IFRS in action, part 7 – significant financing component?

Let’s take a look at some other recent examples of changes resulting from the implementation of IFRS 15. This is from Stantec Inc.: When we looked several years ago at how the standard addresses the key step of determining the transaction price, we noted the following: Among other things, the new standard also requires adjusting the…

IFRS: time is not on our side

Louis Armstrong sang it like this: We have all the time in the world Just for love Nothing more Nothing less Only love Nothing more, nothing less? But surely we have time for at least one thing more – to implement IFRS? Oh wait, here’s some news coming in… September 2004 “Implementation of IAS 39…

Cloud computing arrangements – from both sides now

The Canadian IFRS Discussion Group recently returned to the issue of cloud computing arrangements, revisiting its previous discussion in the light of new IFRS 16, among other things. The group had already provided the following examples of such arrangements: Software as a service – This arrangement is a software distribution model where applications are hosted…

A disclosure beyond compliance, for a purpose beyond profit

How can investors identify purpose-led companies? asks a recent publication from A Blueprint for Better Business. This is an independent charity which says of itself: “We are not a consultancy or funded by business. We are a catalyst to help businesses be guided and inspired by a purpose that benefits society. Our work is about…