Author Archives:
The Impact of IFRS on Technology – A Practical Introduction
Although converting to International Financial Reporting Standards (IFRS) is accounting-driven, organizations should realize very early on that it is a multi-faceted business change initiative that has potentially wide-reaching impacts across… Read more
KPMG: Segment Reporting – The Application of IFRS – Executive Summary
The Application of IFRS: Segment Reporting – Executive Summary is based on a review of the most recent consolidated financial statements of randomly selected companies within the Fortune 500 that… Read more
CICA publication – The IFRS Changeover – A Guide for Users of Financial Reports
In The IFRS Changeover – A Guide for Users of Financial Reports, the Canadian Performance Reporting Board (CPRB) focuses on raising awareness in the user community about the effect of… Read more
IFRS 9: Financial Instruments (the IAS 39 replacement)
One of the most complex accounting standards in the IFRS accounting literature that is complex and often difficult to apply is IAS 39. In spring of 2009, the G-20 leaders,… Read more
PWC: IFRS and U.S. GAAP: similarities and differences: September 2009
The PWC’s guide IFRS and U.S. GAAP: similarities and differences (Sep 2009) will help companies develop a broad understanding of the major differences between IFRS and U.S. GAAP today as… Read more
IASB and FASB Commitment to Memorandum of Understanding
Quarterly Progress Report – 31 March 2010 In November 2009, we, the International Accounting Standards Board (IASB) and the U.S. Financial Accounting Standards Board (FASB), released a joint statement in… Read more
Japan seeks bigger say in IFRS
IFRS as you might be aware are the new global set of financial reporting standards. So what do we really mean with the word “global” – Is it one set… Read more
PWC issues updated guide to new IFRSs for 2010
This PWC publication is a practical guide to the new IFRS standards and interpretations that come into effect in 2010. For three years there was little change to the body of… Read more
Guide for first time adopters of IFRS
In 2003, IFRS 1, First-time Adoption of International Financial Reporting Standards (IFRS 1) was issued by International Accounting Standards Board (IASB). IFRS 1 has since been updated to make it… Read more