2012-01-12 FYI Accounting Standards - Special Edition 2011

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The Accounting Standards Board ("AcSB") and staff of the CICA periodically publish a report outlining the status of current projects and related activities.

This 2011 Special Edition includes the following topics:

Message from the Chair

Matters to Be Considered — 2011 and 2012 Fiscal Years

• A Final Reminder — Adoption of Accounting Standards for Private Enterprises
• Adoption of a New Accounting Framework for Not-for-Profit Organizations

Recent Changes

• International Financial Reporting Standards
  • Presenting … Other Comprehensive Income!
  • Fair Value: Taking Extra Measures
  • Employee Benefits: Presenting the True Promise
  • Derecognition Disclosures: Upfront and Centre
  • Mine Stripping Costs: Capitalize or Expense?
• Standards for Private Enterprises, NFPOs and Pension Plans
  • Annual Improvements
  • Pension Plans: Enhancing the Toolkit

Current Activities

• International Financial Reporting Standards
  • The IASB's Future Work Plan
  • IFRS Discussion Group: Reflecting on Past Meetings
  • IFRS Discussion Group: Coming Up in January
  • Interpreting IFRSs: Change Is in the Air
• Standards for Private Enterprises, NFPOs and Pension Plans
  • Employee Future Benefits: Abolishing smoothing!

Document for Comment Deadlines

Archived Webinars

Changes to IFRSs

A PDF version of the report is attached. This information may be useful for audit committee reports and discussions with management on proposed accounting standards.