Financial Reporting in Canada Under IFRS - 2010 edition

Objectives

In 2009, the CICA published 2009 Financial Reporting in Canada Under IFRS, which looks at the application of IFRS from a Canadian perspective by examining and explaining IFRS requirements (issued as at December 31, 2008) and illustrating their application.

The main objectives of the 2010 edition of this publication are to provide readers with: 

1. Explanations of the key measurement and recognition requirements in IFRS;
2. Descriptions of the key presentation and disclosure requirements in IFRS;
3. Comparisons that highlight the main differences between Canadian GAAP and IFRS;
4. Illustrations of the application of IFRS through the use of extracts from annual IFRS financial statements published in 2009, tables, diagrams and short case studies;
5. Information about future developments related to IFRS; and
6. Suggestions to address IFRS implementation and transition issues.

Content

The 2010 edition of this publication will contain the following chapters:

1. Introduction
2. Financial Statement Presentation and Disclosure
3. Fair Value Measurements and Disclosures
4. Impairment of Assets
5. Business Combinations
6. Consolidated and Separate Financial Statements
7. Investments in Associates and Interests in Joint Ventures
8. Investment Property
9. Financial Instruments and Hedge Accounting
10. Foreign Currency Translation
11. Revenue and Inventories
12. Property, Plant and Equipment
13. Leases
14. Intangible Assets
15. Provisions, Contingent Liabilities and Contingent Assets
16. Employee Benefits and Share-based Payment
17. Income Taxes
18. Related Parties
19. Other Specific Topics
20. First-Time Adoption of IFRS

This publication will be supplemented by five separate publications that will provide guidance on the application of IFRS in specific industries. For more information about the five supplements by industry, visit: Financial Reporting in Canada Under IFRS - Supplements by Industry