Category Archives: Accounting Standards Board

AcSB Response – Financial Instruments with Characteristics of Equity

On January 15, 2019, the AcSB responded to the International Accounting Standards Board’s (IASB) Discussion Paper, “Financial Instruments with Characteristics of Equity”, which seeks to address the current application challenges with IAS 32 Financial Instruments: Presentation. Read our letter to understand the matters we raised to the IASB for further consideration. Read now Visit TheGAAP.net daily to be kept up

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Drop Perfect and Go For Done

Overcoming Perfectionism. How? Drop Perfect and Go for Done. It sounds too simple, doesn’t it? Keep reading. Jon Acuff’s book, Finish: Give Yourself The Gift of Done, is based on studies conducted by a university researcher studying hundreds of participants in his online course. The course was specifically designed to help people work on their goals. In reading his book,

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Reporting Performance Measures

The AcSB issued a revised Framework for managers, directors and users. Join this initiative to help improve the quality of financial and non-financial performance measures reported by leveraging the Framework. As reported by The Standard. Find out more Visit TheGAAP.net daily to be kept up to date on accounting information, trends and changes.   For years, TheGAAP.net has provided Accounting;

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Video – Linda Mezon launches the Draft Framework for Reporting Performance Measures

On June 14, 2018, the AcSB’s Draft Framework for Reporting Performance Measures was released; as reported by the Standard. Watch this video to hear Linda Mezon’s presentation that launched this initiative, which took place at the 2018 FEI Canada Annual Conference. Watch now! Visit TheGAAP.net daily to be kept up to date on accounting information, trends and changes.   For

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Job Opportunity – Principal, Accounting Standards

CPA Canada is seeking an individual to join the accounting standards team to develop accounting and financial reporting standards for public companies, private enterprises, not-for-profit organizations and pension plans in Canada. As reported by The Standard. You will be a member of a highly skilled, energetic and committed team of professionals to advise and carry out the plans of the

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Request for Issues – IFRS Discussion Group

Submit an Issue to the IFRS Discussion Group As reported by The Standard. Members of the public are encouraged to submit issues for possible consideration by the Accounting Standard Board (AcSB) IFRS Discussion Group. For an issue to be considered for a meeting, it must be submitted, in writing, six weeks prior to an upcoming meeting. If a submission is

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AcSB Decision Summary – April 20, 2017

An executive summary of discussions and decisions with respect to the topics addressed at this meeting. As reported by The Standard. This summary of Accounting Standards Board (AcSB) decisions has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussion on projects, which may change after further deliberations by the AcSB. Decisions

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AcSB Exposure Draft – Prepayment Features with Negative Compensation (Proposed amendments to IFRS 9)

The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. As reported by The Standard. Stakeholders are encouraged to submit their comments by May 24, 2017. Respondents are asked to email their comment letters (in a Word file) to: ed.accounting@cpacanada.ca. Please address your comments to: Rebecca Villmann, CPA, CA,  CPA (Illinois) Director, Accounting

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AcSB Decision Summary – March 21-22, 2017

An executive summary of discussions and decisions with respect to the topics addressed at this meeting. As reported by The Standard. International Financial Reporting Standards Annual Improvements 2015-2017 The AcSB discussed and approved its response letter to the IASB’s Exposure Draft, “Annual Improvements to IFRS Standards 2015-2017 Cycle,” subject to drafting changes. IFRS Financial Statement Users The AcSB discussed the

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AcSB Due Process Activities – 2016 Changes to Part I

IFRS update

This document summarizes the due process activities the AcSB undertook in support of the changes made to Part I of the Handbook during 2016. Foreword During 2016, the Accounting Standards Board (AcSB) approved and incorporated into Part I of the CPA Canada Handbook – Accounting, new or amended International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board

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