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| September 2009 | Subscribe/Unsubscribe 
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Trends and Views
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Not-For-Profits Legal Matters Standards and Regulations Canadian Standards in Transition Personal Financial Planning Continuing Education |
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IFRS Readiness in Canada
The deadline for the switch to IFRS for publicly accountable enterprises in Canada is January 1, 2011. The IFRS Readiness – Executive Research Report – prepared by the Canadian Financial Executives Research Foundation (CFERF) and sponsored by PricewaterhouseCoopers – attempts, through a wide range of questions, to determine how prepared Canadian companies are for IFRS transition. Many large companies have completed the first diagnostic stage of the conversion process but more than one in 10 publicly are barely out of the starting gate. www.feicanada.org/files/5615%20IFRS%20Readiness%20Summary.pdf Quick Links to Resources and Guidance |
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Improving Costing in Your Organization
IFAC’s latest International Good Practice Guidance publication, Evaluating and Improving Costing in Organizations, establishes six fundamental principles to evaluate and improve your approach to costing. A companion document, Costing Levels Maturity Model, can also assist you in determining what level of costing sophistication to use given your organization’s resources and stakeholders’ needs. www.ifac.org/MediaCenter/?q=node/view/659 |
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The Quest: The Best Travel Rewards Credit Card
With 35 Canadian travel rewards credit cards available and numerous factors to weigh, it is nearly impossible to pick the best card for your needs. Rewards Canada’s first annual survey of the travel rewards credit card industry compares the five main categories at: www.rewardscanada.ca/topcreditcard2009.html |
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Anti-Spam Laws Boost Confidence in Online Marketplace
Spam now makes up over 80 percent of global email traffic, imposing huge costs on businesses and consumers. Canada’s proposed Electronic Commerce Protection Act (ECPA) aims to strengthen consumers’ confidence in the online marketplace by protecting their privacy and personal security concerns associated with spam, counterfeit websites and spyware. For an overview of the legislation: |
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Strategic Planning in a Changing Marketplace
Organizations that do not develop several alternatives as part of their strategic plan can quickly get caught by the marketplace. In his article, The Four Ps of Strategy Creation, management consultant Ron Price presents a simple model for strategic planning that can help you leverage new opportunities and avoid significant threats when outside factors force a change of course. |
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Innovating for Competitive Advantage
How do you move from thinking about innovating to doing something about it? In her article, Key Actions to Innovating Every Day, management consultant Holly Green sets out four straightforward steps for incorporating new thinking, new products and new options – including getting more done with less – into your day-to-day activities. |
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Effectively Emceeing a Corporate Event
Being the company’s emcee can make you a hero … if you are confident and well prepared. Jeff Civillico, a professional master of ceremonies, gives practical advice in his article Wow Any Audience: Strategies for Being an Effective Emcee that can help you shine when called upon to emcee a meeting, convention or trade show. |
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| Data protection and privacy issues www.privacyassociation.org/canada KnowledgeNet Canada is made possible with financial support from the Office of the Privacy Commissioner of Canada. |
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Privacy Toolkit a Key Resource for Organizations
For more information about this resource and other privacy tools, visit the CICA’s Privacy Resource Centre at: |
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Getting the Most Out of Your NFP Volunteer Board Service
www.cica.ca/service-and-products/members-services/public-practitioners/capa/capa_0909/item29989.pdf |
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Canadian Insolvency Reforms in Force
Parliament passed a comprehensive package of reforms to Canadian insolvency laws in 2005. Some of those amendments have been proclaimed into force over the past four years. Now, the balance of those amendments has taken shape and will take effect this fall. For an overview of these substantial changes and their impact, read Fasken Martineau’s bulletin: |
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New Standards for Pension Plans Proposed
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Proposed IFRS on Fair Value Measurement
Following its strategy to adopt IFRSs for publicly accountable enterprises, the AcSB has issued an Exposure Draft proposing to adopt the final version of the IFRS on fair value measurements into Canadian GAAP. The comment period ends October 15, 2009. |
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| New publication Estate Planning Toolkit for Business Owners Everyone needs an estate plan but business owners must tackle more complex issues that require more sophisticated approaches. The CICA’s Estate Planning Toolkit for Business Owners is designed to guide you through the process of developing or updating your estate plan to ensure it effectively integrates all aspects of your tax, retirement and succession planning, along with risk management and personal protections. Includes CD with checklists. |
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Earn one hour CPD credit www.snwebcastcenter.com/event/?event_id=362 |
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IFRS Immersion Course October 13-16, 2009 Toronto, ON This four-day program gives you comprehensive coverage of several of the most important IFRS standards including financial statement presentation, fair value measurement, PP&E, financial instruments, impairments, provisions and revenue recognition. The program includes in-class technical lectures and facilitated work group sessions using case studies designed to illustrate the application of concepts and information learned in the lecture sessions. cpd.cica.ca/IFRSImmersion/Brochure.cfm |
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Visit the Report on Industry Online Archives
Visit the Report on Industry archives now to catch up on any prior issues you may have missed. | |
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We value your feedback. Please send your comments or suggestions for future issues to industry@cica.ca Report on Industry is a quarterly e–newsletter published by the Canadian Institute of Chartered Accountants (CICA) for CAs in industry. The information contained in this e–newsletter is for information purposes only and is not necessarily endorsed by the CICA. If you no longer wish to receive this newsletter, or have received it in error, please click here. |
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The Canadian Institute of Chartered Accountants 277 Wellington Street West Toronto, Ontario M5V 3H2, Canada
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Publishers Cairine Wilson Vice President — Member Services Nicholas Cheung, CA Principal, Assurance Services Development Editor Kathleen Aldridge Designer & Production Mark Hinkley © 2009 CICA |
