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linda_us, Master's Degree
Category: Business and Finance Homework
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It' an accounting question. This is about Loblaws. When was

Customer Question

It' an accounting question.
This is about Loblaws.
When was the change from GAAP to IFRS? Why is this important?
Accounting policies (shift from GAAP to IFRS, how that affected, etc.)
Submitted: 1 year ago.
Category: Business and Finance Homework
Customer: replied 1 year ago.
I tried looking at financial statements. But was not able to find anything concrete. What exactly has been affected since Loblaws switched to IFRS (inventory, revenue recognition , capitalization, amortization, etc.) ?
Expert:  F. Naz replied 1 year ago.

Please provide the number of law and also mention the length of answer and your deadline, thanks.

Customer: replied 1 year ago.
I am not sure what number of law means ?
The length of answer is roughly a page or less. that covers all answers briefly. Deadline is 5 hours.
I have to provide an analysis of the company’s financial statements and accounting policies, and Ihave chosen Loblaws.
But I am stuck at accounting policies, the shift to IFRS from GAAP and its effect.
Expert:  F. Naz replied 1 year ago.

Can you provide the link of the financial statements or can you upload it at www.mediafire.com or www.wikisend.com and provide me the link, thanks.

Customer: replied 1 year ago.
http://www.newswire.ca/news-releases/loblaw-companies-limited-reports-first-quarter-2009-results-537551421.html
Customer: replied 1 year ago.
http://www.weston.ca/en/pdf_en/gwl_2015q1_en.pdf
Expert:  F. Naz replied 1 year ago.

You can see that in the first link the financial results are for 2008 or 2009, while the company has to follow the IFRS beginning 2011, therefore it would there the impact of change in 2011 or 2012 report, please check there and provide me that one, thanks.

Customer: replied 1 year ago.
http://loblaw.ca/Theme/Loblaw/files/4.%20Investor%20Centre/Financial%20Reports/2011/Q4/Loblaw-2011-Annual-Report.pdf
Expert:  F. Naz replied 1 year ago.

It is given on page #100 of 2011 report, do you need that it should be summarized by me or you will do it yourself, thanks.

Customer: replied 1 year ago.
Could u please summarize
Expert:  F. Naz replied 1 year ago.

Please accept the offer, so I could provide you the answer in next few hours, thanks.

Customer: replied 1 year ago.
um..
Thanks, ***** ***** am good.
Expert:  F. Naz replied 1 year ago.

Waiting

Customer: replied 1 year ago.
how can I close this conversation ?
Expert:  F. Naz replied 1 year ago.

I am opting out so it will be closed, take care.

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