January 29, 2020
The Board discussed topics such as IFRS® Standards, contributions, pension plans, and its next strategic plan, among others.
January 28, 2020
The Group discussed topics such as lease term and useful life of leasehold improvements, application of definition of lease to a surface right, and impacts of climate change on financial reporting. Read about the views expressed by Group members for helpful tips on these and other topics.
January 21, 2020
As of March 1, 2020, Part V, also known as pre-changeover accounting standards, will be removed from the Handbook. Read more for additional information, and to find out what this means for stakeholders and preparers.
January 15, 2020
Representatives of the AcSB and the Accounting Standards Board of Japan (ASBJ) met on January 13, 2020 in Toronto. This meeting was the first bilateral meeting between the AcSB and the ASBJ. Both Boards introduced their respective financial reporting frameworks and activities, and exchanged views on the opportunities for cooperation.
Document for Comment
The AcSB seeks feedback on its proposals to introduce new guidance on the accounting for a combination of not-for-profit organizations. These proposals apply to not-for-profit organizations applying the standards in Parts III of the CPA Canada Handbook – Accounting. Stakeholders are encouraged to submit their comments by April 14, 2020.
January 7, 2020
The AcSB is monitoring the IASB’s 2019 comprehensive review of the IFRS for SMEs Standard. As part of the review, the IASB is developing a Request for Information, expected to be issued in the first quarter of 2020.
The Board discussed topics such as IFRS® Standards, Insurance, Combinations, and Related Party Combinations, among others.
January 6, 2020
The Canadian Academic Accounting Association’s (CAAA) journal Accounting Perspectives, with Guest Editor Rebecca Villmann, FRAS Canada Director, are calling on accountants to play a role in understanding blockchain and cryptoassets, and evaluating and influencing how they will affect the accounting profession, business and accounting education. We encourage researchers and educators to submit materials on the challenges and opportunities on how to account, audit, tax and regulate these activities by April 30, 2020.
December 23, 2019
Are you a Canadian private enterprise or not-for-profit organization, an advisor to one, or a user of financial reports? Sign up to learn about current and future changes to Part II and Part III of the CPA Canada Handbook – Accounting. Tune in on February 18, 2020 (English) at 2:00 pm (EST). Stay tuned for a French webinar date – to be added soon!
December 19, 2019
Get a head-start on year-end reporting by listening to the Group’s insightful discussions on hot topics, including lease term determination, climate change and asset impairment, and the impacts of the new leasing standard on inventory and revenue recognition. Tune into opening remarks for updates on topics discussed in previous meetings, such as sale-lease back transactions with variable payments.