In Canada, the Accounting Standards Board (AcSB) has already taken the first steps of conver­gence with inter­na­tional standards by outlining the plan under which publicly accountable enter­prises will transition completely to IFRS. The change will occur over the next 5 years, and the Board expects the changeover process to be complete by fiscal years beginning […]

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The Canadian Accounting Standards Board (AcSB) has finalized some new sections of the Handbook which include guidance on accounting for financial instru­ments. Financial instru­ments include invest­ments, hedges, deriv­a­tives, and loans and receiv­ables. The Canadian standard attempts to harmonize our GAAP in a way with FASB Statement 133, “Accounting for Deriv­ative Instru­ments and Hedging Activ­ities,” and […]

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Since the last one went so well, and since there have been many posts this week on my fellow accountant blogs that I’d like to highlight, here’s another quick round-up of three inter­esting nuggets: Dan Meyer of Tick Marks talks about a new standard in the US called FIN 48, which requires companies making assumptions […]

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This piece in the Globe and Mail was inter­esting: Shell was early with “sustain­ability reporting” (their first annual sustain­ability report was published in 1998). They currently have a goal to have their (self-reported) green­house gas emissions 5 per cent below 1990 levels by 2010, similar to the Kyoto Protocols. The story was about Shell’s CEO […]

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Dan Meyers of Tick Marks is caught up in the spirit of giving in his own way — he’s revis­iting his special 12 Blogs of Christmas from last year around this time and giving us all a refresher on the more memorable posts from the accounting blogos­phere from the year nearly ended. Since my blog […]

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