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Learn about the key findings from Chartered Professional Accountants of Canada (CPA Canada)’s study of the financial impact of the adoption of the new revenue standard by listed companies.
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Canadian public companies with calendar year ends began applying a new accounting standard for revenue recognition in the first quarter of 2018. The highly anticipated new standard IFRS 15 Revenue from Contracts with Customers, and its US GAAP equivalent ASC 606, introduced a significantly different accounting model for revenue recognition.
It was expected to have a significant effect on many companies. CPA Canada conducted this study to better understand the impacts of the adoption of the new standard on the financial statements of Canadian companies.
Canada’s accounting and auditing standards boards have a lot going on. Make sure you stay up to date on changes and get involved in standards development through the boards’ webinars and events.
February 10, 2020
Financial sustainability and digital disruption are influencing the future of NFPs. Be equipped to lead through complex change by attending Canada’s premiere event for not-for-profit leaders.
May 25, 2020
Explore new technologies that are revolutionizing accounting and finance. Find out how you can take advantage of best-fit digital solutions and emerging business trends to work smarter, ignite growth and keep innovating.