Section 1101 - Generally accepted accounting principles for not-for-profit organizations

Effective date:

January 1, 2012

Published by the AcSB:

December 2010


This Section describes what constitutes generally accepted accounting principles for not-for-profit organizations reporting in accordance with Part III of the Handbook. This Section also provides guidance on sources to consult when selecting accounting policies and determining appropriate disclosures, when a matter is not dealt with explicitly in the primary sources of generally accepted accounting principles.

History of Section 1101




December 2010

Part III of the CPA Canada Handbook  issued

Effective for fiscal years beginning on or after January 1, 2012. Earlier application permitted.

February 2011

Clarifying amendment

Paragraph .20 has been deleted and paragraph .23 has been amended to remove references to Board-authorized implementation guidance because there is no such guidance for Part III of the Handbook.

Note: The above summary does not include details of consequential amendments made as the result of other projects.

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