AcSB

Not-for-Profit Advisory Committee Notes – February 12, 2019

The Not-for-Profit Advisory Committee’s purpose is to assist the Accounting Standards Board (AcSB) on maintaining and improving the accounting standards for not-for-profit organizations (NFPOs) in Part III of the CPA Canada Handbook – Accounting and in identifying the need for non-authoritative guidance about the standards. The Committee makes recommendations to the AcSB but is not authorized to interpret or provide authoritative guidance on accounting standards for NFPOs.

This document has been prepared by the staff of the AcSB and is based on discussions during the Committee’s meeting. The meeting notes do not necessarily represent the views of the AcSB and nothing in them constitutes authoritative guidance on acceptable or unacceptable application of accounting standards for NFPOs. Only the AcSB can make such a determination.

Combinations

The Committee provided feedback on the staff’s proposed criteria for determining whether a combination should be considered a merger or an acquisition. In addition, Committee members gave input on any modifications needed to the acquisition method in Section 1582, Business Combinations, when a combination is considered an acquisition. The AcSB will discuss the Committee’s input at the March 2019 Board meeting.