CPA Canada’s IFRS Discussion Group recently discussed the following fact pattern: Entity A establishes a long-term incentive plan at the beginning of 20X0 for senior management. Senior management of Entity A will be awarded with a bonus compensation of 10 per cent of their base salary, payable immediately upon achievement of the target EPS growth.…
The IASB has issued a project report and feedback statement on its post-implementation Review of IFRS 13 Fair Value Measurement. This is how it summarizes the overall findings: The Board concluded that IFRS 13 is working as intended. In particular: the information required by IFRS 13 is useful to users of financial statements. some areas…
A high-profile public dispute about technical accounting… Here’s a story that appeared in the Toronto Star last year: “Depending on whom you believe, Ontario’s deficit last year was either $3.5 billion or $5 billion. And the province’s net debt was either $294.5 billion or $305.2 billion. Finance Minister Charles Sousa and Treasury Board President Liz…
