The objective of this seminar is to examine the major differences and similarities between Canadian GAAP and International Financial Reporting Standards. The presentation will discuss IFRS 1 briefly and note which exceptions/prohibitions exist regarding transition to IFRS. The material will look at standards that will remain the same, those that are currently in transition, and those that may change around transition date. Due to the volume of material, this course will not focus on accounting in the not-for-profit sector, government sector nor private entity GAAP.