Teaching note for product 9B12B031.

In 2012, Encana is reassessing its choice for functional currency and presentation currency. Historically, Encana has used Canadian dollars for its functional currency and US dollars for its presentation currency, but changes in Encana’s operations over the past several years have caused the company to revisit its choices. For functional currency, Encana must determine whether Canada continues to represent its primary economic environment. Further, .....more

Spreadsheet for product 9B09B011.

This note provides a summary of the guidance available in IAS 21: The effects of changes in foreign exchange rates, including a description of how to determine an entity's functional and presentation currencies, and the impact of this decision on the financial statements. The note also contrasts the IFRS approach to foreign currency transaction to the guidance provided by Accounting Standards for Private Enterprises.

The chief financial officer (CFO) of the Richard Ivey School of Business (Ivey) is reflecting on the state of the school. Ivey's MBA program was just beginning its inaugural year in the new 12-month format at the Spencer Leadership Centre (Spencer), and all signs pointed to a successful start. However, it was becoming obvious to the CFO that the Executive Education programs at Ivey would face some serious capacity constraints, given the resulting .....more

Teaching note for product 9B09B015.

This note provides an overview on accounting for property, plant and equipment under both Canadian GAAP and IFRS. It addresses recognition on property, plant and equipment, as well as impairment. Investment property is also addressed.

This note provides background on the development of international financial reporting standards (IFRS) in Canada. It provides a brief history of the International Accounting Standards Board and Canada's decision to implement IFRS. It then discusses the conceptual framework and talks about the difference between IFRS and other global standards (Canada and the United States).