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Section 3061 - Property, plant and equipment

Effective date:

January 1, 2011 except for subsequent amendments

Published by the AcSB:

December 2009


This Section establishes standards for the recognition, measurement, presentation and disclosure of property, plant and equipment (tangible capital assets). This Section also applies to property, plant and equipment recognized under Section 3065 Leases.

History of Section 3061




December 2009

Part II of the CPA Canada Handbook  issued

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

October 2015

Annual improvements

Paragraphs 3061.25-.26 have been amended to remove disclosing "an item of" property, plant and equipment from those requirements. Effective for fiscal years beginning on or after January 1, 2016. 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

  • September 16, 2014 - Annual Improvements 2015: Disclosure of Amortization of Property, Plant and Equipment

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.