Accounting Standards for Private Enterprises

Overview

Active Projects

Detailed Review of Accounting Standards for Private Enterprises

The AcSB expects to issue a consultation paper in early 2025

Evaluating the Preface

AcSB is researching issues with the current Preface of the CPA Canada Handbook – Accounting to identify potential solutions

Financial Statement Concepts

The AcSB is researching issues with Section 1000, Financial Statement Concepts, and Section 1001, Financial Statement Concepts for Not-for-Profit Organizations in Parts II and III of the CPA Canada Handbook – Accounting, respectively, to identify potential areas for improvement

Insurance Contracts with Cash Surrender Value

The AcSB is currently deliberating feedback on the Exposure Draft

View Comments

Subsequent Measurement of Goodwill and Acquired Intangible Assets

The AcSB is conducting public outreach to inform exposure draft proposals

CPA Canada Handbook

CPA Canada Handbook – Accounting, Part II contains all the accounting standards for private enterprises, set by the AcSB. It's available in print and online.

Get the Handbook

News

May 1, 2024 News

AcSB issues amendment to Section 3400, Revenue

The AcSB issued an amendment to Section 3400, Revenue, to indefinitely defer the effective date of previously issued amendments relating to upfront non-refundable fees or payments. Earlier application is permitted. The amendments also introduce a disclosure requirement for some upfront non-refundable fees or payments.

April 10, 2024 News, Other

Subsequent Measurement of Goodwill and Acquired Intangible Assets

The AcSB invites you to share your input on its Subsequent Measurement of Goodwill and Acquired Intangible Assets project to address challenges faced by private enterprises and not-for-profit organizations.

February 28, 2024 Meeting Summary

Private Enterprise Advisory Committee Notes – February 7, 2024

The Committee held a meeting on February 7, 2024, and discussed revenue – upfront non-refundable fees or payments, financial statement concepts, climate-related risks and opportunities, and more. Read the meeting notes for full details!