Section 1101 - Generally accepted accounting principles for not-for-profit organizations
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Effective date: |
January 1, 2012 |
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Published by the AcSB: |
December 2010 |
Overview
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
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Date |
Development |
Comments |
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December 2010 |
Part III of the CPA Canada Handbook issued |
Effective for fiscal years beginning on or after January 1, 2012. Earlier application permitted. |
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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.