AcSB

March 2019 Discussion Forum – The AcSB is coming to Vancouver

Meeting Details

Date

March 6, 2019

Time

3:00 p.m.- 5:00 p.m. PST

Location

Harbour Centre
800-555 West Hastings Street
Vancouver BC V6B 4N6

Staff Contact(s)

Lester Cheng, CPA, CA

Director, Accounting Standards Board

Register

The AcSB’s upcoming March 2019 meeting is being held in Vancouver. While we’re there, we want to meet with our BC-based stakeholders on current standard-setting activities affecting private enterprises and not-for-profit organizations. If you’re in the area, join us on March 6!

What we’ll talk about…

  • What are the financial reporting needs of private enterprises and not-for-profit organizations? How do those needs change as they grow?
  • What are the types of related party combinations undertaken by private enterprises?What are the challenges with accounting for these transactions using Section 3840, Related Party Transactions?
  • What are the characteristics of a combination between unrelated private enterprises where acquisition accounting does not provide relevant financial information?
  • What sources of guidance are private enterprises and not-for-profit organizations using when guidance for a transaction is not provided in Section 3400, Revenue?
  • Section 4410, Contributions – Revenue Recognition:  What are your views on key topics being addressed in the AcSB’s forthcoming Consultation Paper?
  • What are your views on the proposed criteria for determining if a combination by a not-for-profit entity is a merger and the relevant accounting?

Your input is critical in helping us determine the way forward on these topics affecting private enterprises and not-for-profit organizations.

Take advantage of this opportunity to provide your views directly to the AcSB in an open forum discussion.