Resources

Do you have questions about the effect of COVID-19 on the impairment of goodwill and intangible assets with an indefinite life? Read this resource to support you when preparing your financial statements in accordance with ASPE.

The COVID-19 pandemic has contributed to both an entities’ operating and forecasted losses. Read this easy-to-understand resource to help you consider if these changes indicate that long-lived assets are impaired in accordance with ASPE.

Do you have questions about whether the implications of COVID-19 need to be adjusted or disclosed on your private enterprise financial statements? Read this resource on subsequent events to support you when preparing your financial statements.

To keep their businesses afloat, enterprises with reduced revenue and, in some cases, higher operating costs are working with their lenders to change terms of existing debt agreements or to obtain waivers for debt covenants. Borrowers applying ASPE should closely examine changes to their debt agreements to assess whether they are subject to modification or extinguishment accounting. Read this helpful resource to learn more. 

Most private enterprises, unless they are an essential service, are likely in a situation where they’ve had a significant drop in their operations or are closed. This may call into question their long-term viability or ability to continue as a going concern. So what the implications of COVID-19 on the going concern or liquidity risk assessment on your private enterprise financial statements? Read this resource for more information.

Hear Armand Capisciolto, Vice-Chair of the Accounting Standard Board, discuss implementation questions on the application of the amendments to Section 3856, Financial Instruments.

Are you a Canadian private enterprise, an advisor to one, or a user of private enterprises’ financial reports? Interested in the amendments to the accounting for retractable or mandatorily redeemable shares and other financial instruments? Watch an on-demand webinar on this topic, jointly presented with CPA Canada.

Read this summary for an overview of the type of guidance in the Framework and to learn why all parities in financial reporting need get involved!