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Accounting Standards for Not-for-Profit Organizations

By Jeffrey Sherman, MBA, FCPA, FCA | 3 Minutes Read July 3, 2012

New rules for financial reporting by not-for-profit organizations

The financial reporting standards that must be used by not-for-profit organizations are determined in Canada by the Accounting Standards Board and the Public Sector Accounting Board. New rules for accounting standards for not-for-profit organizations are effective January 1, 2012.

Article by Jeffrey Sherman, MBA, FCPA, FCA / Finance and Accounting, Not for Profit / accounting standards, Accounting Standards Board, Accounting Standards for Not-for-Profit Organizations, Accounting Standards for Private Enterprises, CICA Handbook, CICA Public Sector Accounting Handbook, development costs, financial reporting standards, government control, government NFP, government not-for-profit organization, private sector NFP, private sector not-for-profit organization, Public Sector Accounting Board

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