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NFPO Combinations – Initial Measurement and Related Disclosures [Research]

Next steps:

The AcSB plans to issue an Exposure Draft in Q1/2020

Last updated:

October 2019

Overview

At its meeting on June 19, 2018, the AcSB approved a project to provide guidance on the initial measurement of a not-for-profit organization (NFPO) combination and the relevant disclosures.

The project will explore the accounting for combinations completed by:

  • NFPOs applying Part III of the CPA Canada Handbook – Accounting; and
  • to the extent transactions with similar characteristics exist, for-profit enterprises applying Part II of the Handbook.

The Board will consult its Not-for-Profit Advisory Committee, Private Enterprise Advisory Committee and other stakeholders that have completed combinations as part of developing the proposals. The Board tentatively plans to issue an Exposure Draft in the second half of 2019, pending finalization of the project’s scope.

 

Other developments

July 2019

In July 2019, the AcSB staff updated this project to note that the Board expects to issue an Exposure Draft in Q1/2020.

June 2018

At its meeting on June 19, 2018, the AcSB approved a project to provide guidance on the initial measurement of a combination and the relevant disclosures.

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