Business combinations

by John Hughes Here’s an extract from the accounting policies of Innovente Inc.: I remember a few years ago having to respond to someone who claimed that IFRS disallowed recognizing all prepayments, maybe on the basis that the concept isn’t … Continue reading →...

by John Hughes Reverse takeovers – in which a public entity technically acquires a private entity, but by issuing a volume of shares such that control of that public entity passes to the private entity’s shareholders – remain fairly common in Canada. … Continue reading →...

by John Hughes The Canadian Securities Administrators (CSA) have issued  Staff Notice 51-337 Continuous Disclosure Review Program Activities for the fiscal year ended March 31, 2012, summarizing the results of their continuous disclosure (CD) review program. Overall, CSA members completed … Continue reading →...

by John Hughes As part of its accounting policy disclosure for business combinations, Kinross Gold Corporation provides a strikingly lengthy description of a certain aspect of things: Of course, if all the company’s policies were as detailed as this, then … Continue reading →...

by John Hughes Let’s return to the recent notice issued by the OSC’s Office of the Chief Accountant,  OSC Staff Notice 52-720 Office of the Chief Accountant Financial Reporting Bulletin. I’ve already written about the section on disclosures of critical … Continue reading →...