First Time adoption of IFRS
IFRS allows either following direct or step-by-method of consolidation
Under the direct method is the method of consolidation the financial statements of...
Determing the functional currency of an entity
The functional currency is the currency of the primary economic environment in which...
More Featured Category PostsIFRS in Canada
20 Questions Directors and Audit Committees should ask about IFRS Conversions
This publication issued by the Canadian Institute of Chartered Accountants (CICA)...
Fair Value accounting standards are here to stay – Results of the SEC study
Congressionally-Mandated Study Says Improve, Do Not Suspend, Fair Value Accounting...
What is International Accounting Standards Board (IASB)?
Brief explanation as to what is International Accounting Standards Board (IASB),...
CSA Announcement re IFRSs in Canada
July 10, 2008. The Canadian Securities Administrators issued CSA Staff Notice 52-321...
IFRS implementation in Canada
In February 2008, the Canadian AcSB announced that the transition to IFRS will affect...
More Featured Category PostsIFRS in U.S.
Fair Value accounting standards are here to stay – Results of the SEC study
Congressionally-Mandated Study Says Improve, Do Not Suspend, Fair Value Accounting...
Adoption of IFRS in the U.S. – are we ready in the U.S.?
The AICPA is full steam ahead moving with the IFRS in the U.S. in 2014, without providing...
What is International Accounting Standards Board (IASB)?
Brief explanation as to what is International Accounting Standards Board (IASB),...
SEC considering optional Early Adoption of IFRS in the U.S.:
On August 27, 2008, SEC proposed the potential mandatory adoption of IFRS in the...
Will IFRS eventually overtake U.S. GAAP accounting standards?
CFO.com in its article “No New Accounting Rules for Three Years?” reported...
More Featured Category PostsProblems with IFRS
Adoption of IFRS in the U.S. – are we ready in the U.S.?
The AICPA is full steam ahead moving with the IFRS in the U.S. in 2014, without providing...
Practical Implementation Issues of IFRS adoption in Thailand
In the speech made by Mr. Thirachai Phuvanatnaranubala, Secretary-General, Securities...
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