Guide to accounting standards for not-for-profit organizations in Canada

Is your organization a private sector or government-controlled not-for-profit organization (NFP)? Chartered Professional Accountants of Canada (CPA Canada) highlights some considerations to help you make the determination and choose the applicable accounting framework. 

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As accounting standards change, the accounting framework for NFPs is changing, leading to potentially significant impacts on existing financial reporting.

CPA Canada’s Guide to Accounting Standards for Not-for-Profit Organizations in Canada will help you determine if your organization is a private or government-controlled NFP so you can apply the correct accounting standards.

You will learn:

  • key considerations for determining if an organization is a private or public sector NFP
  • which accounting standards apply: the CPA Canada Handbook – Accounting or CPA Canada Public Sector Accounting Handbook
  • how to choose the right financial reporting options
  • how to manage first-time adoption of standards
  • how to prepare for and implement the transition