Monthly Archives: December 2010

Changing functional currency under IFRS – some implications…

Posted on December 31, 2010 by admin

by John Hughes The IFRS conversion effort is forcing quite a few companies to reconsider their functional (measurement) currency, or that of their subsidiaries. IFRS defines the concept much more specifically than Canadian GAAP, as the currency of the “primary economic environment … Continue reading →

Posted in Foreign currency, IFRS | Leave a comment

A holiday gift: more IFRS adventures on Twitter

Posted on December 25, 2010 by admin

by John Hughes I wrote a while ago about my experiences monitoring Twitter for IFRS-related content. It hasn’t got any better since then. Today, as a holiday gift (and also of course as an important public service), I present to … Continue reading →

Posted in IFRS, Social media | Leave a comment

Going concern disclosures – battling negative consequences!

Posted on December 19, 2010 by admin

byJohn Hughes The OSC has issued Staff Notice 52-719, Going Concern Disclosure Review, commenting on a “need for improvement in both the timeliness and robustness of the going concern disclosures” and providing some examples for doing better.  I always enjoy engaging … Continue reading →

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What scares them in New Zealand? Non-GAAP measures!

Posted on December 13, 2010 by admin

by John Hughes A recent article in The New Zealand Herald provides an additional interesting perspective on the topic of “non-GAAP” or “adjusted” earnings measures. Here’s how it sets out the issue: The article reports: “Many New Zealand annual reports now … Continue reading →

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Future income taxes and non-monetary assets – in for a penny…

Posted on December 7, 2010 by admin

by John Hughes Pan American Silver Corp highlights one of the more commonly-cited differences between IFRS and Canadian GAAP in the area of income taxes: (On this occasion I’ll leave you in suspense about what that second item might be!) … Continue reading →

Posted in Foreign currency, IFRS, Income taxes | Leave a comment

Ten Tips On IFRS

Posted on December 1, 2010 by admin

by John Hughes The Ontario Securities Commission has issued a new IFRS document, Top 10 Tips for Public Companies Filing their First IFRS Interim Financial Report, and as I try to cover the Canadian landscape fairly thoroughly here, I’d obviously be remiss … Continue reading →

Posted in IFRS, MD&A, Securities Regulation | Leave a comment