Applying financial reporting standards can be quite complex. The BDO team can help you assess your situation and prepare for the opportunities and challenges involved.
This section sets out standards for the recognition, measurement, and disclosures of a combination involving two or more not-for-profit organizations that are unrelated parties or related parties.
This section does not apply to the:
- acquisition of a for-profit enterprise by a not-for-profit organization, which is set out by ASPE Section 1582, Business Combinations;
- contribution of a for-profit enterprise to a not-for-profit organization;
- contribution of cash or other assets, which do not constitute a not-for-profit organization, to a not-for-profit organization; or
- formation of a joint venture.