Accounting Standards for Private Sector Not-for-Profit Organizations


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

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!


May 8, 2019 News
Private Sector NFPOs take note! PSAB’s Government Not-for-Profit Consultation Paper Released

PSAB has issued its Government Not-for-Profit Consultation Paper, open for comment until September 30, 2019. The AcSB encourages our private sector NFPO stakeholders to review this paper and respond as it may be relevant to you.

May 1, 2019 News
Playing a Leadership Role – AcSB 2018-2019 Annual Report

Supporting IFRS® Standards implementation to advance Part II and Part III projects, and to enhance the relevance of financial information for all entities – we played a leadership role to help achieve our goals. Read about the AcSB’s 2018-2019 activities and accomplishments in this year’s Annual Report.

April 29, 2019 News
Employee Future Benefits – Use of a Funding Valuation – Stabilization Provision

The AcSB approved a new project to clarify its intent regarding the use of the funding valuation in measuring the defined benefit obligation in relation to Quebec’s Stabilization Provision. The AcSB plans to issue an exposure draft no later than the third quarter of 2019 in response to stakeholder feedback about diversity arising in practice on accounting for changes in pension legislation.