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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.

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.