Model financial statements – Private enterprises

Make your financial reporting work easier with this comprehensive guide on how to correctly prepare financial statements for private enterprises.

Item # 59410601 |  Member $260, Non Member $270

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This publication addresses standards for private enterprises (ASPEs) as outlined in Part II of the CPA Canada Handbook – Accounting.

It is presented in two sections. The first section provides analysis of accounting standards based on the financial statement structure Each analysis highlights changes and provides a brief summary of the recognition and measurement requirements, challenges in practical application and more.

The second section details financial statements with sample independent auditor reports, review engagement reports and other appropriate references to Part II of the Handbook for financial statements. The four models of financial statements are for:

  • entities that already apply accounting standards for private enterprises
  • non-consolidated financial statements of a management company
  • first-time adopters presenting financial information, including the reconciliation of the opening balance sheets

These financial statements also include additional insights from the Handbook on significant items and note disclosures. Whether you are in public practice or industry, this guidance will make your work much easier.

Current to September 2019.