The Statement of Cash Flows is one of three financial statements required under both Canadian GAAP and IFRS, and essentially provides users with information regarding how the company obtained and used cash during the period. Read more »

Hot Topics

In other sections of this web-site there is discussion and information about C-SOX, Risk Management and Strategic Planning – all of which have been highlighted as top priorities for senior financial managers these days. There are two areas that we would like to point out – one is an emerging accounting development that will significantly change Canadian GAAP in the upcoming years (International Financial Reporting Standards), and another is a time saving, value adding process that will provide significant benefits to any organization (Performance Metrics). Read more »