2009
Managing the Downturn: Key Strategies for Sustained Growth
The 2008-2009 economic slowdown was characterized by winners and losers. Some companies were facing a long and challenging recovery as circumstances found them cash poor, while others who were well-capitalized were looking at all their options for taking advantage of lower-cost inputs, buying lower-priced assets, as well as new options and strategies for increasing market share and stimulating growth. Public and private companies across the board were re-visiting how they do business. This report was sponsored by Ernst & Young.
Issues in Private Company Reporting
This study was developed as the Canadian Accounting Standards Board (AcSB) finalized the development of a “made in Canada” private company GAAP option for companies that choose not to adopt IFRS; the model will simplify recognition and/or measurement treatments in a variety of areas. The new standards are expected to be available for early application for fiscal years ending Dec. 31, 2009. The purpose of this study is to present the insights of financial executives from private and public companies on the implications of the proposed changes, and to provide this feedback to the AcSB. This report was sponsored by KPMG Enterprise.
Corporate Sustainability Reporting in Canada
2008
IFRS Readiness In Canada
This CFERF Executive Research Report revealed that as of April 2008, relatively few senior finance executives were aware of the differences between International Financial Reporting Standards (IFRS) and Canadian General Accounting and Auditing Processes (GAAP). CFERF is currently working on an updated study about IFRS Readiness in Canada: 2009. This report was sponsored by Ernst & Young.
Enterprise Systems and Performance Management
A survey of 109 members of FEI Canada indicates that the most extensively implemented performance management and control practices are “control activities” and “performance reporting”, with approximately 66% of organizations having applied both to a moderate or great degree.
Best Conference Paper 2008 Summary
Neil Brisley and Chris Anderson received the Canadian Financial Executives Research Foundation’s (CFERF) Second Annual Best Conference Paper Award for their paper “Employee Stock Option Valuation: Modeling the Voluntary Early Exercise Boundary”. A summary of the paper is available.