Section 1510 - Current assets and current liabilities
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Effective date: |
January 1, 2011 |
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Published by the AcSB: |
December 2009 |
Overview
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
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Date |
Development |
Comments |
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December 2009 |
Part II of the CPA Canada Handbook issued |
Effective for fiscal years beginning on or after January 1, 2011. |
| April 2021
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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
