• A&A Knowledge Centre

ASPE Knowledge Centre

Collected here are useful resources to help increase your understanding of the accounting required under Part II of the CPA Canada Handbook – Accounting Standards for Private Enterprises (ASPE).

ASPE - IFRS: A Comparison Series

Are you concerned about potential differences between Accounting Standards for Private Enterprises (ASPE) and International Financial Report Standards (IFRS) for your organization?

This series outlines the extent of differences on a standard-by-standard basis, identifying specific areas where entities may encounter measurement, classification and presentation differences between their current financial reporting under ASPE as compared to IFRS, both currently effective and effective in the future.

View the series now

Annual updates and essential guides


The publications below have been compiled to provide you with a high-level overview of Accounting Standards for Private Enterprises (ASPE) included in Part II of the CPA Handbook – Accounting as of January 1, 2021.

ASPE at a Glance by Standard

Section 1500 - First-time Adoption​

Section 1506 - Accounting Changes​

Section 1582 - Business Combinations​

Section 1601 - Consolidated Financial Statements​

Section 1602 - Non-controlling Interest​

Section 1625 - Comprehensive Revaluation of Assets and Liabilities

Section 1651 - Foreign Currency Translation​

Section 3031 - Inventories​

Section 3041 - Agriculture​

Section 3051 - Investments​

Section 3056 - Interests in Joint Arrangements

Section 3061 - Property Plant and Equipment​

Section 3065 - Leases​

Section 3110 - Asset Retirement Obligations​

Section 3290 - Contingencies​

Section 3400 - Revenue

Section 3462 - Employee Future Benefits​

Section 3475 - Disposal of Long-lived Assets and Discontinued Operations​

Section 3800 - Government Assistance & Investment Tax Credits

Section 3820 - Subsequent Events

Section 3831 - Non-monetary Transactions​

Section 3840 - Related Party Transactions​

Section 3856 - Financial Instruments – Currently in Effect​​

Section 3856 - Financial Instruments – Effective January 1, 2021

Retractable or Mandatorily Redeemable Shares Issued in a Tax Planning Arrangement (RoMRS) - Effective January 1, 2021

Section 3870 - Stock-based Compensation and Other Stock-based Payments​

AcG-18 ​- Investment Companies

Financial Statement Presentation​

Section 3063 - Impairment of Long-lived Assets & Goodwill​

Section 3465 - Income Taxes - Future Income Taxes Method​

Section 3465 - Income Taxes - Taxes Payable Method​

Intangible Assets​

Share Capital, Equity, Reserves and Capital Transactions

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