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AcSB Exposure Draft – Investments

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Sep 07, 2018

On September 7, 2018, the Accounting Standards Board (AcSB) issued an Exposure Draft to clarify the applicability of the cost-method guidance in Section 3051, "Investments". Stakeholders are encouraged to submit their comments by December 5, 2018.

The key features of the proposals are as follows:

  • Cost method: Guidance on how to apply the cost method in Section 3051 would also apply to interests in jointly controlled enterprises.
  • Transition: Retrospective application of the amendments to paragraph 3051.07A would be required in accordance with Section 1506, Accounting Changes.

The proposed effective date is fiscal years beginning on or after January 1, 2020.

Review the Exposure Draft on the AcSB's website.

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