, 2010 appears closer to reality with Ontario’s Bill 218 receiving third reading on December 9, 2009 and the federal government’s Bill C-62 receiving second reading in the Senate on December 11, 2009. (more…)

Share This

IFRS and Canadian GAAP - IAS 40 – Investment Property

gary — Wed, 16 Dec 2009 18:42:30 +0000

On December 2, 2009, I was a speaker at an IFRS conference in Toronto, Canada, organized by Acumen Information Services. (more…)

Share This

IFRS and Canadian GAAP – IAS 36 - Impairment of Long-Lived Assets

gary — Wed, 16 Dec 2009 18:20:06 +0000

On December 2, 2009, I was a speaker at an IFRS conference in Toronto, Canada, organized by Acumen Information Services. (more…)

Share This

IFRS and Canadian GAAP – IAS 16 - Revaluation Model

gary — Wed, 16 Dec 2009 16:16:51 +0000

On December 2, 2009, I was a speaker at an IFRS conference in Toronto, Canada, organized by Acumen Information Services. (more…)

Share This

IFRS Conversion Project Management “Road Map”

gary — Fri, 06 Nov 2009 16:53:12 +0000

The purpose of this blog is to provide readers with a basic IFRS Conversion Project Management “Road Map”. (more…)

Share This