Category Archives: Accounting Standards Board

AcSB Decision Summary – April 20, 2017

Virtual Roundtable Discussions

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)

Virtual Roundtable Discussions

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

Virtual Roundtable Discussions

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

Virtual Roundtable Discussions

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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Should I pay my life insurance premiums annually or monthly?

You have made the decision to buy a new insurance policy or add to your existing portfolio, which isn’t always the easiest of processes. One of the decisions you’ll now have to make, after finally deciding on how much coverage and what provider to place your business with, is when are you going to pay your insurance premiums. Annual and

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AcSB Decision Summary – December 15, 2016

Virtual Roundtable Discussions

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

Virtual Roundtable Discussions

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)

Virtual Roundtable Discussions

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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AcSB Meeting Agenda – September 21-22, 2016

Virtual Roundtable Discussions

The topics the Accounting Standards Board (AcSB) plans to discuss, in addition to routine updates, and anticipated actions, if any, are outlined below. Although current at the date prepared (August 29, 2016), this agenda is subject to change. International Financial Reporting Standards Accounting Standards Advisory Forum (ASAF) Gather input from the AcSB on topics to be covered at ASAF’s September

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