Section 1000 - Financial statement concepts

Effective date:

January 1, 2011

Published by the AcSB:

December 2009


This Section describes the concepts underlying the development and use of accounting principles in general purpose financial statements (hereafter referred to as financial statements). Such financial statements are designed to meet the common information needs of external users of financial information about an entity.

History of Section 1000




December 2009

Part II of the CPA Canada Handbook  issued

Effective for fiscal years beginning on or after January 1, 2011. Earlier application permitted.

Note: The above summary does not include details of consequential amendments made as the result of other projects.

Private Enterprise Advisory Committee Meeting Notes

  • December 1, 2016 - use of Section 1000, Financial Statement Concepts, in practice, and the situations in which stakeholders refer to this Section

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.