AcSB Exposure Draft: Revenue – Upfront Non-refundable Fees or Payments

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Jun 30, 2022

On June 30, 2022, the Accounting Standards Board (AcSB) is­sued an Ex­po­sure Draft, Revenue – Upfront Non-refundable Fees or Payments, which proposes amendments to Section 3400, Revenue, in Part II of the CPA Canada Handbook. The amendments would also apply to not-for-profit organizations (NFPOs) applying the standards in Part III of the Handbook, as relevant. Com­ments are re­quested by August 15, 2022.

The proposed amendments would defer the effective date for upfront non-refundable fees or payments application guidance from fiscal years beginning on or after January 1, 2022, to fiscal years beginning on or after January 1, 2025.

Re­view the fol­low­ing on the AcSB's web­site:

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