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Part II — Accounting Standards for Private Enterprises (ASPE) | Deloitte CFR

ASPE

You can find more about each of the standards that form part of Part II - Accounting Standards for Private Enterprises (ASPE) by selecting the standard you are interested in from the following table or from the left navigation where we have categorized the standards into groupings based on their nature.

Title Description Effective Date
Section 3051 - Investments This Section establishes standards for (1) investments subject to significant influence; and (2) measuring and disclosing certain other non-financial instrument investments (such as works of art and other tangible assets held for investment purposes). Effective for fiscal years beginning on or after January 1, 2016.
Section 3056 - Interests in joint arrangements This Section establishes standards for investments in arrangements in which the investor has joint control. However, this Section does not deal with accounting by joint arrangements themselves. Effective for fiscal years beginning on or after January 1, 2016. Earlier application is permitted.
Section 3061 - Property, plant and equipment 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. Effective for fiscal years beginning on or after January 1, 2016.
Section 3063 - Impairment of long-lived assets This Section establishes standards for the recognition, measurement and disclosure of the impairment of long-lived assets. This Section applies to long-lived assets held for use. It does not deal with long-lived assets to be disposed of (see Section 3475, Disposal of long-lived assets and discontinued operations). Effective for fiscal years beginning on or after January 1, 2011.
Section 3064 - Goodwill and intangible assets This Section establishes standards for the recognition, measurement, presentation and disclosure of goodwill and intangible assets. Effective for fiscal years beginning on or after January 1, 2013.
Section 3065 - Leases This Section establishes standards for the accounting for lease transactions from the perspective of both the lessee and the lessor. Effective for annual financial statements relating to fiscal years beginning on or after January 1, 2018. Earlier application is permitted.
Section 3110 - Asset retirement obligations This Section establishes standards for the recognition, measurement and disclosure of liabilities for asset retirement obligations and the associated asset retirement costs. Effective for fiscal years beginning on or after January 1, 2011.
Section 3240 - Share capital This Section establishes standards for acquisition and redemption of shares and disclosure of share capital. Effective for fiscal years beginning on or after January 1, 2011.
Section 3251 - Equity This Section establishes standards for the presentation of equity and changes in equity during the reporting period. The requirements of this Section are in addition to those in Section 3240, Share capital, and Section 3260, Reserves. The amendments are effective for annual financial statements relating to fiscal years beginning on or after January 1, 2020. Earlier application is permitted.
Section 3260 - Reserves This Section establishes recognition and presentation standards in respect of accounting for reserves. Effective for fiscal years beginning on or after January 1, 2011.
Section 3280 - Contractual obligations This Section establishes disclosure standards in respect of contractual obligations. Effective for fiscal years beginning on or after January 1, 2011.
Section 3290 - Contingencies This Section establishes standards for the treatment of contingencies in financial statements. Effective for fiscal years beginning on or after January 1, 2011.
Section 3400 - Revenue This Section establishes standards for the timing of recognition of revenue in the financial statements of enterprises. It is concerned with the recognition of revenue arising in the course of the ordinary activities of an enterprise from the sale of goods, the rendering of services, and the use by others of enterprise resources yielding interest, royalties and dividends. It does not deal with the measurement of revenue, which is usually determined by agreement between the parties involved. Effective for fiscal years beginning on or after January 1, 2011.
Section 3462 - Employee future benefits This Section establishes standards for the recognition, measurement, and disclosure of the cost of employee future benefits. Effective for fiscal years beginning on or after January 1, 2016.
Section 3465 - Income taxes This Section establishes standards for the recognition, measurement, presentation and disclosure of income and refundable taxes in an enterprise's financial statements. Effective for fiscal years beginning on or after January 1, 2013.
Section 3475 - Disposal of long-lived assets and discontinued operations This Section establishes standards for the recognition, measurement, presentation and disclosure of the disposal of long-lived assets. It also establishes standards for the presentation and disclosure of discontinued operations, whether or not they include long-lived assets. Effective for fiscal years beginning on or after January 1, 2014.
Section 3610 - Capital transactions This Section establishes presentation standards for capital transactions. Effective for fiscal years beginning on or after January 1, 2011.
Section 3800 - Government assistance This Section establishes standards for accounting for government assistance. Effective for fiscal years beginning on or after January 1, 2011.
Section 3805 - Investment tax credits This Section establishes standards in respect of recognition of investment tax credits. Effective for fiscal years beginning on or after January 1, 2011
Section 3820 - Subsequent events This Section establishes recognition and disclosure standards for events subsequent to the financial statement date. Effective for fiscal years beginning on or after January 1, 2011.

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.