by John Hughes The CICA’s IFRS Discussion group recently discussed an interesting issue, set out as follows: An entity may raise funds through a public offering. In the offering document the entity discloses that it expects to use the proceeds … Continue reading →...
» Continue Readingby 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 →...
» Continue Readingby John Hughes Looking back a few years at the initial communications about the anticipated impact of IFRS in Canada, it’s clear some issues were disproportionately highlighted, others unduly overlooked. The most obvious example is componentization of property, plant and equipment, … Continue reading →...
» Continue Readingby John Hughes Here’s a disclosure from CanaDream Corporation: The current/non-current balance sheet classification showed up of course in far more Canadian GAAP statements than not, with a few industry-driven exceptions, most prominently financial institutions and real estate entities. However, according to its most … Continue read...
» Continue Readingby John Hughes Here are two contrasting disclosures relating to inventories. The first is from Petaquilla Minerals Ltd.: The second is from Gennum Corporation: In the first case, a portion of inventory is classified as a non-current rather than a … Continue reading →...
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