AcSB In Brief in respect of its Exposure Draft, Contributions – Revenue Recognition and Related Matters

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Apr 06, 2023

On April 6, 2023, the Accounting Standards Board (AcSB) issued an In Brief document which provides a plain and simple overview of the AcSB’s Exposure Draft, “Contributions – Revenue Recognition and Related Matters”.

The Exposure Draft proposals aim to improve financial reporting by not-for-profit organizations by creating guidance that will result in financial statements that are less complex and more comparable for financial statement users.

Re­view the In Brief document on the AcsB’s website.

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