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financial reporting standards

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

By Colin Braithwaite | 2 Minutes Read April 5, 2010

Exposure draft of new accounting standards for NPOs

Now that the financial reporting standards for public companies and private enterprises have been settled, the Accounting Standards Board is turning its attention to not-for-profits. The board's objective is to ensure that accounting standards for not-for-profit organizations "are responsive to the diverse nature of the sector, allow for comparability between the private and public sectors and provide decision-useful financial statements for the multiple and varied users of these statements."

Article by Colin Braithwaite / Business, Finance and Accounting, Not for Profit / accounting, accounting standards, Accounting Standards Board, financial reporting standards, GAAP, generally accepted accounting principles, non-profit, not-for-profit organizations, not-for-profit policypro, NPPP

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