Reporting Performance Measures
Enhancing the relevance of financial reporting

It’s time for leadership.

The Accounting Standards Board (AcSB) is stepping up to help enhance the relevance of financial information for all entities – from public and private companies, to not-for-profit organizations and pensions plans.

The Framework

On June 14, 2018, we issued the Draft Framework for Reporting Performance Measures.

Linda Mezon speaks at the 2018 FEI Canada Annual Conference on June 14, 2018 to launch the Framework.

This Framework is just the first step in responding to the needs of stakeholders – such as investors, contributors, lenders and other resource providers – about the performance measures reported by entities.

Send us your comments

We need you to join the discussion and help improve financial and non-financial performance measures reported outside of financial statements.

There are several ways to provide us with your feedback:

Feedback is due October 1, 2018.

Download: Overview of the Framework for Reporting Performance Measures

Overview of the Framework for Reporting Performance Measures
Why do we need a Framework?

Financial statements provide a strong foundation for financial reporting. But there’s more information that users consider – including performance measures – when making investing, contributing, lending and other resource allocation decisions.

We’ve heard from stakeholders – investors, contributors, lenders and other resource providers to management, directors, and assurance providers.

There are concerns that we want to address:

  • The quality of performance measures being reported.
  • The lack of consistency, transparency and comparability of performance measures reported period to period.
  • The “expectation gap” about the governance practices of entities over how performance are developed and reported, and whether those measures are subject to assurance.
  • The limited guidance available on how to develop and report performance measures not usually subject to assurance.

What are performance measures?

Performance measures range from measures under GAAP to non-financial or operational measures. This Framework provides guidance on reporting performance measures outside of GAAP.

Download: Performance measures

Performance measures
About the Framework – Developing and Reporting a Performance Measure

An entity needs to look to its strategies, goals and objectives to identify its key activities – both those it has already done, and will do, to generate value.

These strategies, goals and objectives help identify the information an entity wants to report on – in addition to the information reported in its financial statements.

The Framework for Reporting Performance Measures provides guidance on how an entity can develop or construct a performance measure, a process broken down into principles or building blocks.

Download: Performance Measure Principles

Performance Measure Principles

Next Steps

The AcSB will:

  • consider comments received and issue a revised Framework;
  • work with others to encourage application;
  • review and update the Framework, as needed; and
  • assist others in developing additional guidance, such as industry-based guidance and Q&As.


Rebecca Villmann, CPA, CA, CPA (Illinois)
Director, Reporting Initiatives & Research
Financial Reporting & Assurance Standards Canada
Phone: +1 (416) 204-3464