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Impact of IFRS on the Electronics 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 electronics companies adopt IFRS, including:
- Revenue Recognition - multiple element arrangements, bill and hold transactions, and rebates
- Property, Plant, and Equipment
- Provisions
- Impairment of Assets
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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