With the upcoming transition to IFRS, it's time to consider the impact of the changeover on the IT function and the business.   Gain an understanding of the impacts of the IFRS transition on information technology in areas such as:

Finally the core IFRS's are available for free download directly from the IASB website.
The core standards exclude any additional content such as the basis for conclusions.

When interviewing with any company, it’s important to be prepared and put some thought behind the answers you provide. And yes, part of your preparation comes from reviewing your resume and cover letter, conducting research on the company and thinking of concrete examples – ones that showcase your skills – to use when answering interview questions before you even step into the interview.

It seems that every day you pick up the paper you’re bombarded with poor economic news and news on the deepening recession. Record losses for banks, record lows in sales for retailers, and thousands of jobs being lost each month. It certainly isn’t a pretty picture! Is there any hope?

IFRS or International Financial Reporting Standards, to give it its full name, is gradually starting to gain momentum. Today alone, I’ve seen ads in newspapers, heard about it on the radio, and the internet is rife with information on this topic. January 1, 2011, the official changeover date here in Canada, may seem a long way off but in truth, that’s not the drop dead date for IFRS. In order to report 2010 comparatives in your 2011 financial statements, you’ll need to have captured IFRS data throughout 2010. That being said, your starting point for 2010 is your 2009 closing position. Hmm...that’s not far away at all! Are you going to be ready?