2011-04-05 Closing the GAAP: New Canadian GAAP Pronouncements (Includes developments to March 31, 2011)
This Newsletter presents a summary of new Canadian GAAP pronouncements in Part II, III, and IV of the CICA Handbook relevant to financial statements prepared in accordance with Canadian GAAP (includes developments to March 31, 2011).
The attached memorandum summarizes Canadian GAAP pronouncements that must be applied, if applicable, for the first time to a company with a calendar year-end that is preparing financial statements in accordance with Canadian GAAP. This newsletter sets out new requirements by the calendar year in which they are first effective. Developments relate to Canadian GAAP as set out in the following parts of the CICA Handbook:
- Part II - Private Enterprises
- Part III - Not-for-profit Organizations
- Part IV - Pension Plans
This ACS Newsletter supersedes the information in previous Newsletter 2011-01-11 Closing the GAAP: New Canadian GAAP Pronouncements (Developments to December 31, 2010) and is updated quarterly.
While we have attempted to make this Newsletter as complete as possible, it may not include all changes or modifications to existing authoritative literature that may affect a particular enterprise.
- Michael Walke
-
Michael Walke, CA
Partner
Mississauga, Ontario
Experience
- Accounting Consulting
- Manufacturing
- Real Estate
- Partner
- Tel: +1 416 815 5011
- Michael A. Tambosso
- Tel: +1 416 941 8388
- Fax: +1 416 814 3220
- For an indepth analysis of the most notable financial reporting developments, read our bi-annual review, Financial Reporting Release.
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