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AcSB Exposure Draft – Combinations – Initial Measurement and Related Disclosures

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Jan 15, 2020

On January 15, 2020, the Accounting Standards Board (AcSB) released an Exposure Draft seeking feedback on its proposals to introduce new guidance on the accounting for a combination of not-for-profit organizations. These proposals apply to not-for-profit organizations applying the standards in Parts III of the CPA Canada Handbook – Accounting. Comments are requested by April 14, 2020.

The proposals in this Exposure Draft are as follows:

  • The scope of Section 4449 would include a combination involving two or more NFPOs that are unrelated parties or related parties.
  • The Section would include a set of criteria to determine when a combination is accounted for as a merger or as an acquisition.
  • The Section would include initial and subsequent measurement, presentation and disclosure guidance on how to account for a merger or acquisition.
  • The Section would apply on a prospective basis for combinations occurring on or after January 1, 2022 with early application permitted.

Review the press release and Exposure Draft on the ACSB's website.

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