Access the financial statements of Loblaw Companies Limited for its 2014 year ended January 3, 2015 from SEDAR (www.sedar.com) or the company's website.

Instructions
Review the financial statements and the company's note disclosures related to new accounting standards implemented, changes in significant accounting policies, and critical accounting estimates and judgements.

(a) Identify any new or revised accounting standard(s) thatwere implemented by Loblaw in its 2014 fiscal year. Howwere the changes accounted for, and what was the effect ofthe change(s) on the financial statements?
(b) Identify any change(s) made to the company's significantaccounting policies in the year, and explain the reason foreach change. From the relevant accounting policy note,the accounts involved, and the direction of the change,explain what decision management likely made as the basisfor the change.
(c) List the presentation and disclosure requirements for achange in accounting policy, and indicate the extent towhich Loblaw provided these disclosures.
(d) What judgements and accounting estimates were criticalto the financial position and operating results reportedby the company for its 2014 year? Comment briefly onwhether you think the reported numbers could be materially different.