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AcSB endorses Classification of Liabilities as Current or Non-Current (Amendments to IAS 1)

  • IFRS - AcSB Image

Apr 02, 2020

On April 2, 2020, the Accounting Standards Board (AcSB) announced that the amendments, which clarify how to classify liabilities as current or non-current, are now in Part I of the CPA Canada Handbook – Accounting, and are effective for annual reporting periods beginning on or after January 1, 2022. Earlier application is permitted.

Review the press release on the AcSB's website.

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