Financial Reporting Release, January 2011

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Recent issues in financial reporting

It will come as no surprise that this issue of Financial Reporting Release is all about International Financial Reporting. Standards. How could it not? With Canadian publicly accountable enterprises on the cusp of adopting IFRS and existing Canadian GAAP frozen in anticipation of the changeover, 2010 year end statements are ho-hum. What’s really causing all the excitement in town these days is first-time 2011 IFRS reporting. Specific topics in this issue include:

  • Transitioning to IFRS
  • Rate-regulated accounting
  • Investment companies
  • Recent IFRS developments affecting transition
  • IFRS transition and debt covenants
  • Global GAAP convergence
  • Financial instruments
  • Hedge accounting
  • Life after convergence

Download the attached PDF to learn more.