NFPO Combinations – AcSB

Date recorded:

At its meeting on October 27, 2020, the AcSB completed its deliberations on stakeholder comments on the Exposure Draft “Combinations – Initial Measurements and Related Disclosures .” The Board considered the Not-for-Profit Advisory Committee’s advice, and tentatively decided: (i) that for acquisitions, the difference between consideration transferred and the net assets acquired is recognized in the statement of net assets instead of the statement of operations; and (ii) to clarify aspects of the illustrative examples. The AcSB also finalized the transition provisions. The AcSB approved the issuance of the final standard, subject to final drafting and a written ballot. The Board plans to issue the final standard in March 2021.

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

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.