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Section 1100 - Generally accepted accounting principles

Effective date:

January 1, 2011

Published by the AcSB:

December 2009


This Section describes what constitutes generally accepted accounting principles for private enterprises reporting in accordance with Part II of the Handbook. This Section also provides guidance on sources to consult when selecting accounting policies and determining appropriate disclosures, when a matter is not dealt with explicitly in the primary sources of generally accepted accounting principles.

History of Section 1100






December 2009


Part II of the CPA Canada Handbook  issued


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

February 2011


Amendments to address certain inconsistencies.


Paragraph .19 has been deleted and paragraph .22 has been amended to remove references to Board-authorized implementation guidance because there is no such guidance for Part II of the Handbook. Effective for fiscal years beginning on or after January 1, 2011. Earlier application is permitted.

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

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.