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Impact of IFRS on the Communications Industry
Canadian public companies are required to adopt IFRS in 2011.
Be prepared for the effort required to make this transition.
The Canadian Accounting standards Board recently confirmed the requirement for Canadian public companies to adopt International Financial Reporting Standards (IFRS) for years beginning on or after January 1, 2011.
This publication highlights some of the top accounting issues likely to arise when communications companies adopt IFRS, including:
- Revenue recognition – multiple element arrangements, rebates, and subscriber acquisition costs
- Property, plant, and equipment
- Share-based payments
- Provisions
- Impairment of assets
- Employee benefits
For more information and resources related to IFRS, please visit KPMG's IFRS Web site.
To download: Right-click the link and select "Save Target As..." (PC) or control-click and select "Download Link to Disk" (Mac). Adobe Reader is required to read PDF documents.
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