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The transition to IFRSs poses a unique challenge for accounting academics. The Canadian Institute of Chartered Accountants (CICA) is pleased to provide a range of materials to help academics develop teaching strategies to prepare their students for this significant change for our profession. Access to the standards
The CICA is providing full members of the Canadian Academic Accounting Association with free access to eIFRS until February 12, 2011. Afterwards, academics and academic institutions requiring electronic access to IFRSs (including non-authoritative guidance), can take advantage of special Edu.Knotia pricing available from the CICA. This includes full on and off campus access for all faculty and students. For more information contact Paul Kneebone (paul.kneebone@rogers.com). The unaccompanied IFRSs and the IASB Framework (excluding non-authoritative guidance) are now available in the CICA Standard and Guidance Collection (CICA Handbook – Accounting, Part I). Most Canadian universities and colleges have an Edu.Knotia online license to the collection. They can also be accessed electronically, for free, through the IASB website. Go to Get Your Copy of IFRSs for information about other formats available for order. Publications
Canadian Advanced Accounting – Second International Convergence Edition This textbook, written by Byrd & Chen and published by the CICA, includes key advanced financial accounting topics - with an up-to-date analysis of the impact of the transition from Canadian GAAP to IFRSs. It covers all standard areas of advanced financial accounting courses. It includes two volumes (Textbook and Study Guide), plus a group of assignment problems and test items on CD (for adopting instructors). A complimentary desk copy is available. Financial Reporting in Canada under IFRS – 2011
This publication discusses, explains and illustrates IFRS requirements in detail, following up with practical implementation advice. This hands-on tool provides summary tables of key IFRS requirements, mini-case studies illustrating their application and real-life examples of the practical implementation of IFRSs. Chapter 20, which provides guidance on first-time adoption issues, is now available for free download. The complete book is available in print or as a fully-searchable internet-based version on Edu.Knotia. In stock date: January 2011. For more information contact Paul Kneebone (paul.kneebone@rogers.com)
Model Financial Statements - IFRS/IAS (September 2010)
This publication is designed to assist publicly accountable enterprises incorporate changes related to the adoption of IFRSs. It includes a CD of customizable financial statements. In stock date: February 2011. See CA Store. Courses and Conferences
CICA and Provincial Courses and Conferences A full range of CICA and provincial institute/ordre courses and conferences are available, ranging from half-day overview sessions to comprehensive multi-day sessions, are available.
Other Resources - In the Loop – Standards in Transition: CICA’s electronic brief that provides timely insights about accounting and auditing standards in transition. Free subscription.
- Get to the Point: Two-part presentation designed to assist small and mid-sized companies. Free download.
- International Audit Guide Forms: Designed to assist practitioners with the implementation of international standards in the audit of small and medium-sized enterprises.
Visit the IFRS Transition Resources page for a broad range of resources.
What Students Need to Know The UFE Candidates’ Competency Map for the 2011 UFE no longer requires candidates to be versed in the pre-changeover Canadian accounting standards (Part V). Instead, candidates must be familiar with the standards in the 2010 bound version of IFRSs (Part I) and with the Accounting Standards for Private Enterprise (Part II). The Performance Measurement and Reporting section of the map defines the competencies that apply to both enterprises not adopting IFRSs and enterprises adopting IFRSs, within normal circumstances. The Knowledge Reference List outlines the specific underlying knowledge requirements. If you are an accounting academic, or an accounting student preparing for a career as a CA, contact us and we will inform you as we post additional IFRS learning tools and resources to this website.
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