Accounting Standards for Private Enterprises

Overview

Active Projects

Employee Future Benefits – Use of a Funding Valuation

The AcSB is deliberating feedback on its Exposure Draft

Financial Statement Concepts

The AcSB approved the project in March 2019.

Related Party Transactions

Research underway on related party combinations

Revenue

Amendments were approved by the AcSB in October 2019

CPA Canada Handbook

CPA Canada Handbook – Accounting, Part II contains all the accounting standards for private enterprises, set by the AcSB. Its available in print and online.

News


January 7, 2020 Meeting Summary
AcSB Decision Summary – December 11, 2019

The Board discussed topics such as IFRS® Standards, Insurance, Combinations, and Related Party Combinations, among others.

December 23, 2019 News
Webinar – Domestic Accounting Standards Update

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 3, 2019 News
AcSB Meeting Agenda – December 11, 2019

At its upcoming meeting the Board will consider matters regarding IFRS® Standards, standards for private enterprises, not-for-profit organizations, and due process, among others.