Potash Corporation

Assignment 3 Question 1 Plans for the adoption of IFRS in 2011 are mentioned in the quarterly sensitives releases (latest one population Feb 12 09) which is not an article primarily highlighting IFRS, scarcely an all-inclusive approach to discussion the state of the company, their results from the last quarter, and their short- barrier outlook. With the title of the article being “EnCana generates 2008 cash flow of US$9.4 billion, or $12.48 per share, up 13 percent”, is this where external s simulateholders would wear visualizes for IFRS would be located? No, it would be inadequate for EnCana to but volunteer this article assuming that stakeholders will somehow deal out to give a way an IFRS discussion embedded deep in this article (the term “IFRS” had to be searched just to locate this article, as no former(a) disclosures of IFRS were evident on the website). It is important to note that there is no individual article that discusses, in depth, the implications of IFRS. What they do provide, however, are steps (5, to be exact) to implement IFRS. The simplicity of the steps, from an external stakeholder’s view, could be seen as a good thing (a way to get things understandable).

Their first step involves determining what changes will be do to the currently existing be policies and financial disclosures. They later on entail that they are currently in the planning and decision-making typify of the IFRS adoption, fundamentally indicating that “The Company is currently analyzing accounting policy alternatives and identifying death pen alty options”. What this last means i! s that they are suggesting that as of February 12, 2009, they are put away in Stage 1 of 5 for adopting an entirely new accounting system that will take place on January 1, 2011. Because of this, they take the position that with regards to the implications of IFRS, it is “still too early to sound out”. They transgress to recognize – in any capacity – how this 5-step plan will...If you urgency to get a full essay, order it on our website: OrderCustomPaper.com

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