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Accounting Standards for Private Enterprises

Overview

Active Projects

Detailed Review of Accounting Standards for Private Enterprises

The AcSB expects to issue a consultation paper in early 2025

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.

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 II contains all the accounting standards for private enterprises, set by the AcSB. It's available in print and online.

Get the Handbook

News

November 15, 2023 News
Canadian Survey: Intangibles Research

The AcSB is undertaking research to get a better understanding on the types of intangibles that are gaining prevalence in the Canadian market and the information required by financial statement users. Complete the Intangibles survey to provide your feedback on potential areas of focus in this evolving area.

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. 

November 3, 2023 Document for Comment, News
AcSB Exposure Draft – Accounting for Life Insurance Contracts with Cash Surrender Value

The AcSB wants your feedback on its proposed accounting guideline, AcG-21 Accounting for Life Insurance Contracts with Cash Surrender Value. The proposed Accounting Guideline provides guidance on accounting for insurance contracts with cash surrender value from the policy owner’s point of view. Read our Exposure Draft and submit your comments by January 31, 2024.