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CPA Canada: ASPE briefing: Accounting for investments (sections 1591, 3051, and 3056)

Published on: May 31, 2016

Accounting for investments can be complex because many different types of investments
exist and many different policy choices are available within ASPE for use when accounting
for such investments. This ASPE Briefing is primarily designed to assist in the application
of the following new and amended Sections in ASPE:

  1. Section 1591, Subsidiaries (new: replaces Section 1590, Subsidiaries and Accounting Guideline 15 (AcG-15), Consolidation of Variable Interest Entities)
  2. Section 3051, Investments (amended)
  3. Section 3056, Interests in Joint Arrangements (new: replaces Section 3055, Interests in Joint Ventures)

Further, this ASPE Briefing will also revisit some of the existing application issues that are not new but may be applied for the first time (e.g., application of the equity method). This ASPE Briefing will:

  • provide explanations on hot topics or complex areas within the standards
  • answer frequently asked questions (FAQs)
  • provide illustrative examples


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