Category Archives: Financial statement presentation

Current/non-current versus liquidity – what’s more relevant?

Posted on December 18, 2011 by admin

by John Hughes Here’s a disclosure from CanaDream Corporation: The current/non-current balance sheet classification showed up of course in far more Canadian GAAP statements than not, with a few industry-driven exceptions, most prominently financial institutions and real estate entities. However, according to its most … Continue reading →

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Enhancing the income statement, up to a point

Posted on October 25, 2011 by admin

by John Hughes Here’s how Sears Canada’s income statement looked for the first quarter of 2010, under old Canadian GAAP: Here’s what it looks like now, after adopting IFRS: Here’s how they explain the differences: Item (d), no doubt, is … Continue reading →

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Disclosing remeasurements: obvious progress?

Posted on July 28, 2010 by admin

by John Hughes The recently-issued staff draft of the forthcoming (in 2011) IFRS standard on financial statement presentation is a treasure trove of stimulation and (perhaps) provocation. One of the key new concepts is the notion of a “remeasurement”: an … Continue reading →

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What’s in a name?

Posted on July 16, 2010 by admin

by John Hughes I’ve written before about the IASB’s new “Investor Perspectives” outreach initiative. The latest post, on the financial statement presentation project I covered last time,  is starting to get pretty fancy: As a seasoned scholar of both Shakespeare and … Continue reading →

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Revolution ahead!

Posted on July 10, 2010 by admin

by John Hughes The IASB and FASB have started a programme of extended outreach to stakeholders on their joint  financial statement presentation project, by posting a staff draft of proposed standards on their respective websites, reflecting all the tentative decisions taken … Continue reading →

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