Category Archives: Accounting Standards Board

Request for Issues – IFRS Discussion Group

IFRS

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

Accounting Standards Board

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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IASB Discussion Paper – Disclosure Initiative—Principles of Disclosure

capture

The IASB has issued a Discussion Paper that suggests principles to make disclosures in financial statements more effective. Canadian stakeholders are encouraged to provide feedback directly to the IASB by October 2, 2017. As reported by The Standard. Comments to be received by 2 October 2017 Take action  Visit TheGAAP.net daily to be kept up to date on accounting information,

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

Accounting Standards Board

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

Accounting Standards Board

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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Accounting standards board (AcSB): Spring 2017 update – Free webinar – 1 CPD

Accounting Standards Board

Do you represent or advise a Canadian private enterprise, or are you a user of private enterprises’ financial reports? Get to know the latest financial reporting developments that may change your financial statements. Tune in to this webinar on May 9, 2017 (English) or May 10, 2017 (French) to get the latest updates on the AcSB’s projects for Redeemable Preferred

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AcSB Decision Summary – December 15, 2016

Accounting Standards Board

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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DON’T FORGET! AcSB Exposure Draft – 2017 Annual Improvements to Accounting Standards for Private Enterprises

Accounting Standards Board

The AcSB has issued an Exposure Draft proposing amendments that will affect private enterprises and not-for-profit organizations. Stakeholders are encouraged to submit their comments by December 15, 2016. As reported by The Standard. OMMENTS TO THE AcSB MUST BE RECEIVED BY DECEMBER 15, 2016 Respondents are asked to email their comment letters (in a Word file) to: ed.accounting@cpacanada.ca  Please address

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DON’T FORGET! Webinar – AcSB Update (Fall 2016)

Accounting Standards Board

Tune in to this webinar on November 7, 2016 (English) or November 14, 2016 (French) to get the latest updates from the AcSB on their current projects and a general update on developments in financial reporting. Are you a Canadian entity, an advisor to one, or a user of their financial statements? Then you need to be up-to-date with the

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