The CFO of a publicly traded real estate investment trust in Canada must determine the way to account for investment properties as the trust embraces international financial reporting standards (IFRS).
While the CFO must decide between historical cost and fair value accounting, additional issues arise regarding how the standard ought to be implemented along with the degree of disclosure the trust should issue. In order to decide the proper plan of action, the CFO must consider all of the important stakeholders of the trust.
PUBLICATION DATE: October 28, 2011 PRODUCT #: W11443-PDF-ENG
This is just an excerpt. This case is about FINANCE & ACCOUNTING