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

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.