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Accounting Standards for Private Enterprises

Agriculture

Summary

Currently, there is a significant diversity in practice regarding the accounting for biological assets.

Staff Contact(s)

Davina Tam, CPA, CA Principal, Accounting Standards Board

Phone number  +1 416 204 3514
Email address  [email protected]
Katherine Knowlton, CPA, CA Associate Director, Accounting Standards Board

Phone number  +1 416 204 3332
Email address  [email protected]

Project Status

  • Information gathering

    Completed prior to March 2012

  • Approving project

    The AcSB approved a research project in March 2012

    A standards-level project was approved in December 2016

  • Engaging Communities

    Discussion Paper issued December 2015

    Public outreach took place December 2015–January 2017

    Exposure Draft issued in July 2018

    Public outreach took place July 2016–November 2018

  • Deliberating feedback

    The AcSB has deliberated feedback on its Exposure Draft

  • Final pronouncement

    The final amendments were issued in the CPA Canada Handbook – Accounting in November 2019

Implementation

Read CPA Canada’s briefing detailing the new Standard and what factors to consider when applying it.

Read now