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 approved the project in March 2019.
Insurance Contracts with Cash Surrender Value	The AcSB is currently deliberating feedback on the Exposure Draft	View Comments
Revenue – Upfront Non-refundable Fees or Payments	The AcSB is currently deliberating feedback on the Exposure Draft
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

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!

November 15, 2023 News

Canadian Survey: Intangibles Research

The AcSB is undertaking research to get a better understanding on the types of intangibles that are gaining prevalence in the Canadian market and the information required by financial statement users. Complete the Intangibles survey to provide your feedback on potential areas of focus in this evolving area.