This site uses cookies to provide you with a more responsive and personalised service. By using this site you agree to our use of cookies. Please read our cookie notice (http://www2.deloitte.com/ca/en/legal/cookies.html) for more information on the cookies we use and how to delete or block them.
The full functionality of our site is not supported on your browser version, or you may have 'compatibility mode' selected. Please turn off compatibility mode, upgrade your browser to at least Internet Explorer 9, or try using another browser such as Google Chrome or Mozilla Firefox.

ASNPO standards effective in 2018 and beyond | Deloitte CFR

ASNPO

The following standards have been issued or amended on or after January 1, 2018:

Title Description Effective Date
Section 4441 - Collections held by not-for-profit organizations This Section requires all collections to be recorded on the statement of financial position at either cost or nominal value. Effective for annual financial statements relating to fiscal years beginning on or after January 1, 2019. Earlier application is permitted. Retrospective application of Section 4441 is required.
Section 4433 - Tangible capital assets held by not-for-profit organizations This Section provides guidance on contributed assets and write-downs of assets. Effective for annual financial statements relating to fiscal years beginning on or after January 1, 2019. Earlier application is permitted.
Section 4434 - Intangible assets held by not-for-profit organizations This Section provides guidance on contributed assets and write-downs of assets. Effective for annual financial statements relating to fiscal years beginning on or after January 1, 2019. Earlier application is permitted.
Section 1501 - First-time adoption by not-for-profit organizations Section 1501, First Time Adoption by Not-for-Profit Organizations, provides guidance on preparing the first set of financial statements under Part III of the Handbook - Accounting Standards for Not-For-Profit Organizations (ASNPO). Effective for fiscal years beginning on or after January 1, 2021. Earlier application permitted.
Section 3032 - Inventories held by not-for-profit organizations This Section prescribes the accounting treatment for inventories of a not-for-profit organization. Effective for fiscal years beginning on or after January 1, 2021. Earlier application permitted.

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.