Canadian GAAP definition

Canadian GAAP means Generally Accepted Accounting Principles as provided in the Handbook of the Canadian Institute of Chartered Accountants.

Canadian GAAP means Canadian generally accepted accounting principles.

Canadian GAAP means accounting principles generally accepted in Canada;

Examples of Canadian GAAP in a sentence

• The preparation of financial statements in conformity with Canadian GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenditures during the reporting period.

• This requires adjustment to amounts reported previously under Canadian GAAP for assets and liabilities with corresponding adjustments to retained earnings as at the Transition Date.

• These unaudited interim financial statements have been prepared by the Company in accordance with Canadian GAAP for interim financial information using the same accounting policies and methods of application as the audited financial statements of the Company for the year ended January 31, 2010.

• Unwinding of the discount is required to be presented as a finance expense under IFRS, whereas, under Canadian GAAP, the Group previously presented accretion charges as a separate line item.

• FIT is not considered in the assessment of liquidity as it is an accounting estimate, required under Canadian GAAP, representing the potential future tax liability attached to Shafter.

More Definitions of Canadian GAAP

Canadian GAAP means Canadian generally accepted accounting principles applied on a consistent basis;

Canadian GAAP means Canadian generally accepted accounting principles;

Canadian GAAP means generally accepted accounting principles in effect from time to time in Canada for public enterprises applied in a consistent manner from period to period including, without limitation, the accounting recommendations published in the Handbook of the Chartered Professional Accountants of Canada;

Canadian GAAP means generally accepted accounting principles in Canada, as recommended from time to time by the Canadian Institute of Chartered Accountants, applied on a consistent basis, and which shall include the implementation of International Financial Reporting Standards to the extent required by the Canadian Accounting Standards Board.

Canadian GAAP means Canadian generally accepted accounting principles from time to time approved by the Canadian Institute of Chartered Accountants, or any successor institute, consistently applied and applicable as at the date on which such calculation or action is made or taken or required to be made or taken;

Canadian GAAP means generally accepted accounting principles determined with reference to the Handbook;

Canadian GAAP means generally accepted accounting principles, and, except as otherwise herein expressly provided, the term “generally accepted accounting principles” with respect to any computation required or permitted hereunder shall mean such accounting principles used in the Company’s annual financial statements contained in the Company’s annual report delivered to its shareholders in respect of the fiscal year immediately prior to the date of such computation, including International Financial Reporting Standards as issued by the International Accounting Standards Board.