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The Corner Store
Welcome to Ideaca's Corner Store. This is an informal site where we hope to share our insights and strategies for success in the area of Retail Information Systems. We will be updating the Corner Store on a regular basis and sending out a notice to regarding updates to those in our Retail Network, highlighting all the topics covered.
January 4th, 2010 - IFRS Compliance
Switching to IFRS: It’s the eleventh hour
It’s only a year away: in January of 2011, Canada will join more than 100 countries from around the world in the change to International Financial Reporting Standards (IFRS). IFRS will be in, and Canadian GAAP will be out for all publicly accountable enterprises.
Looking for more information? Try these links:
IFRS Readiness in Canada: 2009
A new PricewaterhouseCoopers sponsored survey finds that for most companies, there is still a lot of work to do, and that the scope of the changes will be pervasive, affecting many aspects of business operations, systems and IFRS transition procedures.
10 Minutes on Transitioning to IFRS: Thinking about it now is a good idea.
An American PWC publication with slightly different deadlines, but still a great overview of the impact of IFRS.
KPMG's Webcast on IFRS Conversion (Dec 2009) – The impact of IFRS on systems and processes: what you need to know.
Listen to a replay of this recent webcast and take a look at the extensive IFRS coverage elsewhere on the site.
Ideaca
Additional IFRS Information from Ideaca