Accounting Standards for Private Sector Not-for-Profit Organizations

Combinations – Initial Measurement and Related Disclosures

Summary

The Accounting Standards Board (AcSB) has approved a project to provide guidance on the initial measurement of a combination and its related disclosures.

The project will involve:

proposing criteria to determine whether a combination transaction is considered a merger or acquisition;
determining the accounting requirements for when the transaction is considered a merger, including the issues of recognition, measurement, and disclosure; and
considering any modifications needed to Section 1582 Business Combinations, for not-for-profit combination transactions that are considered an acquisition.

Staff Contact(s)

Mohamed Hassanali, CPA, CA Associate Director, Accounting Standards Board

+1 416 204 2967

[email protected]

Project Status

Information gathering

Completed prior to June 2018
Approving project

The AcSB approved this project in June 2018, and refined the scope in January 2019
Engaging Communities

Exposure Draft consultations conducted in February and March 2020

Exposure Draft closed for comment on May 15, 2020

Exposure Draft
Deliberating feedback

The AcSB is deliberating feedback on its Exposure Draft
Final pronouncement

Standard issued in the Handbook on March 1, 2021

Disclaimer

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal voting process.