Accounting Standards Board

About the AcSB

The Accounting Standards Board (AcSB) is an independent body with the authority to establish accounting standards for use by all Canadian entities outside the public sector. We serve the public interest by establishing standards for financial reporting by all Canadian private sector entities and by contributing to the development of internationally accepted financial reporting standards. 

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Report Quality Performance Measures

Learn about best practices for preparing non-GAAP and operational measures in the AcSB's Framework for Reporting Performance Measures!

Upcoming meetings & events

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November 21 - December 4, 2019 Virtual Roundtable Discussions – Stakeholder views sought on the Employee Future Benefits – Use of a Funding Valuation Exposure Draft November 21, 2019 – 3:00-4:30 pm ET                                    December 4, 2019 – 1:30-3:00 pm ET

The AcSB is holding virtual roundtable discussions to hear your views on its Exposure Draft, “Employee Future Benefits – Use of a Funding Valuation.” Discussions are taking place towards the end of November and in early December. Complete the registration form to attend the roundtable of your choice!

November 22, 2019 Academic Advisory Council Meeting – November 22, 2019 9:00 am – 4:00 pm ET

December 11, 2019 AcSB Meeting – December 11, 2019 9:00 am - 5:00 pm ET Toronto, ON

Meeting & event summaries

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October 10, 2019 AcSB Decision Summary – October 10, 2019

The Board discussed a number of topics, including IFRS® Standards, Combinations, and due process, among others.

October 9, 2019 IFRS® Discussion Group Archived Audio Webcast – September 25, 2019

Listen to the Group’s insights on interesting topics, such as accounting for sale-lease back transactions with variable payments, share-based payments for an asset acquisition, financial instruments, and IBOR Reform. Tune into opening remarks for updates on topics discussed in previous meetings, including cannabis accounting and uncertain tax position acquired in a business combination.

September 25, 2019 IFRS® Discussion Group Meeting Report – September 25, 2019

The Group discussed topics such as accounting for sale-lease back transactions with variable payments, and application issues from an asset acquisition. Read about the views expressed by Group members for helpful tips on these and other topics.   


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November 6, 2019 News
IFRS® Discussion Group Meeting Agenda – December 12, 2019

The Group’s agenda will cover a range of topics, including leases, employee benefits, impairment of assets, deferred tax on goodwill, and more. The Group will also provide initial feedback on possible topics for the IASB’s 2020 Agenda Consultation. Register today to attend as an in-person or virtual observer!

November 1, 2019 Basis for Conclusions
Basis for Conclusions – Agriculture, Section 3041

This document sets out how the AcSB reached its conclusions on the Agriculture project, and discussions on significant matters arising from comments received and issues raised in response to its Exposure Draft.

October 8, 2019 Resource
A Podcast Series – AcSB in Conversation

Listen to AcSB Members and staff discuss what’s keeping the Board busy. Topics include Section 3041, Agriculture, Contributions and Combinations, Employee Future Benefits, and the Relevance of Financial Reporting.