Effects of COVID-19 on the Financial Statements of Private Enterprises
May 13, 2020
On May 13, 2020, the Accounting Standards Board (AcSB) released a publication on how the COVID-19 pandemic has had a significant economic impact on Canadian businesses, including private enterprises applying ASPE.
This resource highlights topics that may be relevant for private enterprises to consider when preparing financial statements in accordance with Part II of the CPA Canada Handbook – Accounting.
Review the publication on the AcSB's website.
Related Topics
- Section 3031 - Inventories
- Section 3051 - Investments
- Section 3061 - Property, plant and equipment
- Section 3063, Impairment of long-lived assets
- Section 3064, Goodwill and intangible assets
- Section 3065, Leases
- Section 3400, Revenue
- Section 3465, Income taxes
- Section 3800 - Government assistance
- Section 3820 - Subsequent events
- Section 3856 - Financial instruments
- Section 1400, General standards of financial statement presentation
- Section 1510, Current assets and current liabilities