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Section 3463 - Reporting employee future benefits by not-for-profit organizations

Effective date:

January 1, 2014

Published by the AcSB:

December 2013

Reach out to our Section 3463 Specialist

Diana De Acetis


This Section prescribes the accounting treatment for employee future benefits provided by a not-for-profit organization. A not-for-profit organization is required to account for employee future benefits in accordance with Section 3462 Employee Future Benefits, in Part II of the Handbook, except as otherwise provided in this Section. This Section requires that a not-for-profit organization recognize "remeasurements and other items" directly in net assets in the statement of financial position rather than in the statement of operations, with no reclassification of such amounts to the statement of operations in a subsequent period.

History of Section 3463




December 2013

This new Section provides guidance for defined benefit plans on the recognition and presentation of remeasurements and other items that differs from the guidance in Section 3462 Employee future benefits in Part II of the Handbook.  The requirements in Section 3462 apply in all other respects.

Effective for fiscal years beginning on or after January 1, 2014. Earlier application permitted but only for all benefit plans.

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

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.