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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 3831 - Non-monetary transactions This Section establishes standards for the measurement and disclosure of non-monetary transactions. It defines when an exchange of assets is measured at fair value and when an exchange of assets is measured at the carrying amount. Effective for fiscal years beginning on or after January 1, 2016.
Section 3840 - Related party transactions This Section establishes standards for the measurement and disclosure of related party transactions in the financial statements. Effective for fiscal years beginning on or after January 1, 2011.
Section 3841 - Economic dependence This Section establishes disclosure standards for economic dependence and other significant volumes of business in the financial statements. Effective for fiscal years beginning on or after January 1, 2011. Earlier application permitted.
Section 3850 - Interest capitalized - disclosure considerations This Section deals with disclosure of the amount of interest capitalized. A number of enterprises have an accounting policy of capitalizing interest. Effective for fiscal years beginning on or after January 1, 2011
Section 3856 - Financial instruments This Section establishes principles for the financial reporting of financial assets and financial liabilities that will present relevant and useful information to users of financial statements for their assessment of the amounts, timing and uncertainty of an entity's future cash flows. The amendments are effective for annual financial statements relating to fiscal years beginning on or after January 1, 2020. Earlier application is permitted.
Section 3870 - Stock-based compensation and other stock-based payments This Section establishes standards for the recognition, measurement and disclosure of stock-based compensation and other stock-based payments made in exchange for goods and services. Effective for fiscal years beginning on or after January 1, 2011.
AcG-2 Franchise fee revenue This Accounting Guideline provides guidance on the recognition and disclosure of franchise fee revenue. Section 3400, Revenue, sets out the general principles governing recognition and disclosure of revenue Effective for fiscal years beginning on or after January 1, 2011.
AcG-14 Disclosure of guarantees This Guideline presents the views of the Accounting Standards Board on the financial statement disclosures to be made by a guarantor about its obligations under guarantees. The purpose of this Guideline is to improve the transparency of a guarantor's disclosures about the obligations and risks arising from issuing guarantees. Effective for fiscal years beginning on or after January 1, 2011.
AcG-15 Consolidation of variable interest entities This Guideline presents the views of the Accounting Standards Board on the application of consolidation principles to certain entities that are subject to control on a basis other than ownership of voting interests. Withdrawn and replaced by Section 1591, Subsidiaries, which applies to annual financial statements relating to fiscal years beginning on or after January 1, 2016.
AcG-16 Oil and gas accounting - full cost Canadian oil and gas companies account for exploration and development costs using either the "full cost" or "successful efforts" accounting method. This Guideline presents the views of the Accounting Standards Board on the application of the full cost method of accounting for oil and gas exploration, development and production activities. Effective for fiscal years beginning on or after January 1, 2011.
AcG-18 Investment companies This Guideline presents the views of the Accounting Standards Board on the measurement by an investment company of its investments, the determination of whether an enterprise is an investment company and when the parent company of, or equity method investor in, an investment company shall account for the investment company's investments in a manner consistent with the accounting by the investment company. Effective for fiscal years beginning on or after January 1, 2011.
AcG-19 Disclosures by entities subject to rate regulation This Guideline presents the views of the Accounting Standards Board on certain aspects of the disclosure and presentation of information in the financial statements of entities providing services or products for which customer rates are established, or subject to approval, by a regulator or a governing body empowered by statute or contract to set rates. 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.