National Center for First Nation Governance (NCFNG)
Year of publication:
"The Governance Best Practices Report profiles the work of 25 First Nations, tribes and aboriginal organizations across Canada and in the United States. Based on NCFNG's principles of effective governance, each profile provides the reader with a brief snapshot of strategies, techniques, procedures or processes that produce efficiencies in governance."
This course material deals with complex matters and may not apply to particular facts and circumstances. As well, the course material and the references contained therein reflect accounting standards and practices which are subject to change. For these reasons, the course material should not be relied upon as a substitute for specialized professional advice in connection with any particular matter.
Processes financial transactions in accordance with accepted accounting concepts, principles, and standards. (e.g., revenue and expense recognition; amortization of leaseholds; foreign exchange transactions; disposals, exchanges and retirements of capital assets; accounting for grants, subsidies, contributions, and loans, recording and administration of real property taxation laws and public debt financing, recording and administration of real property related transactions)
There is currently global convergence towards a single set of high quality accounting standards for use throughout the world. Accordingly, the Accounting Standards Board of Canada has adopted a strategic plan to adopt International Financial Reporting Standards (IFRSs) by publicly accountable enterprises in Canada.