Choosing a GAAP for Canada

Posted: 14 Nov 2009

See all articles by Karthik Ramanna

Karthik Ramanna

University of Oxford - Blavatnik School of Government

Beiting Cheng

Harvard University - Harvard Business School

Date Written: October 27, 2009

Abstract

Explores Canadian regulators' decision to adopt International Financial Reporting Standards (IFRS). The Canadian decision in 2005 to adopt IFRS is particularly interesting because Canada had well-developed domestic accounting standards and because a significant fraction of Canadian industry was lobbying for the adoption of U.S. Generally Accepted Accounting Principles (GAAP) and not IFRS. The case positions the student as an advisor to an important local politician. Based on cultural, economic, and political information available in 2005, the case requires the student to choose between: (i) retaining Canadian GAAP; (ii) adopting U.S. GAAP; or (iii) adopting IFRS.

JEL Classification: A23, M44, M47

Suggested Citation

Ramanna, Karthik and Cheng, Beiting, Choosing a GAAP for Canada (October 27, 2009). HBS Case No. 110-023, Harvard Business School Accounting & Management Unit, Available at SSRN: https://ssrn.com/abstract=1504710

Karthik Ramanna (Contact Author)

University of Oxford - Blavatnik School of Government ( email )

Radcliffe Observatory Quarter
Oxford, Oxfordshire OX2 6GG
United Kingdom

Beiting Cheng

Harvard University - Harvard Business School ( email )

Soldiers Field Road
Morgan 270C
Boston, MA 02163
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
1,816
PlumX Metrics