Handbook Update – Revenue – Upfront Non-refundable Fees or Payments
Nov 15, 2022
On November 15, 2022, the Accounting Standards Board (AcSB) issued an amendment to Section 3400, "Revenue", to defer the effective date for previously issued amendments relating to upfront non-refundable fees or payments from fiscal years beginning on or after January 1, 2022, to fiscal years beginning on or after January 1, 2025. Earlier application is permitted.
Review the amendments on the CPA Canada's website.
