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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

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

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. 

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!