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Summary Comparison of New Accounting Standards for Private Enterprises
(Part II of the revised CICA Handbook — Accounting) to XFI Version (Part V)
16 The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
About this Comparison
As of December 31, 2009
This comparison has been prepared by the staff of the Accounting Standards Board (AcSB) and has not been approved by the AcSB.
This document provides a high-level comparison of accounting standards for private enterprises (Part II) and the XFI version of Part V of the CICA Handbook – Accounting (Handbook). It covers significant recognition and measurement differences only and does not necessarily include all of the differences that might arise in a particular entity’s circumstances. Presentation and disclosure requirements are not within the scope of this comparison. Presentation requirements for Part II are provided in Section 1520, Income Statement, Section 1521, Balance Sheet, and Section 1540, Cash Flow Statement. A compilation of disclosure requirements is also provided in Part II of the Handbook.
This document should not be used in preparing finan-cial statements. To understand fully the implications of preparing financial statements in accordance with Part II of the Handbook, users of this comparison must refer to the standards themselves.
17The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
The standards in Part II and the XFI Version of Part V of the Handbook are based on common conceptual frameworks. Part V of the Handbook was used as a starting point in developing the standards in Part II. Standards in Part V that are largely irrelevant to the private enterprise sector have been excluded from Part II and a limited number of issues that have caused significant concern for private enterprises have been reconsidered. However, the majority of the recognition and measurement requirements in Part V of the Handbook do not cause significant concern for private enterprises and have been retained in Part II “as is”. Emerg-ing Issues Committee (EIC) Abstracts of Issues Discussed have been excluded from Part II but in a limited number of instances, guidance on significant issues addressed in EIC Abstracts has been incorporated into Part II.
This comparison is organized according to Handbook Sec-tions and Accounting Guidelines and reflects standards issued as of December 31, 2009. The term “converged” has been used in the comparison when the standards in Part II are substantially the same as the relevant standards in the XFI version of Part V. Similar requirements compiled in a single standard in Part II that were previously reflected in two or more standards in Part V, are not considered “differences” for the purpose of this comparison.
18 The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Th
e f
ollo
win
g t
ab
le o
f co
nco
rdan
ce r
ela
tes
each
acco
un
tin
g s
tan
dard
fo
r p
rivate
en
terp
rise
s in
Part
II o
f th
e C
ICA
Han
db
oo
k —
A
cco
un
tin
g, t
o t
he c
orr
esp
on
din
g s
tan
dard
in
XF
I vers
ion
of
Part
V. T
he t
ab
le d
oes
no
t in
clu
de d
iffe
ren
ces
in d
isclo
sure
req
uir
em
en
ts.
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
10
00
, F
inan
cia
l S
tate
men
t C
on
cep
tsS
ecti
on
10
00
, F
inan
cia
l S
tate
men
t C
on
cep
tsS
ecti
on
10
00
, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
Secti
on
110
0, G
en
era
lly
Acc
ep
ted
Acc
ou
nti
ng
P
rin
cip
les
Secti
on
110
0, G
en
era
lly
Acc
ep
ted
Acc
ou
nti
ng
P
rin
cip
les
Secti
on
110
0, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.
Secti
on
110
0, P
art
II,
has
been
red
raft
ed
to
be
co
nsi
sten
t w
ith
th
e c
on
ten
t o
f P
art
II.
No
t si
gn
ifican
t
Secti
on
13
00
, D
iffe
ren
tial
Rep
ort
ing
—
No
co
rre
spo
nd
ing
sta
nd
ard
in
Part
II.
N/A
Secti
on
14
00
, G
en
era
l S
tan
dard
s o
f F
inan
cia
l S
tate
men
t P
rese
nta
tio
n
Secti
on
14
00
, G
en
era
l S
tan
dard
s o
f F
inan
cia
l S
tate
men
t P
rese
nta
tio
n
Se
cti
on
14
00
, Part
II, is
co
nve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
—S
ecti
on
15
00
, F
irst
-tim
e
Ad
op
tio
nN
o c
orr
esp
on
din
g s
tan
dard
in
XF
I st
an
dard
s.S
ign
ifican
t o
n fi
rst-
tim
e
ad
op
tio
n o
f acco
un
tin
g
stan
dard
s fo
r p
rivate
e
nte
rpri
ses
in
Part
II
* T
he a
sse
ssm
en
t o
f si
gn
ifica
nce o
f d
iffe
ren
ce
s is
a ju
dg
me
nt
ma
de b
y A
cS
B s
taff
in
ge
ne
ral te
rms.
A
dif
fere
nce m
ay b
e s
ign
ifica
nt
to a
pa
rtic
ula
r tr
an
sac
tio
n o
r e
nti
ty d
ep
en
din
g o
n its
mate
ria
lity
or
natu
re.
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
19The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
15
05
, D
isclo
sure
of
Acc
ou
nti
ng
Po
licie
sS
ecti
on
15
05
, Dis
clo
sure
o
f A
cco
un
tin
g P
olic
ies
All
req
uir
em
en
ts in
th
is S
ecti
on
rela
te t
o d
isclo
sure
s,
wh
ich
are
ou
tsid
e t
he s
co
pe o
f th
is s
um
mary
co
mp
ari
son
.
N/A
Secti
on
15
06
, A
cco
un
tin
g
Ch
an
ges
Secti
on
15
06
, A
cco
un
tin
g C
han
ges
Secti
on
15
06
, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
, excep
t th
at
Secti
on
15
06
, P
art
II,
perm
its
cert
ain
acco
un
tin
g p
olic
y c
ho
ices
to b
e c
han
ged
wit
ho
ut
meeti
ng
th
e c
rite
rio
n in
15
06
.06
of
pro
vid
ing
mo
re
rele
van
t o
r re
liab
le in
form
ati
on
(se
e 1
50
6.0
9).
Sig
nifi
can
t
Secti
on
15
08
, M
easu
rem
en
t U
nce
rtain
tyS
ecti
on
15
08
, M
easu
rem
en
t U
nce
rtain
ty
All
req
uir
em
en
ts in
th
is S
ecti
on
rela
te t
o d
isclo
sure
s,
wh
ich
are
ou
tsid
e t
he s
co
pe o
f th
is s
um
mary
co
mp
ari
son
.
N/A
Secti
on
15
10, C
urr
en
t A
ssets
an
d C
urr
en
t L
iab
iliti
es
Secti
on
15
10, C
urr
en
t A
ssets
an
d C
urr
en
t L
iab
iliti
es
Secti
on
15
10, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.
Th
e f
ollo
win
g S
ecti
on
s in
Part
V h
ave b
een
in
co
rpo
rate
d in
to S
ecti
on
15
10, P
art
II:
• S
ecti
on
30
00
(se
e 1
510
.07);
an
d•
Secti
on
30
40
(se
e 1
510
.06
).
Cert
ain
gu
idan
ce f
rom
th
e f
ollo
win
g E
IC A
bst
racts
has
been
in
clu
ded
in
Secti
on
15
10, P
art
II:
• E
IC-5
9 (
see 1
510
.14
); a
nd
• E
IC-1
22 (
see 1
510
.13
).
No
ne
20 The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
15
20
, In
com
e
Sta
tem
en
tS
ecti
on
15
20
, In
com
e
Sta
tem
en
tT
his
pre
sen
tati
on
Secti
on
refl
ects
in
co
me s
tate
men
t p
rese
nta
tio
n r
eq
uir
em
en
ts f
rom
oth
er
Secti
on
s –
pre
sen
tati
on
is
ou
tsid
e t
he s
co
pe o
f th
is s
um
mary
co
mp
ari
son
.
N/A
—S
ecti
on
15
21,
Bala
nce
S
heet
Th
is p
rese
nta
tio
n S
ecti
on
refl
ects
bala
nce s
heet
pre
sen
tati
on
req
uir
em
en
ts f
rom
oth
er
Secti
on
s –
pre
sen
tati
on
is
ou
tsid
e t
he s
co
pe o
f th
is s
um
mary
co
mp
ari
son
.
N/A
Secti
on
15
35
, C
ap
ital
Dis
clo
sure
s—
N
o c
orr
esp
on
din
g s
tan
dard
in
Part
II.
N/A
Secti
on
15
40
, C
ash
Flo
w
Sta
tem
en
tS
ecti
on
15
40
, C
ash
F
low
Sta
tem
en
tS
ecti
on
15
40
, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.
Ho
wever, u
nd
er
Part
II,
all
en
terp
rise
s m
ust
pro
vid
e a
cash
flo
w s
tate
men
t.
Sig
nifi
can
t fo
r en
terp
rise
s th
at
do
no
t p
rovid
e
a c
ash
flo
w
state
men
t u
nd
er
XF
I st
an
dard
s
Secti
on
15
82, B
usi
ness
C
om
bin
ati
on
sS
ecti
on
15
82, B
usi
ness
C
om
bin
ati
on
sS
ecti
on
15
82, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.
Secti
on
15
82 is
eff
ecti
ve o
n a
do
pti
on
of
Part
II as
Part
II d
oes
no
t in
clu
de S
ecti
on
15
81.
Sig
nifi
can
t fo
r en
terp
rise
s ad
op
tin
g P
art
II
pri
or
to 2
011
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
21The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
15
90
, S
ub
sid
iari
es
Secti
on
15
90
, S
ub
sid
iari
es
Secti
on
15
90
, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
, excep
t as
no
ted
belo
w.
Un
der
Secti
on
15
90
, P
art
II,
an
en
terp
rise
may a
cco
un
t fo
r su
bsi
dia
ries
by c
on
solid
ati
ng
th
em
, o
r u
sin
g e
ith
er
the c
ost
or
eq
uit
y m
eth
od
. T
his
is
co
nsi
sten
t w
ith
th
e
dif
fere
nti
al re
po
rtin
g o
pti
on
in
XF
I S
ecti
on
. H
ow
ever
an
invest
men
t in
a s
ub
sid
iary
wh
ose
eq
uit
y s
ecu
riti
es
are
qu
ote
d in
an
acti
ve m
ark
et
is n
ot
acco
un
ted
fo
r at
co
st, b
ut
may b
e a
cco
un
ted
fo
r at
fair
valu
e.
Sig
nifi
can
t fo
r a
sub
sid
iary
th
at
wo
uld
no
w b
e
acco
un
ted
fo
r at
fair
valu
e r
ath
er
than
co
st
Secti
on
16
01,
Co
nso
lidate
d
Fin
an
cia
l S
tate
men
tsS
ecti
on
16
01,
C
on
solid
ate
d F
inan
cia
l S
tate
men
ts
Secti
on
16
01,
Part
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
. N
on
e
Secti
on
16
02, N
on
-co
ntr
olli
ng
In
tere
sts
Secti
on
16
02, N
on
-co
ntr
olli
ng
In
tere
sts
Secti
on
16
02, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.
Secti
on
16
02 is
eff
ecti
ve o
n a
do
pti
on
of
Part
II as
Part
II d
oes
no
t in
clu
de S
ecti
on
16
00
.
Sig
nifi
can
t fo
r en
terp
rise
s ad
op
tin
g P
art
II
pri
or
to 2
011
Secti
on
16
25
, C
om
pre
hen
sive
Reva
luati
on
o
f A
ssets
an
d L
iab
iliti
es
Secti
on
16
25
, C
om
pre
hen
sive
R
eva
luati
on
of
Ass
ets
an
d L
iab
iliti
es
Secti
on
16
25
, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
excep
t fo
r th
e a
cco
un
tin
g f
or
inco
me t
ax b
en
efi
ts (
see
1625
.43
-44
).
No
t si
gn
ifican
t
22 The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
16
50
, F
ore
ign
C
urr
en
cy T
ran
slati
on
Secti
on
16
51,
Fo
reig
n
Cu
rren
cy T
ran
slati
on
Secti
on
16
51,
Part
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
16
50
.
Hed
ge a
cco
un
tin
g (
oth
er
than
a h
ed
ge o
f an
in
vest
men
t in
a s
elf
-su
stain
ing
fo
reig
n o
pera
tio
n)
is a
dd
ress
ed
in
Secti
on
38
56
, P
art
II,
rath
er
than
in
S
ecti
on
16
51,
Part
II,
an
d d
iffe
rs f
rom
XF
I S
ecti
on
16
50
.
No
ne, excep
t fo
r h
ed
ge
acco
un
tin
g
ad
dre
ssed
in
S
ecti
on
38
56
, P
art
II
Secti
on
170
1, S
eg
men
t D
isclo
sure
s—
No
co
rre
spo
nd
ing
sta
nd
ard
in
Part
II.
N/A
Secti
on
175
1, In
teri
m
Fin
an
cia
l S
tate
men
ts—
N
o c
orr
esp
on
din
g s
tan
dard
in
Part
II.
N/A
Secti
on
18
00
, U
nin
corp
ora
ted
Bu
sin
ess
es
Secti
on
18
00
, U
nin
corp
ora
ted
B
usi
ness
es
Secti
on
18
00
, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
Secti
on
30
00
, C
ash
—N
o c
orr
esp
on
din
g s
tan
dard
in
Part
II.
Gu
idan
ce f
rom
X
FI S
ecti
on
in
co
rpo
rate
d in
Secti
on
15
10, P
art
II (s
ee
1510
.07).
N/A
Secti
on
30
10, Te
mp
ora
ry
Inve
stm
en
ts—
No
co
rre
spo
nd
ing
sta
nd
ard
in
Part
II.
Measu
rem
en
t an
d im
pair
men
t re
qu
irem
en
ts a
re p
rovid
ed
in
Secti
on
3
85
6, P
art
II.
Desi
gn
ati
on
as
“tem
po
rary
” is
no
lo
ng
er
rele
van
t.
Fin
an
cia
l in
stru
men
ts a
re c
lass
ified
as
cu
rren
t if
th
ey m
eet
the r
eq
uir
em
en
ts in
Secti
on
15
10,
Part
II.
Sig
nifi
can
t
Secti
on
30
20
, A
cco
un
ts a
nd
N
ote
s R
ece
ivab
le—
No
co
rre
spo
nd
ing
sta
nd
ard
in
Part
II.
Gu
idan
ce f
rom
X
FI S
ecti
on
in
co
rpo
rate
d in
Secti
on
38
56
, P
art
II (s
ee
38
56
.16
-.19
).
N/A
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
23The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
30
25
, Im
pair
ed
Lo
an
s—
No
co
rre
spo
nd
ing
sta
nd
ard
in
Part
II.
Gu
idan
ce
pro
vid
ed
in
Secti
on
38
56
, P
art
II,
dif
fers
fro
m t
hat
in S
ecti
on
30
25
(se
e 3
85
6.16
-.19
) in
th
at
alt
ern
ati
ve
measu
rem
en
ts a
re p
oss
ible
. W
hen
measu
rem
en
t o
f im
pair
men
t is
base
d o
n r
eco
vera
ble
am
ou
nts
, th
ese
est
imate
s are
dis
co
un
ted
usi
ng
mark
et
inte
rest
rate
s ra
ther
than
th
e o
rig
inal eff
ecti
ve in
tere
st r
ate
.
Oft
en
no
t si
gn
ifican
t
Secti
on
30
31,
Inve
nto
ries
Secti
on
30
31,
In
ven
tori
es
Secti
on
30
31,
Part
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
Secti
on
30
40
, P
rep
aid
E
xp
en
ses
—N
o c
orr
esp
on
din
g s
tan
dard
in
Part
II.
Gu
idan
ce f
rom
X
FI S
ecti
on
in
co
rpo
rate
d in
Secti
on
15
10, P
art
II (s
ee
1510
.06
).
N/A
24 The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
30
50
, Lo
ng
-term
In
vest
men
tsS
ecti
on
30
51,
In
vest
men
tsS
ecti
on
30
51,
Part
II d
iffe
rs f
rom
XF
I S
ecti
on
30
50
.
Sig
nifi
can
t d
iffe
ren
ces
are
no
ted
belo
w.
Un
der
Secti
on
30
51,
Part
II,
an
en
terp
rise
may a
cco
un
t fo
r si
gn
ifican
tly in
flu
en
ced
invest
ees
usi
ng
eit
her
the
co
st o
r eq
uit
y m
eth
od
. T
his
is
co
nsi
sten
t w
ith
th
e
dif
fere
nti
al re
po
rtin
g o
pti
on
in
XF
I S
ecti
on
30
50
. H
ow
ever, a
n invest
men
t in
a s
ign
ifican
tly in
flu
en
ced
in
vest
ee w
ho
se e
qu
ity s
ecu
riti
es
are
qu
ote
d in
an
acti
ve m
ark
et
is n
ot
acco
un
ted
fo
r at
co
st b
ut
may b
e
acco
un
ted
fo
r at
fair
valu
e.
Un
der
Secti
on
38
56
, P
art
II,
an
invest
men
t in
an
eq
uit
y
secu
rity
th
at
is t
rad
ed
in
an
acti
ve m
ark
et
an
d n
ot
sub
ject
to s
ign
ifican
t in
flu
en
ce is
acco
un
ted
fo
r at
fair
valu
e r
ath
er
than
at
co
st.
Th
e im
pair
men
t p
rovis
ion
s in
Secti
on
30
51,
Part
II,
are
co
nsi
sten
t w
ith
th
ose
in
Secti
on
38
56
, P
art
II.
Sig
nifi
can
t
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
25The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
30
55
, In
tere
sts
in
Join
t V
en
ture
sS
ecti
on
30
55
, In
tere
sts
in J
oin
t V
en
ture
sS
ecti
on
30
55
, P
art
II,
dif
fers
fro
m X
FI S
ecti
on
.
Sig
nifi
can
t d
iffe
ren
ces
are
no
ted
belo
w.
Un
der
Secti
on
30
55
, P
art
II,
an
en
terp
rise
may a
cco
un
t fo
r in
tere
sts
in jo
int
ven
ture
s u
sin
g p
rop
ort
ion
ate
co
nso
lidati
on
, th
e c
ost
meth
od
or
the e
qu
ity m
eth
od
. T
his
is
co
nsi
sten
t w
ith
th
e d
iffe
ren
tial re
po
rtin
g
op
tio
ns
in X
FI S
ecti
on
. H
ow
ever
an
invest
men
t in
a
join
t ven
ture
wh
ose
eq
uit
y s
ecu
riti
es
are
qu
ote
d in
an
acti
ve m
ark
et
is n
ot
acco
un
ted
fo
r at
co
st b
ut
may b
e
acco
un
ted
fo
r at
fair
valu
e.
Th
e im
pair
men
t p
rovis
ion
s in
Secti
on
30
55
, P
art
II,
are
co
nsi
sten
t w
ith
th
ose
in
Secti
on
38
56
, P
art
II.
Sig
nifi
can
t
Secti
on
30
61,
Pro
pert
y
Pla
nt
an
d E
qu
ipm
en
tS
ecti
on
30
61,
Pro
pert
y
Pla
nt
an
d E
qu
ipm
en
tS
ecti
on
30
61,
Part
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
Secti
on
30
63
, Im
pair
men
t o
f Lo
ng
-liv
ed
Ass
ets
Secti
on
30
63
, Im
pair
men
t o
f Lo
ng
-liv
ed
Ass
ets
Secti
on
30
63
, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
26 The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
30
64
, G
oo
dw
ill a
nd
In
tan
gib
le A
ssets
Secti
on
30
64
, G
oo
dw
ill
an
d In
tan
gib
le A
ssets
Secti
on
30
64
, P
art
II d
iffe
rs f
rom
XF
I S
ecti
on
. S
ign
ifican
t d
iffe
ren
ces
are
no
ted
belo
w.
Inte
rnally
develo
ped
in
tan
gib
le a
ssets
Secti
on
30
64
, P
art
II,
perm
its
an
en
terp
rise
to
make
an
acco
un
tin
g p
olic
y c
ho
ice t
o c
ap
italiz
e o
r exp
en
se
develo
pm
en
t co
sts.
Go
od
will
an
d o
ther
inta
ng
ible
ass
ets
– im
pair
men
t te
stin
gS
ecti
on
30
64
, P
art
II,
req
uir
es
en
terp
rise
s to
test
g
oo
dw
ill a
nd
oth
er
inta
ng
ible
ass
ets
no
t su
bje
ct
to
am
ort
izati
on
on
an
even
ts a
nd
cir
cu
mst
an
ces
basi
s,
rath
er
than
each
year.
Th
is is
co
nsi
sten
t w
ith
th
e d
iffe
ren
tial re
po
rtin
g o
pti
on
in
XF
I S
ecti
on
.
Secti
on
30
64
, P
art
II,
req
uir
es
go
od
will
im
pair
men
t te
stin
g t
o b
e d
on
e a
t th
e r
ep
ort
ing
un
it level,
rem
ovin
g
the r
eq
uir
em
en
t in
XF
I S
ecti
on
to
dete
rmin
e f
air
valu
es
of
ind
ivid
ual ass
ets
an
d lia
bili
ties.
Cert
ain
gu
idan
ce f
rom
EIC
-13
3 h
as
been
in
co
rpo
rate
d
in S
ecti
on
30
64
, P
art
II (s
ee 3
06
4.6
8).
Sig
nifi
can
t
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
27The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
30
65
, Lease
sS
ecti
on
30
65
, Lease
sS
ecti
on
30
65
, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
, excep
t th
at
the r
eq
uir
em
en
ts f
or
(a)
rem
ovin
g a
lease
lia
bili
ty f
rom
a less
ee’s
bala
nce s
heet,
an
d (
b)
the
imp
air
men
t te
stin
g o
f le
ase
receiv
ab
les
of
a less
or
in S
ecti
on
30
65
, P
art
II,
are
co
nsi
sten
t w
ith
th
ose
in
S
ecti
on
38
56
, P
art
II.
Cert
ain
gu
idan
ce f
rom
th
e f
ollo
win
g E
IC A
bst
racts
has
been
in
co
rpo
rate
d in
to S
ecti
on
30
65
, P
art
II:
• E
IC-1
9 (
see 3
06
5.0
3(r
);•
EIC
-21
(see 3
06
5.2
7);
• E
IC 2
5 (
see 3
06
5.6
4 a
nd
Illu
stra
tive E
xam
ple
s 3
an
d
4);
• E
IC-5
2 (
see 3
06
5.2
5 a
nd
Illu
stra
tive E
xam
ple
5);
an
d•
EIC
-97 (
see 3
06
5.2
6).
No
t si
gn
ifican
t
Secti
on
311
0, A
sset
Reti
rem
en
t O
blig
ati
on
sS
ecti
on
311
0, A
sset
Reti
rem
en
t O
blig
ati
on
sS
ecti
on
311
0, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
excep
t th
at
the m
easu
rem
en
t re
qu
irem
en
ts h
ave b
een
si
mp
lified
.
Un
der
Secti
on
311
0, P
art
II,
ass
et
reti
rem
en
t o
blig
ati
on
s are
measu
red
at
the b
est
est
imate
of
the e
xp
en
dit
ure
re
qu
ired
to
sett
le t
he p
rese
nt
ob
ligati
on
at
the e
nd
of
the r
ep
ort
ing
peri
od
, ra
ther
than
at
fair
valu
e.
Sig
nifi
can
t
Secti
on
3210
, Lo
ng
-term
D
eb
t—
No
co
rre
spo
nd
ing
sta
nd
ard
in
Part
II.
Gu
idan
ce p
rovid
ed
in
Secti
on
38
56
, P
art
II.
N/A
28 The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
324
0, S
hare
Cap
ital
Secti
on
324
0, S
hare
C
ap
ital
Secti
on
324
0, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
Secti
on
325
0, S
urp
lus
Secti
on
325
1, E
qu
ity
All
req
uir
em
en
ts in
th
is S
ecti
on
rela
te t
o p
rese
nta
tio
n,
wh
ich
is
ou
tsid
e t
he s
co
pe o
f th
is s
um
mary
co
mp
ari
son
.
Th
e s
co
pe o
f S
ecti
on
325
1, P
art
II,
is b
road
er
than
XF
I S
ecti
on
325
0.
Cert
ain
gu
idan
ce f
rom
EIC
-13
2 h
as
been
in
co
rpo
rate
d
into
Secti
on
325
1, P
art
II (s
ee 3
25
1.10
).
N/A
Secti
on
326
0, R
ese
rves
Secti
on
326
0, R
ese
rves
Secti
on
326
0, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
Secti
on
328
0, C
on
tractu
al
Ob
ligati
on
sS
ecti
on
328
0,
Co
ntr
actu
al O
blig
ati
on
sA
ll re
qu
irem
en
ts in
th
is S
ecti
on
rela
te t
o d
isclo
sure
s,
wh
ich
are
ou
tsid
e t
he s
co
pe o
f th
is s
um
mary
co
mp
ari
son
.
N/A
Secti
on
329
0,
Co
nti
ng
en
cie
sS
ecti
on
329
0,
Co
nti
ng
en
cie
sS
ecti
on
329
0, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
Secti
on
34
00
, R
eve
nu
eS
ecti
on
34
00
, R
eve
nu
eS
ecti
on
34
00
, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.
Cert
ain
gu
idan
ce f
rom
th
e f
ollo
win
g E
ICs
has
been
in
co
rpo
rate
d in
to S
ecti
on
34
00
, P
art
II:
• E
IC-7
8 (
see 3
40
0.17);
• E
IC-7
9 (
see 3
40
0.2
2);
• E
IC-1
23
(se
e 3
40
0.2
3-.
24
);•
EIC
-14
1 (s
ee 3
40
0.0
7-.
10);
• E
IC-1
42 (
see 3
40
0.0
11);
• E
IC-1
44
(se
e 3
40
0.2
5-.
27);
an
d•
EIC
-15
6 (
see 3
40
0.2
8).
No
ne
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
29The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
34
61,
Em
plo
yee
Fu
ture
Ben
efi
tsS
ecti
on
34
61,
Em
plo
yee
Fu
ture
Ben
efi
tsS
ecti
on
34
61,
Part
II d
iffe
rs f
rom
XF
I S
ecti
on
.
Secti
on
34
61,
Part
II,
perm
its
defi
ned
ben
efi
t p
lan
s to
b
e r
eco
gn
ized
an
d m
easu
red
usi
ng
eit
her:
• an
“im
med
iate
reco
gn
itio
n a
pp
roach
,” w
here
by
the a
cco
un
tin
g is
base
d o
n a
fu
nd
ing
valu
ati
on
, th
e f
un
ded
sta
tus
of
the p
lan
is
reco
gn
ized
on
th
e b
ala
nce s
heet
an
d t
here
is
no
defe
rral o
r am
ort
izati
on
of
actu
ari
al g
ain
s an
d lo
sses
or
past
se
rvic
e c
ost
s; o
r•
the “
defe
rral an
d a
mo
rtiz
ati
on
ap
pro
ach
” as
in t
he
XF
I S
ecti
on
, w
hic
h r
eq
uir
es
a s
ep
ara
te v
alu
ati
on
fo
r acco
un
tin
g p
urp
ose
s an
d d
efe
rral an
d a
mo
rtiz
ati
on
is
req
uir
ed
fo
r p
ast
serv
ice c
ost
s an
d p
erm
itte
d f
or
actu
ari
al g
ain
s an
d lo
sses.
Th
e d
efi
nit
ion
of
a d
efi
ned
ben
efi
t an
d d
efi
ned
co
ntr
ibu
tio
n p
lan
has
been
mo
difi
ed
. T
he d
iffe
ren
ce
is n
ot
exp
ecte
d t
o b
e s
ign
ifican
t fo
r m
ost
pri
vate
en
terp
rise
s.
Sig
nifi
can
t
30 The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
34
65
, In
com
e T
axe
sS
ecti
on
34
65
, In
com
e
Taxe
sS
ecti
on
34
65
, P
art
II, is
co
nve
rge
d w
ith
XF
I S
ecti
on
. U
nd
er
Se
cti
on
34
65
, P
art
II, e
ith
er
the t
axe
s p
ayab
le
meth
od
or
the f
utu
re in
co
me t
axe
s m
eth
od
may
be c
ho
sen
. T
his
is
co
nsi
ste
nt
wit
h t
he d
iffe
ren
tial
rep
ort
ing
op
tio
n in
XF
I S
ecti
on
.
Ce
rtain
gu
idan
ce f
rom
th
e f
ollo
win
g E
IC A
bst
racts
h
as
be
en
in
co
rpo
rate
d in
to S
ecti
on
34
65
, P
art
II:
• E
IC-1
04
(se
e 3
46
5.7
5);
an
d•
EIC
-14
6 (
see 3
46
5.6
5).
No
ne
Secti
on
34
75
, D
isp
osa
l o
f Lo
ng
-liv
ed
Ass
ets
an
d
Dis
con
tin
ued
Op
era
tio
ns
Secti
on
34
75
, D
isp
osa
l o
f Lo
ng
-liv
ed
Ass
ets
an
d D
isco
nti
nu
ed
O
pera
tio
ns
Secti
on
34
75
, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
Secti
on
34
80
, E
xtr
ao
rdin
ary
It
em
s—
No
co
rre
spo
nd
ing
sta
nd
ard
in
Part
II.
N/A
Secti
on
35
00
, E
arn
ing
s p
er
Sh
are
—N
o c
orr
esp
on
din
g s
tan
dard
in
Part
II.
N/A
Secti
on
36
10, C
ap
ital
Tran
sacti
on
sS
ecti
on
36
10, C
ap
ital
Tran
sacti
on
sS
ecti
on
36
10, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
Secti
on
38
00
, G
ove
rnm
en
t A
ssis
tan
ceS
ecti
on
38
00
, G
ove
rnm
en
t A
ssis
tan
ceS
ecti
on
38
00
, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
31The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
38
05
, In
vest
men
t Ta
x C
red
its
Secti
on
38
05
, In
vest
men
t Ta
x C
red
its
Secti
on
38
05
, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
Secti
on
38
20
, S
ub
seq
uen
t E
ven
tsS
ecti
on
38
20
, S
ub
seq
uen
t E
ven
tsS
ecti
on
38
20
, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
Secti
on
38
31,
No
n-m
on
eta
ry
Tran
sacti
on
sS
ecti
on
38
31,
No
n-
mo
neta
ry T
ran
sacti
on
sS
ecti
on
38
31,
Part
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.N
on
e
Secti
on
38
40
, R
ela
ted
Part
y
Tran
sacti
on
sS
ecti
on
38
40
, R
ela
ted
P
art
y T
ran
sacti
on
sS
ecti
on
38
40
, P
art
II,
is c
onve
rge
d w
ith
XF
I S
ecti
on
.
Cert
ain
gu
idan
ce f
rom
th
e f
ollo
win
g E
IC A
bst
racts
has
been
in
co
rpo
rate
d in
to S
ecti
on
38
40
, P
art
II:
• E
IC-6
6 (
see 3
84
0.4
4(a
));
• E
IC-7
7 (
see 3
84
0.3
8);
• E
IC 8
9 (
see 3
84
0.4
4(b
)); an
d•
EIC
-10
3 (
see 3
84
0.3
3).
No
ne
Secti
on
38
41,
Eco
no
mic
D
ep
en
den
ceS
ecti
on
38
41,
Eco
no
mic
D
ep
en
den
ceA
ll re
qu
irem
en
ts in
th
is S
ecti
on
rela
te t
o d
isclo
sure
s,
wh
ich
are
ou
tsid
e t
he s
co
pe o
f th
is s
um
mary
co
mp
ari
son
.
N/A
Secti
on
38
50
, In
tere
st
Cap
italiz
ed
Secti
on
38
50
, In
tere
st
Cap
italiz
ed
All
req
uir
em
en
ts in
th
is S
ecti
on
rela
te t
o d
isclo
sure
s,
wh
ich
are
ou
tsid
e t
he s
co
pe o
f th
is s
um
mary
co
mp
ari
son
.
N/A
32 The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
—S
ecti
on
38
56
, F
inan
cia
l In
stru
men
tsS
ecti
on
38
56
, P
art
II, d
iffe
rs f
rom
eq
uiv
ale
nt
req
uir
em
en
ts u
nd
er
XF
I st
an
dard
s.
Th
e r
eq
uir
em
en
ts
in S
ecti
on
38
56
, P
art
II, c
orr
esp
on
d t
o o
r re
pla
ce
gu
idan
ce in
Se
cti
on
s 3
02
0, 3
02
5, 3
210
, 3
86
0, A
cG
-4,
AcG
-12 a
nd
AcG
-13
.
Th
e s
ign
ifican
t d
iffe
ren
ce
s b
etw
ee
n t
he g
uid
an
ce o
n
fin
an
cia
l in
stru
me
nts
in
XF
I st
an
dard
s an
d S
ecti
on
3
85
6, P
art
II, in
clu
de t
he f
ollo
win
g:
• In
ve
stm
en
ts in
eq
uit
ies
that
are
tra
de
d in
an
acti
ve
mark
et
are
me
asu
red
at
fair
valu
e, w
ith
ch
an
ge
s re
co
gn
ize
d in
net
inco
me
. A
n e
nti
ty m
ay a
lso
ir
revo
cab
ly e
lect
on
in
itia
l re
co
gn
itio
n t
o m
easu
re
an
y o
the
r fi
nan
cia
l in
stru
me
nt
at
fair
valu
e.
De
rivati
ve
s, o
the
r th
an
th
ose
in
qu
alify
ing
he
dg
es,
co
nti
nu
e t
o b
e m
easu
red
at
fair
valu
e.
• A
sin
gle
mo
de
l is
ap
plie
d t
o t
he r
eco
gn
itio
n a
nd
m
easu
rem
en
t o
f im
pair
me
nt
for
all
fin
an
cia
l ass
ets
.•
All
fin
an
cia
l in
stru
me
nts
are
re
co
gn
ize
d o
n t
rad
e
date
.•
Tra
nsa
cti
on
co
sts
on
fin
an
cia
l in
stru
me
nts
m
easu
red
at
am
ort
ize
d c
ost
are
cap
italiz
ed
.
Tra
nsa
cti
on
co
sts
on
fin
an
cia
l in
stru
me
nts
m
easu
red
at
fair
valu
e a
re e
xp
en
sed
.•
Th
e e
qu
ity c
om
po
ne
nt
of
co
nve
rtib
le d
eb
t an
d
warr
an
ts o
r o
pti
on
s is
sue
d w
ith
, an
d d
eta
ch
ab
le
fro
m, fi
nan
cia
l liab
ilit
ies
may b
e m
easu
red
at
ze
ro.
Sig
nifi
can
t
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
33The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
• H
ed
ge a
cco
un
tin
g is
availab
le b
y d
esi
gn
ati
on
fo
r re
lati
on
ship
s sp
ecifi
ed
in
th
e S
ecti
on
if
the c
riti
cal
term
s o
f th
e h
ed
gin
g in
stru
me
nt
matc
h t
ho
se o
f th
e
he
dg
ed
in
stru
me
nt.
• P
refe
rre
d s
hare
s is
sue
d in
a s
pe
cifi
ed
tax p
lan
nin
g
arr
an
ge
me
nt
mu
st b
e c
lass
ifie
d a
s e
qu
ity. (T
his
is
co
nsi
ste
nt
wit
h t
he d
iffe
ren
tial re
po
rtin
g o
pti
on
in
X
FI S
ecti
on
38
60
.)
Ce
rtain
gu
idan
ce f
rom
th
e f
ollo
win
g S
ecti
on
s,
Acco
un
tin
g G
uid
elin
es
an
d E
IC A
bst
racts
an
d h
as
be
en
in
clu
de
d in
Se
cti
on
38
56
, P
art
II:
• S
ecti
on
30
20
(se
e 3
85
6.1
6-.
19);
• S
ecti
on
30
25
(se
e 3
85
6.1
6-.
19);
• A
cG
-4 (
see 3
85
6.0
7);
• A
cG
-12 (
see 3
85
6, A
pp
en
dix
B.)
;•
AcG
-13
(se
e 3
85
6.3
0-.
36
);•
EIC
-88
, 9
6 a
nd
10
1 (s
ee 3
85
6.2
6-.
29
);•
EIC
-14
9 (
see 3
85
6.2
0-.
23
); a
nd
• E
IC-1
58
(se
e 3
85
6.1
4).
Secti
on
38
60
, F
inan
cia
l In
stru
men
ts –
Dis
clo
sure
an
d P
rese
nta
tio
n
—N
o c
orr
esp
on
din
g s
tan
dard
in
Part
II.
Gu
idan
ce
pro
vid
ed
in
Secti
on
38
56
, P
art
II.
N/A
34 The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
Secti
on
38
70
, S
tock-
base
d
Co
mp
en
sati
on
an
d O
ther
Sto
ck-
base
d P
aym
en
ts
Secti
on
38
70
, S
tock-
base
d C
om
pen
sati
on
an
d O
ther
Sto
ck-
base
d
Pay
men
ts
Secti
on
38
70
, P
art
II,
dif
fers
fro
m X
FI S
ecti
on
.
Secti
on
38
70
, P
art
II,
rep
laces
the m
inim
um
valu
e
meth
od
(i.e
., th
e a
bili
ty t
o ig
no
re v
ola
tilit
y in
m
easu
rin
g s
tock-b
ase
d c
om
pen
sati
on
) w
ith
th
e
calc
ula
ted
valu
e m
eth
od
. U
nd
er
the c
alc
ula
ted
valu
e
meth
od
an
en
terp
rise
est
imate
s th
e v
ola
tilit
y t
hat
is
use
d a
s an
in
pu
t to
a s
tock o
pti
on
pri
cin
g m
od
el b
ase
d
on
an
ap
pro
pri
ate
secto
r in
dex.
Sig
nifi
can
t
Secti
on
410
0, P
en
sio
n P
lan
s—
No
co
rre
spo
nd
ing
sta
nd
ard
in
Part
II.
Th
e a
cco
un
tin
g
stan
dard
s fo
r p
en
sio
n p
lan
s can
be f
ou
nd
in
Part
IV
.N
/A
Secti
on
4211
, L
ife In
sura
nce
E
nte
rpri
ses
– S
pecifi
c Ite
ms
—N
o c
orr
esp
on
din
g s
tan
dard
in
Part
II.
N/A
Secti
on
425
0, F
utu
re-
ori
en
ted
Fin
an
cia
l In
form
ati
on
—N
o c
orr
esp
on
din
g s
tan
dard
in
Part
II.
N/A
Secti
on
44
00
, N
ot-
for-
pro
fit
Org
an
izati
on
s—
No
co
rre
spo
nd
ing
sta
nd
ard
in
Part
II.
Part
III h
as
been
re
serv
ed
fo
r th
e a
cco
un
tin
g s
tan
dard
s fo
r n
ot-
for-
pro
fit
org
an
izati
on
s.
N/A
AcG
-2, F
ran
ch
ise F
ee
Reve
nu
eA
cG
-2, F
ran
ch
ise F
ee
Reve
nu
eA
cG
-2, P
art
II,
is c
onve
rge
d w
ith
XF
I G
uid
elin
e.
No
ne
AcG
-3, F
inan
cia
l R
ep
ort
ing
b
y P
rop
ert
y a
nd
Casu
alt
y
Insu
ran
ce C
om
pan
ies
—N
o c
orr
esp
on
din
g G
uid
elin
e in
Part
II.
N/A
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
35The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
AcG
-4, F
ees
an
d C
ost
s A
sso
cia
ted
wit
h L
en
din
g
Acti
vit
ies
—N
o c
orr
esp
on
din
g G
uid
elin
e in
Part
II.
Gu
idan
ce p
rovid
ed
in
Secti
on
38
56
, P
art
II (s
ee
38
56
.07).
N/A
AcG
-7, T
he M
an
ag
em
en
t R
ep
ort
—N
o c
orr
esp
on
din
g G
uid
elin
e in
Part
II.
N/A
AcG
-8, A
ctu
ari
al L
iab
iliti
es
of
Lif
e In
sura
nce
En
terp
rise
s –
Dis
clo
sure
—N
o c
orr
esp
on
din
g G
uid
elin
e in
Part
II.
N/A
AcG
-9, F
inan
cia
l R
ep
ort
ing
b
y L
ife In
sura
nce
E
nte
rpri
ses
—N
o c
orr
esp
on
din
g G
uid
elin
e in
Part
II
N/A
AcG
-11,
En
terp
rise
s in
th
e
Deve
lop
men
t S
tag
e—
No
co
rre
spo
nd
ing
Gu
ide
lin
e in
Part
II.
N/A
AcG
-12, Tr
an
sfers
of
Rece
ivab
les
—N
o c
orr
esp
on
din
g G
uid
elin
e in
Part
II.
Gu
idan
ce
pro
vid
ed
in
Secti
on
38
56
, P
art
II (s
ee 3
85
6,
Ap
pen
dix
B).
N/A
AcG
-13
, Hed
gin
g
Rela
tio
nsh
ips
—N
o c
orr
esp
on
din
g G
uid
elin
e in
Part
II.
Gu
idan
ce
pro
vid
ed
in
Secti
on
38
56
, P
art
II (s
ee 3
85
6.3
0-.
36
).
AcG
-14
, D
isclo
sure
of
Gu
ara
nte
es
AcG
-14
, D
isclo
sure
of
Gu
ara
nte
es
AcG
-14
, P
art
II,
is c
onve
rge
d w
ith
XF
I G
uid
elin
e.
No
ne
36 The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
Han
db
oo
k s
tan
dard
sP
art
V (
XF
I)H
an
db
oo
k
stan
dard
sP
art
II
Co
mp
ari
son
of
acco
un
tin
g t
reatm
en
tsS
ign
ifican
ce
* o
f d
iffe
ren
ce
s
AcG
-15
, C
on
solid
ati
on
of
Vari
ab
le In
tere
st E
nti
ties
AcG
-15
, C
on
solid
ati
on
o
f V
ari
ab
le In
tere
st
En
titi
es
AcG
-15
, P
art
II,
is c
onve
rge
d w
ith
XF
I G
uid
elin
e. A
cG
-15
, P
art
II,
do
es
no
t ap
ply
to
an
en
terp
rise
th
at
ch
oo
ses
to p
rep
are
no
n-c
on
solid
ate
d fi
nan
cia
l st
ate
men
ts.
No
ne
AcG
-16
, O
il an
d G
as
Acc
ou
nti
ng
– F
ull
Co
stA
cG
-16
, O
il an
d G
as
Acc
ou
nti
ng
– F
ull
Co
stA
cG
-16
, P
art
II,
is c
onve
rge
d w
ith
XF
I G
uid
elin
e.
No
ne
AcG
-17,
Eq
uit
y-l
inke
d
Dep
osi
t C
on
tracts
—N
o c
orr
esp
on
din
g G
uid
elin
e in
Part
II.
AcG
-18
, In
vest
men
t C
om
pan
ies
AcG
-18
, In
vest
men
t C
om
pan
ies
AcG
-18
, P
art
II,
is c
onve
rge
d w
ith
XF
I G
uid
elin
e.
No
ne
AcG
-19
, D
isclo
sure
s b
y
En
titi
es
Su
bje
ct
to R
ate
R
eg
ula
tio
n
AcG
-19
, D
isclo
sure
s b
y
En
titi
es
Su
bje
ct
to R
ate
R
eg
ula
tio
n
All
req
uir
em
en
ts in
th
is G
uid
elin
e r
ela
te t
o d
isclo
sure
s,
wh
ich
are
ou
tsid
e t
he s
co
pe o
f th
is s
um
mary
co
mp
ari
son
.
N/A
The CICA’s Guide to Accounting Standards for Private Enterprises in Canada
The Institute of Chartered Accountants of Bermuda31 Queen Street Boyle Building, 3rd FloorHamilton, Bermuda HM 11 (441) 292-7479 www.icab.bm
The Institute of Chartered Accountants of Nova Scotia1791 Barrington Street, Suite 1410 Halifax, Nova Scotia B3J 3L1 (902) 425-3291 www.icans.ns.ca
The New Brunswick Institute of Chartered Accountants55 Union Street, Suite 250 Mercantile Centre Saint John, New Brunswick E2L 5B7 (506) 634-1588 www.nbica.org
The Institute of Chartered Accountants of Prince Edward Island56 Water Street, 2nd FloorCharlottetown, PEI C1A 7K7 (902) 894-4290 www.icapei.com
The Institute of Chartered Accountants of Newfoundland and Labrador95 Bonaventure Avenue, Suite 501 St. John’s, Newfoundland A1B 2X5 (709) 753-7566 www.ican.ca
Ordre des comptables agréés du Québec680, rue Sherbrooke Ouest, 18e étageMontréal, Québec H3A 2S3 (514) 288-3256 1 800 363-4688 www.ocaq.qc.ca
The Institute of Chartered Accountants of Ontario 69 Bloor Street East Toronto, Ontario M4W 1B3 (416) 962-1841 1 800 387-0735 www.icao.on.ca
The Institute of Chartered Accountants of Manitoba 500–161 Portage Avenue East Winnipeg, Manitoba R3B 0Y4 (204) 942-8248 1 888 942-8248 www.icam.mb.ca
The Institute of Chartered Accountants of Saskatchewan 3621 Pasqua Street Regina, Saskatchewan S4S 6W8 (306) 359-1010 www.icas.sk.ca
The Institute of Chartered Accountants of Alberta580 Manulife Place, 10180–101 Street Edmonton, Alberta T5J 4R2 (780) 424-7391 1 800 232-9406 (for Alberta, outside Edmonton) www.icaa.ab.ca
The Institute of Chartered Accountants of British ColumbiaSuite 500, One Bentall Centre 505 Burrard Street, Box 22 Vancouver, British Columbia V7X 1M4 (604) 681-3264 1 800 663-2677 www.ica.bc.ca
If you are in the Yukon, please contact the Institute of Chartered Accountants of British Columbia.
If you are in the Northwest Territories or Nunavut, please contact the Institute of Chartered Accountants of Alberta.
Provincial Institutes/Ordre
The Canadian Institute of Chartered Accountants277 Wellington Street West Toronto, Ontario M5V 3H2 (416) 977-3222 www.cica.ca
© The Canadian Institute of Chartered Accountants NIEDU052