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Accounting Standards Board
Decision Summaries
These summaries of Accounting Standards Board (AcSB) decisions have been prepared for information purposes
only. Decisions reported are tentative and reflect only the current status of discussion on projects, which
may change after further deliberations by the AcSB. Decisions to publish Handbook material are final only
after a formal ballot process.
For more detailed information on AcSB projects, please refer to the project summaries under
Projects
, which will be updated within the month following an AcSB meeting. |
November 6, 2006 Meeting
Internally Developed Intangible Assets
The AcSB discussed whether to maintain the original scope of the project or modify the project to achieve
a closer alignment with International Financial Reporting Standard IAS 38, Intangible Assets. The discussion will continue in December 2006.
November 14, 2006 Meeting
Not-for-Profit Organizations — Standards Improvements
The AcSB continued discussions on proposals made by the Not-For-Profit Advisory Committee. The discussion
will continue with the intention of proposing amendments to the 4400 series of Handbook Sections for exposure
early in 2007.
November 17, 2006 Meeting
Employee Future Benefits
The AcSB commenced deliberations on the project to converge Section 3461, Employee Future Benefits, with US SFAS 158, Employers'
Accounting for Defined Benefit Pension and Other Postretirement Plans, with a discussion of Canadian
issues, including accounting for the limit on the accrued benefit asset, incorporation of not-for-profit
organization guidance into Canadian GAAP and transitional provisions. No decisions were made.
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