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ASNPO briefing: Section 4449, Combinations by not-for-profit organizations

In March 2021, the Accounting Standards Board (AcSB) issued Section 4449, Combinations by Not-for-Profit Organizations in Part III of the CPA Canada Handbook – Accounting. Learn more about this new section in our briefing.

This briefing summarizes the new accounting guidance included in Section 4449 and provides illustrative examples on its application.

Topics include:

  • scope and definitions of Section 4449
  • distinguishing between a merger and an acquisition
  • accounting for a merger
  • accounting for an acquisition