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Published on: Jan 13, 2020

Note: The Accounting Standards Board recently announced that due to the COVID-19 pandemic, they are deferring the effective dates of all previously announced amendments to ASPE by one year (April 2020)


An Lam
Senior Manager, Audit
(416) 874-4386

In this webcast, we provide a summary of amendments to the revenue standard that are effective for annual periods beginning on or after January 1, 2021.   We outline the key changes in the 5 topics addressed by the changes (percentage of completion method, multiple-element arrangements, reporting revenue gross versus net, bill and hold sales, and upfront non-refundable fees/payments) and highlight areas where the amendments are most likely to result in a change in practice.

English and French presentations available for download.


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