Accounting Standards for Private Sector Not-for-Profit Organizations
The AcSB will approve a revised project plan for a new exposure draft in May 2024
AcSB is researching issues with the current Preface of the CPA Canada Handbook – Accounting to identify potential solutions
The AcSB approved the project in March 2019.
The AcSB is currently deliberating feedback on the Exposure Draft
The AcSB is conducting public outreach to inform exposure draft proposals
CPA Canada Handbook – Accounting, Part III contains all the accounting standards for not-for-profit organizations, set by the AcSB. It's available in print and online.
Some NFPOs may need to apply standards found in CPA Canada Handbook – Accounting, Part II. Don't forget to keep up with accounting standards for private enterprises!
Read the feedback statement for AcSB's 2023 Exposure Draft, “Contributions – Revenue Recognition and Related Matters” to learn how your feedback has shaped the future direction of the Contributions project.
The Not-for-Profit Advisory Committee discussed Contributions, financial statement concepts, Revenue, guidance, and more. Read the meeting notes for full details.
The Committee discussed Contributions, Recognition of intangible assets and amortization of goodwill and more. Read the meeting notes for full details.