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9:00 - 12:00
Workshop One
Consolidating IFRS and Canadian GAAP Differences
Amy Cheema, Senior Manager, Deloitte & Touche LLP (Vancouver)
Libby Owlett, Manager, Deloitte & Touche LLP (Vancouver)
Dan Rollins, Partner, Deloitte & Touche LLP (Vancouver)
This workshop will build on sessions from the previous two conference days. During the first part of the
workshop, certain differences between Canadian GAAP and IFRS will be discussed in depth and case studies completed to provide
participants with an opportunity to determine practical considerations when bridging these GAAP differences:
- Property, plant, and equipment (IAS 16): elements of costs, components, and depreciation
- Impairment of assets (IAS 36): concepts of cash generating unit, recoverable amount, and applying the "trigger test"
- Provisions, contingent liabilities, and contingent assets (IAS 37): concepts of provisions versus contingencies
The second part of the workshop will illustrate the extensiveness of IFRS-prepared financial statements and will provide
participants with an opportunity to determine the differences from Canadian GAAP financial statements and the overall
approach for obtaining supporting information, along with guidance and examples to be used in the preparation of IFRS
financial statements.
1:00 - 4:00
Workshop Two
In-Depth Examination of IFRS Issues Specific to the Mining Industry and Related Resources Sectors
Glenn Ives, Partner, Deloitte & Touche LLP (Vancouver)
Gregg Orr, Partner, Deloitte & Touche LLP (Vancouver)
Libby Owlett, Manager, Deloitte & Touche LLP (Vancouver)
The adoption of IFRS will have a significant impact on the preparation of financial statements for companies
in all industries, but will create particular challenges for the mining sector. Often, IFRS provides little guidance for a
number of mining-specific issues. This in-depth and interactive workshop will help provide guidance to mining companies
implementing IFRS, as our facilitators share their experiences working with leading global mining companies. Discussion
will include, but is not limited to:
- Specific application of IAS 16 (PP&E), IAS 36 (impairment) and IAS 37 (provisions) to the mining industry
- Other important standards will also be discussed
- Discussion of IFRS 6 and the IASB current projects relating to the E&E industry
- Typical IFRS 1 exemptions used by mining companies
- Case studies of the impact on financial reporting of IFRS for global mining companies
You will leave this workshop having gained the expertise and advice necessary for your organization to
successfully overcome the challenges ahead.
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