Accounting Standards Improvements for NFPOs - AcSB

Date recorded:

At its meeting on October 13, 2016, the AcSB completed its deliberations of the feedback received from the fatal flaw review of the upcoming exposure draft. The AcSB decided to clarify its proposals including those on how to account for gains and losses on proceeds of disposal of items from collections. The AcSB expects to issue the exposure draft in the first quarter of 2017.

Review the Executive Summary on the AcSB's Web site.

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