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ARTICLE · 16 FEBRUARY 2017

Technical Bulletin: February 2017

Collins Barrow National Incorporated
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ACCOUNTING STANDARDS FOR PRIVATE ENTERPRISES (ASPE) - Active projects – watch for further activity on these matters.

CanadaAccounting and Audit
Collins Barrow National Cooperative Inc.
Collins Barrow National Cooperative Inc.
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ACCOUNTING

ACCOUNTING STANDARDS FOR PRIVATE ENTERPRISES (ASPE)

Active projects – watch for further activity on these matters

Proposed change Summary Status
Redeemable Preferred Shares Issued in a Tax Planning Arrangement Amendment to Section 3856 regarding the current exemption of classifying redeemable preferred shares issued in a tax planning arrangement as equity. The AcSB is considering retaining the exception. Currently in deliberations. The AcSB has decided that the effective date of any such change will be no earlier than January 1, 2018.
Agriculture As a result of a lack of specific authoritative guidance, there is diversity in accounting by private enterprises for biological assets and agricultural produce. Stakeholder input to this Discussion Paper will assist the AcSB in deciding whether to develop authoritative guidance, and if so, the issues to be addressed and how they could be addressed.

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