Provisions

by John Hughes Here’s a description from Tembec Inc. of a difference between IFRS and old Canadian GAAP: Sad to say, we’ve nearly seen all of these disclosures that we’re ever going to, given that almost all currently-public Canadian entities have … Continue reading →...

by John Hughes In December, the Alberta Securities Commission issued its most recent Corporate Finance Disclosure Report, setting out the findings of its review efforts for the most recent year. Consistent with other publications to date by Canadian regulators, it … Continue reading →...

by John Hughes Quadra FNX Mining Ltd. provides a very clear summary of a significant difference between IFRS and Canadian GAAP: IFRS is distinctly less helpful in some areas than in others, and this is an example of that. There’s … Continue reading →...

by John Hughes Intertape Polymer Group provides a typical example of disclosure on one of the elections available to entities adopting IFRS for the first time: It’s common to say IFRS doesn’t allow any first-time adoption exemptions from the IAS 37 … Continue reading →...

by John Hughes I’m not sure how often the IAS 37 concept of onerous contracts is a material issue for Canadian entities – it doesn’t seem to be coming up particularly often in their MD&A discussions of differences. Examples do … Continue reading →...