IFRS® Standards

Plain Language Resources

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April 1, 2019

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AcSB Annual Plan – 2019-2020

This Annual Plan sets out the Board’s key activities in 2019-2020, helping to achieve the objectives in its five-year Strategic Plan.

March 25, 2019

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In Brief – Research Findings on Hybrid Pension Plans

Get a plain and simple overview of the research findings on work done by national standard setters from Canada, Germany, Japan, the United Kingdom, and the United States on hybrid pension plans. Findings prove the need for action in addressing the challenges in applying current accounting standards to these plans by public companies. The IASB plans to consider the results of our research on hybrid plans when assessing priorities in its next Agenda Consultation.

March 15, 2019

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One-page Summary – The Framework for Reporting Performance Measures

Read this summary for an overview of the type of guidance in the Framework and to learn why all parities in financial reporting need get involved!

March 15, 2019

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Video – The Framework for Reporting Performance Measures

Watch this easy-to-understand video to learn why the AcSB developed the Framework and how it can help you! Join this initiative by taking steps to improve the quality of performance measures reported by for-profit and not-for-profit entities.

February 15, 2019

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A Podcast Series – AcSB in Conversation

Listen to members of the AcSB discuss key topics relevant to IFRS Standards, Accounting Standards for Private Enterprises, and Not-for-Profit Organizations. Discussions also include updates on the AcSB’s current projects and its many activities.

November 23, 2018

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In Brief – IFRS 16 Leases

The effective date for the new Leases standard is just around the corner. Learn about the impact this new standard may have on lessees and lessors.

July 12, 2018

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Change to Part I for IFRS 17 Insurance Contracts – AcSB Due Process – Endorsement Activities

Get an overview of endorsement activities we carried out before incorporating IFRS 17 into Part I of the Handbook. Given the complexity of IFRS 17 and the change it represents for Canadians, we performed extensive additional outreach activities. The Appendix to the summary lists these activities, all of which were influential in the development of the final standard.

April 20, 2018

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New! AcSB Standard-setting Due Process Manual

Our revised due process manual provides you a clear explanation of our IFRS® Standards endorsement and domestic standard-setting activities. We use plain language, simplified content, and visuals, to ensure the rigorous set of procedures we undertake to set standards is easy for you to understand.

March 29, 2018

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2017 Changes to Part I – AcSB Due Process – Endorsement Activities

How do new or amended IFRS® Standards make their way into the CPA Canada Handbook – Accounting? Find out via this summary – an overview of the due process activities we carried out in support of changes made to Part I of the Handbook last year.

August 15, 2017

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IFRS Discussion Group – Did you know?

The Group’s database has over 15 topics on IFRS 9, IFRS 15 and IFRS 16. Read and listen to recently added topics like modifications or exchanges of financial liabilities, seller’s right to variable consideration in an asset sale, and easements.