Скачать или смотреть Financial Statements Explained (Canada) | IFRS & ASPE Simplified

Welcome to Modern, Short & Stunning, your go-to channel for clear and beginner-friendly accounting explanations!

In this video, we break down Financial Statements in Canada — including IFRS vs ASPE, and everything you need to know to understand your company’s financial health.

📘 What You’ll Learn:

✔ What financial statements are and why they matter
✔ The 5 main statements:

Statement of Financial Position (Balance Sheet)

Statement of Income (Profit or Loss)

Statement of Cash Flows

Statement of Changes in Equity

Notes to the Financial Statements
✔ Timing differences (point in time vs over a period)
✔ IFRS vs ASPE in Canada
✔ Who must prepare annual financial statements
✔ Assurance levels: audit, review, compilation