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

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Componentization and related depreciation is an area where there can be significant differences between Canadian GAAP and IFRS. Read more »

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IRFS 1
First-time Adoption of International Financial Reporting Standards, was developed by the IASB to provide some relief to enterprises preparing their first annual financial statements in complete compliance with IFRSs. Read more »

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