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IFRS north of the boarder; Canadian companies offer a preview of what it’s like to switch to international accounting standard as their January 1, 2011, adoption deadline nears

In the middle of a major accounting-system changeover, Siim Vanaselja, CFO of Bell Canada Enterprises, pines for the new year, when he’ll have just one set of books to worry about. For now, the communications company uses a trio of accounting rules: Canadian generally accepted accounting principles, international financial reporting standards, and U.S. GAAP. Cutting that number down is one benefit of Canada’s mandate that all of its publicly traded companies, with a few exceptions, adopt IFRS starting January 1, 2011.
http://www.cfo.com/article.cfm/14519278/c_14519662

CFO.com