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ASPE Knowledge Centre

ASPE at a Glance

This publication has been compiled to assist users in gaining a high level overview of Accounting Standards for Private Enterprises (ASPE) included in Part II of the CPA Canada Handbook - Accounting as of October 31, 2019.

Not every standard is included in this ASPE at a Glance publication. This publication focuses on recognition, measurement and presentation and does not cover disclosure requirements. Many of the standards that are not included in this publication are focused on disclosure.

If a standard has been revised or replaced the new version of the standard is included in the main section of this publication. Any superseded standards that are still in effect have been included at the end of this publication.

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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

Related Publications
Date Title
Sept 23, 2019 Accounting Standards for Private Enterprises (ASPE) Update 2019
Sept 17, 2018 Accounting Standards for Private Enterprises (ASPE) Update 2018
Oct 16, 2017 Accounting Standards for Private Enterprises (ASPE) Update 2017
Dec 05, 2016 ASPE Practice Aid: Section 1591, Subsidiaries
Dec 05, 2016 Accounting Standards for Private Enterprises (ASPE) Update 2016
Feb 10, 2015 Revenue Recognition for Private Enterprises: An opportunity for change
Oct 17, 2014 ASPE Update 2014
Sep 15, 2014 Employee Future Benefits: What you need to know about Sections 3462 and 3463
Jan 17, 2014 Accounting Standards for Private Enterprises (ASPE) Update 2013
Jun 23, 2011 A Guide to Financial Instruments for Private Enterprises and Not-For-Profit Organizations
Jun 23, 2011 A Guide to Hedge Accounting for Private Enterprises and Not-For-Profit Organizations

Please choose below to access individual ASPE at a Glance per standard or download the full publication now.

ASPE at a Glance per standard
Section Title
Section 1500 First-time Adoption​
Section 1506 Accounting Changes​
Section 1582 Business Combinations​
Section 1591 Subsidiaries
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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