Examines Canadian regulatory decision by the International Financial Reporting Standards (IFRS) to adopt. To accept the Canadian decision in 2005 to IFRS is particularly interesting because Canada had domestic accounting standards well developed and because a significant part of the Canadian industry for the adoption of the U.S. lobbying is Generally Accepted Accounting Principles (GAAP) and not in accordance with IFRS. The case positions the student as a consultant to a major local politicians. Based on cultural, economic, … Read more »

Examines Canadian regulatory decision by the International Financial Reporting Standards (IFRS) to adopt. To accept the Canadian decision in 2005 to IFRS is particularly interesting because Canada had domestic accounting standards well developed and because a significant part of the Canadian industry for the adoption of the U.S. lobbying is Generally Accepted Accounting Principles (GAAP) and not in accordance with IFRS. The case positions the student as a consultant to a major local politicians. Based on cultural, economic and political information available in 2005, the case requires students to choose between: (i) maintaining Canadian GAAP, (ii) the adoption of U.S. GAAP, or (iii) the adoption of IFRS
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from
Karthik Ramanna,
Beiting Cheng
Source: Harvard Business School
16 pages.
Release Date: 26 August 2009. Prod #: 110023-PDF-ENG
Choosing a GAAP for Canada HBR case solution

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