Change Management will be an extremely important consideration as Canada transitions its accounting policies (Canadian GAAP) to International Financial Reporting Standards (IFRS) effective January 1, 2011 for all publicly accountable entities. Read more »

There is a difference in accounting treatment between International Financial Reporting Standards (IFRS) and Canadian GAAP with respect to “Investment Property. Read more »

There may be a misperception that International Financial Reporting Standards (IFRS) is just about Fair Value (FV). Read more »

Componentization of a major overhaul and inspection and related depreciation, is another area where there can be significant differences between Canadian GAAP and IFRS. Read more »

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

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 »