Start date:
End date:
Location: Toronto
On January 24, 2019, the Accounting Standards Board (AcSB) released an executive summary of discussions and decisions with respect to the topics addressed at this meeting.
The following topics were discussed:
Standards for Private Enterprises and Not-for-Profit Organizations
Standards for Private Enterprises
Review the Executive Summary on the AcSB's Web site.
At its meeting on January 15, 2019, the AcSB continued its discussion on the scope of transactions subject to the proposed guidance. The AcSB discussed some transactions between entities within the scope of Part III of the Handbook that would meet the criteria for accounting for the combination as a merger. The Board will discuss the accounting requirements for transactions to be considered a merger at its March 2019 meeting. The AcSB also directed staff to consider a research project on combinations that occur between enterprises within the scope of Part II of the Handbook.
At its meeting on January 15, 2019, the AcSB continued its discussion on the scope of transactions subject to the proposed guidance. The AcSB discussed some transactions between entities within the scope of Part III of the Handbook that would meet the criteria for accounting for the combination as a merger. The Board will discuss the accounting requirements for transactions to be considered a merger at its March 2019 meeting. The AcSB also directed staff to consider a research project on combinations that occur between enterprises within the scope of Part II of the Handbook.
Review the Executive Summary on the AcSB's Web site.
At its meeting on January 15, 2019, the AcSB continued discussing the proposals to address stakeholders’ issues about insufficient guidance in Section 3400, Revenue. The Board discussed an updated draft of the proposed guidance, transitional provisions, and the proposed effective date of the amendments. The AcSB also considered a communication plan for a forthcoming exposure draft and decided on its outreach activities with stakeholders. The AcSB directed staff to begin the balloting process for the proposals. The AcSB plans to issue the exposure draft no later than the second quarter of 2019.
At its meeting on January 15, 2019, the AcSB continued discussing the proposals to address stakeholders’ issues about insufficient guidance in Section 3400, Revenue. The Board discussed an updated draft of the proposed guidance, transitional provisions, and the proposed effective date of the amendments. The AcSB also considered a communication plan for a forthcoming exposure draft and decided on its outreach activities with stakeholders. The AcSB directed staff to begin the balloting process for the proposals. The AcSB plans to issue the exposure draft no later than the second quarter of 2019.
Review the Executive Summary on the AcSB's Web site.