The Impact of IFRS Adoption on an Agribusiness Company's Financial Statements |
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| Authors: | Yan Jin Bruce J McConomy Bixia Xu |
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| Affiliation: | 1. Dominican University of California;2. Wilfrid Laurier University |
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| Abstract: | This fictional case is based on a Canadian public company that produces greenhouse vegetables. Focusing on the differences between International Financial Reporting Standards (IFRS) and Canadian Accounting Standards for Private Enterprises (ASPE), this case provides students an opportunity to (1) apply IFRS in a real world setting; (2) prepare and reconcile financial statements under ASPE and IFRS; (3) analyze the impact of IFRS adoption on key financial ratios; and (4) detect and explain differences in financial statements under ASPE and IFRS through common size analysis. |
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| Keywords: |
IFRS
ASPE
Agribusiness Financial statements Agroalimentaire É tats financiers
IFRS
NCECF
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