Accounting

Selected publications from CPA Canada on a variety of topics

Related Publications

In Brief –Contributions – Revenue Recognition and Related Matters

Apr 06, 2023

Overview of the proposals aimed to improve financial reporting by not-for-profit organizations by creating guidance that will result in financial statements that are less complex and more comparable for financial statement users.

Section 3041, Agriculture – How to apply the disclosure requirements for the net realizable value model

Mar 22, 2023

In November 2019, the Accounting Standards Board (AcSB) issued Section 3041, Agriculture in Part II of the CPA Canada Handbook – Accounting. Section 3041 is a new standard for agricultural producers in accounting for agricultural inventories and productive biological assets. This standard is effective for fiscal years beginning on or after January 1, 2022.For agricultural inventories, the standard provides an accounting policy choice to measure using either the cost model, or the net realizable value model when certain conditions are met. If you are an agricultural producer who will be using the net realizable value model to measure your agricultural inventories, read this easy-to-understand resource to support your financial statement preparation process.

Section 3041, Agriculture – How to apply the disclosure requirements for the net realizable value model

Mar 22, 2023

Quarterly Accounting Roundup: Third Quarter 2022 Image

Quarterly Accounting Roundup — First Quarter — 2023

Mar 21, 2023

This edition discusses financial reporting developments that occurred in the first quarter of 2023.

Technology Industry Accounting Guide Image

Technology Industry Accounting Guide (2023)

Mar 14, 2023

The 2023 inaugural edition of Deloitte’s Technology Industry Accounting Guide addresses topics of relevance to finance and accounting professionals in the technology industry, such as revenue recognition, software-related costs, acquisitions and divestitures, consolidation, stock-based compensation, leases, financial instruments, income taxes, digital assets, initial public offerings, and disclosures of non-GAAP measures and metrics. To help technology entities work through some of the more difficult accounting and financial reporting issues related to these and other relevant topics, this Guide includes interpretive guidance, illustrative examples, and discussion of recent standard-setting developments (through February 28, 2023).

Life Sciences Industry Accounting Guide Image

Life Sciences Industry Accounting Guide (March 2023)

Mar 10, 2023

The 2023 edition of Deloitte’s Life Sciences Industry Accounting Guide.

Audit committees’ role in fighting fraud – Recommendations

Nov 29, 2022

Mitigating fraud risks requires the full collaboration of the whole corporate governance ecosystem. This publication examines how audit committees, with other key corporate governance and reporting actors such as the board, management, auditors and policymakers can help tackle corporate reporting fraud. It also aims to inform policymakers in the context of the European Commission’s ongoing initiative on corporate reporting.

FASB Tentatively Decides on Fair Value Measurement for Crypto Assets

Oct 18, 2022

At its October 12, 2022, meeting, the FASB continued deliberating its project on the accounting for and disclosure of crypto assets and reached several decisions. Specifically, the Board tentatively decided to: Require all public and private entities to initially measure crypto assets at fair value in accordance with ASC 820. Subsequent changes in fair value would be recognized in earnings; not provide any measurement alternatives for situations in which a crypto asset does not have a quoted price in active markets; require entities to expense as incurred commissions and other transaction costs related to the acquisition of crypto assets unless industry-specific guidance stipulates otherwise.

Global Priorities for Professional Accountants in Business and the Public Sector

May 27, 2022

Professional accountants must think disruptively to help their organizations respond to unprecedented challenges and uncertainty. Driving sustainability and creating value requires pushing boundaries. The report summarizes the key insights and learnings from the discussions amongst a global group of business and finance leaders, drawing from their diverse experiences and expertise.

Identifying and mitigating bias and mis- and disinformation

Feb 10, 2022

Identifying and mitigating bias and mis- and disinformation continues our series of papers on Trust and Ethics. In this paper we turn our attention to the challenges that unreliable information creates for the accounting profession. Drawing on information from thought leaders and real-life examples, the paper provides insights on how accounting professionals can ensure they are making sound decisions based on sound data.

Technology is a double-edged sword with both opportunities and challenges for the accountancy profession

Dec 13, 2021

The publication examines the impact of rapid technological change and the importance of ethical leadership from the lens of the professional accountant. It also provides practical guidance to both professional accountants and professional accountancy organizations.

ISS: 2022 proxy season recommendations

Dec 07, 2021

On December 7, Institutional Shareholder Services (ISS) published its 2022 ISS Benchmark Policy Updates (Executive Summary). The proxy voting updates will take effect for meetings held on or after February 1, 2022, unless otherwise noted.

Correction list for hyphenation

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Accounting

Related Publications

In Brief –Contributions – Revenue Recognition and Related Matters

Section 3041, Agriculture – How to apply the disclosure requirements for the net realizable value model

Section 3041, Agriculture – How to apply the disclosure requirements for the net realizable value model

Quarterly Accounting Roundup — First Quarter — 2023

Technology Industry Accounting Guide (2023)

Life Sciences Industry Accounting Guide (March 2023)

Audit committees’ role in fighting fraud – Recommendations

FASB Tentatively Decides on Fair Value Measurement for Crypto Assets

Global Priorities for Professional Accountants in Business and the Public Sector

Identifying and mitigating bias and mis- and disinformation

Technology is a double-edged sword with both opportunities and challenges for the accountancy profession

ISS: 2022 proxy season recommendations

Correction list for hyphenation