Model Financial Statements – IFRS – Part I of the CPA Canada Handbook – Accounting
Author: Ordre des comptables professionnels agréés du Québec
Last update : October 2019
The “Model Financial Statements – IFRSs – Part I of the CPA Canada Handbook – Accounting” for publicly accountable enterprises take into account the accounting standards issued up to July 30, 2019.
Update – October 2019This update includes amendments to accounting standards issued up to July 30, 2019.
These financial statements comprise three models:
- The first model presents consolidated financial statements and was prepared for entities that already apply IFRSs.
- This model illustrates the initial application of IFRS 16 Leases.
- The second model is intended for entities that first adopt IFRSs. This model includes the reconciliation of opening balances required by IFRS 1 First-time Adoption of International Financial Reporting Standards, in Part I of the CPA Canada Handbook – Accounting.
- The third model presents consolidated interim financial statements.
The last model includes IFRS-compliant financial statements for entities with less complex transactions.
The tool also includes a supplement containing additional examples of notes and financial statement presentation.
These financial statements include appropriate references to Part I of the CPA Canada Handbook – Accounting for significant line items and notes to the financial statements. Whether you work in public practice or in industry, these model financial statements will greatly facilitate your work.
CPAs in public practice and in industry.
Available in French
États financiers modèles – IFRS – Partie I du Manuel de CPA Canada – Comptabilité