Accounting Standards for Private Sector Not-for-Profit Organizations

Overview

Active Projects

Contributions – Revenue Recognition and Related Matters

The AcSB is gathering input to help develop a new exposure draft

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 is researching issues with Section 1000, Financial Statement Concepts, and Section 1001, Financial Statement Concepts for Not-for-Profit Organizations in Parts II and III of the CPA Canada Handbook – Accounting, respectively, to identify potential areas for improvement

Improvements to Section 4450 Reporting Controlled and Related Entities by Not-for-Profit Organizations

In March 2024, the AcSB approved a project to make improvements to Section 4450

Insurance Contracts with Cash Surrender Value

The AcSB is currently deliberating feedback on the Exposure Draft

View Comments

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.

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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!

Keep up to date with Part II

News

September 4, 2024 Resource, News

What You Need to Know about Financial Statement Concepts

The AcSB is undertaking a project to improve Financial Statement Concepts in Parts II and III of the CPA Canada Handbook – Accounting. Learn how this initiative can benefit both preparers and practitioners in practice, as well as the Board in standard-setting.

May 14, 2024 News, Resource

Contributions – Revenue Recognition and Related Matters Exposure Draft Feedback Statement

Read the feedback statement for AcSB's 2023 Exposure Draft, “Contributions – Revenue Recognition and Related Matters” to learn how your feedback has shaped the future direction of the Contributions project.

June 19, 2023 News

Government Not-for-Profits take note! AcSB Contributions Exposure Draft now out for comment

PSAB will soon initiate a project to review its standards on Contributions – part of our Government Not-for-Profit (GNFP) Strategy implementation plan. Did you know that the Accounting Standards Board (AcSB) currently has its Exposure Draft, “Contributions – Revenue Recognition and Related Matters” out for public comment? GNFPs interested in providing feedback have until September 30, 2023 to weigh in.