Section 1510 - Current assets and current liabilities

Effective date:

January 1, 2011

Published by the AcSB:

December 2009


This Section establishes presentation and disclosure standards for current assets and current liabilities. Other Sections provide additional presentation and disclosure requirements for specific current assets and liabilities.

History of Section 1510




December 2009

Part II of the CPA Canada Handbook  issued

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

April 2021


2021 Annual improvements

This Section has been amended to provide an option to present amounts owing on loans from directors, officers and shareholders, and amounts owing to parent and other affiliated companies, whether on account of a loan or otherwise, in aggregate with the amounts disclosed separately in the notes to the financial statements or supporting schedules. The amendment is effective for annual financial statements relating to fiscal years beginning on or after January 1, 2022. Earlier application is 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

  • November 7, 2017 - Items to Address but Considered to Be Outside the Scope of the Annual Improvements: Disclosure of Government Remittances

Amendment under consideration

  • None

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.