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