Yearly Archives: 2008
Will IFRS eventually overtake U.S. GAAP accounting standards?
CFO.com in its article “No New Accounting Rules for Three Years?” reported that IFRS adoption in the U.S. was a recurring theme at a recent public forum held by the… Read more
IFRS and U.S. Companies: A Look Ahead
John W. White, Director, Division of Corporation Finance at U.S. Securities and Exchange Commission addressed the following questions: Should U.S. companies be permitted to prepare their financial statements using IFRS… Read more
Deloitte's – IFRS Model Financial Statements
These are model financial statements for the year ended 31 December 2007 illustrate the application of the presentation and disclosure requirements of IFRSs by an entity that is not a… Read more
PWC – Sample corporate consolidated financial statements 2007
Sample corporate consolidated financial statements 2007 (PDF file, 6.1mb) provides a realistic set of financial statements for a corporate entity. Certain types of transaction (such as construction contracts and agriculture)… Read more
Deloitte's IFRS Presentation and Disclosure Checklist for 2007
Deloitte’s IFRS Presentation and Disclosure Checklist (Word version) (ZIP of a Microsoft Word file 423k). The checklist is formatted to allow the recording of a review of financial statements, with… Read more
IFRS implementation in Canada
In February 2008, the Canadian AcSB announced that the transition to IFRS will affect interim and annual financial statements for fiscal years beginning on or after January 1, 2011. As… Read more