IFRS vs. Canadian GAAP: Understand & Apply International and Financial
This 2-day seminar will outline the major differences between Canadian GAAP and IFRS. Since Canadian
GAAP and IFRS are already converged in most respects, the emphasis will be on outlining the major
differences between Canadian GAAP and IFRS. The course will consist of a blend of theory and practical
Date: November 24-25 2009, 9 AM to 5 PM
Increase your understanding of the major similarities and differences between Canadian GAAP
Prepare for first time adoption of IFRS in 2010.
Provide a useful training tool and reference guide to help prepare your accounting staff for the
transition to IFRS.
Outline areas in which Canadian GAAP and IFRS are NOT converged and discuss how these
issues will likely be resolved.
Briefly discuss how US GAAP and IFRS differ.
1. IFRS vs. Canadian GAAP – Areas of Convergence
Financial Statement Concepts and presentation
Disclosure of Accounting Policies
Interim Financial Reporting
Notes and Accounts Receivable
Unrealized Gains & Losses – Comprehensive Income
Long-Lived Assets and Discontinued Operations
Investment Tax Credits
Treatment of Related Party Transactions
Pension Plan Treatment
2. Differing Areas and Unresolved Differences
Business Combinations including foreign currency translation and comprehensive
Measurement Uncertainty (Contingencies).
Inventory Valuation issues
Treatment of Impairment losses (Including Intangibles, Investments and Property Plant &
Income Taxes – Including Changes in Tax Status
Treatment of Non-Monetary Transactions
Variable Interest Entities
3. A brief comparison with US GAAP
This section will briefly compare US GAAP to IFRS and Canadian GAAP.
4. Discussions & Practical Examples
First-time adoption of IFRS)
Presentation & disclosure
Pierre Hilal is a widely-respected Lecturer with the Department of Accountancy at the John Molson
School of Business at Concordia University. He is a Certified Management Accountant and was Director
of CMA Prep, a CMA Coaching program offered by the Department of Accountancy designed to help
students pass the CMA Entrance Examination. Mr. Hilal has taught both Financial and Managerial
Accounting classes at both the graduate and undergraduate levels. In addition to his teaching
responsibilities, Mr. Hilal works as controller for a medium-sized internet software company.
Investment $ 1,195 per person + tax
Registration & Payment Register online
Phone: (514) 848-3960
Contact Fax : (514) 848-4547
Email : email@example.com
Terms & Conditions
Total Refund: minimum of 14 days notice
50% Refund: minimum of 7 days notice
No reimbursement if less than 7 days notice