Accounting Standards for Private Sector Not-for-Profit Organizations

Overview

Active Projects

Combinations – Initial Measurement and Related Disclosures

Continued consultation with the Not-for-Profit Advisory Committee and key stakeholders

Contributions – Revenue Recognition and Related Matters

Public outreach has occurred since June 2013 and is continuing

Consultation with the AcSB’s Not-for-Profit Advisory Committee began in January 2016 and is continuing

The AcSB is developing a Consultation Paper that is expected to be issued in May 2020

Financial Statement Concepts

The AcSB approved the project in March 2019.

CPA Canada Handbook

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

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!

News


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.

October 10, 2019 Meeting Summary
AcSB Decision Summary – October 10, 2019

The Board discussed a number of topics, including IFRS® Standards, Combinations, and due process, among others.

October 3, 2019 News
AcSB Meeting Agenda – October 10, 2019

At its upcoming meeting the Board will consider matters regarding IFRS® Standards and due process, among others.