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Accounting Standards for Private Sector Not-for-Profit Organizations

Overview

Active Projects

Contributions – Revenue Recognition and Related Matters

The AcSB is currently deliberating feedback on the Exposure Draft

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Evaluating the Preface

AcSB is researching issues with the current Preface of the CPA Canada Handbook – Accounting to identify potential solutions

Financial Statement Concepts

The AcSB approved the project in March 2019.

Improvements to Section 4450 Reporting Controlled and Related Entities by Not-for-Profit Organizations
Insurance Contracts with Cash Surrender Value

The AcSB is currently deliberating feedback on the Exposure Draft

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Subsequent Measurement of Goodwill and Acquired Intangible Assets

The AcSB is conducting public outreach to inform exposure draft proposals

CPA Canada Handbook

CPA Canada Handbook – Accounting, Part III contains all the accounting standards for not-for-profit organizations, set by the AcSB. It's available in print and online. 

Get the Handbook

Follow Part II news

Some NFPOs may need to apply standards found in CPA Canada Handbook – Accounting, Part II. Don't forget to keep up with accounting standards for private enterprises!

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News

March 6, 2024 Meeting Summary, Webpage
Not-for-Profit Advisory Committee Notes – February 12, 2023

The Not-for-Profit Advisory Committee discussed Contributions, financial statement concepts, Revenue, guidance, and more. Read the meeting notes for full details.

January 18, 2024 Meeting Summary, Webpage
Not-for-Profit Advisory Committee Notes – December 14, 2023

The Committee discussed Contributions, Recognition of intangible assets and amortization of goodwill and more. Read the meeting notes for full details.

November 6-7, 2023 Webinar, Resource, Video
On-demand Webinar – Domestic Accounting Standards Update (Fall 2023)

Are you a Canadian private enterprise, not-for-profit organization, pension plan, an advisor to one, or a user of their financial statements? Watch our recorded webinar to learn about current projects and recent amendments in Parts II, III, and IV of the CPA Canada Handbook – Accounting, including topics such as Insurance Contracts with Cash Surrender Value, Scaling the Standards, Contributions, and Revenue – Upfront Non-Refundable Fees or Payments.