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GAAP For Non-Profits › Reconciliation to the CICA Handbook

Reconciliation to the CICA Handbook

This page reconciles the italicized recommendations "main principles" of the CICA Handbook with the discussion of this site.


s. 1001 Financial Statement Concepts
No recommendations, some guidance discussed in General Presentation Matters and General Reporting Matters.

s. 1101 Generally Accepted Accounting Principles
.03 General Reporting Matters
.04 General Reporting Matters

s. 1401 General Standards
.03 General Presentation Matters
.04 General Presentation Matters
.13 General Presentation Matters
.17 General Presentation Matters
.18 General Presentation Matters
.19 General Presentation Matters

s. 1501 First Time Adoption
.05 General Presentation Matters
.07 General Presentation Matters
.08 General Presentation Matters
.28 General Presentation Matters
.29 General Presentation Matters
.30 General Presentation Matters
.31 General Presentation Matters
.32 General Presentation Matters
.33 General Presentation Matters
.34 General Presentation Matters

s. 1505 Accounting Policies
.03 General Presentation Matters
.06 General Presentation Matters

s. 1506 Accounting Changes
.03 General Presentation Matters
.06 General Presentation Matters
.08 General Presentation Matters
.09 General Presentation Matters
.10 General Presentation Matters
.13 General Presentation Matters
.14 General Presentation Matters
.15 General Presentation Matters
.16 General Presentation Matters
.23 General Presentation Matters
.24 General Presentation Matters
.27 General Presentation Matters
.34 General Presentation Matters
.35 General Presentation Matters
.36 General Presentation Matters
.37 General Presentation Matters

s.1508 Measurement Uncertainty
.05 Measurement Uncertainty
.06 Measurement Uncertainty
.07 Measurement Uncertainty

s. 1510 Current Assets and Liabilities
.03 Summarized: Statement of Fin. Position
.04 Summarized: Statement of Fin. Position
.05 Investments
.06 Summarized: Statement of Fin. Position
.07 Summarized: Statement of Fin. Position
.08 Summarized: Statement of Fin. Position
.09 Summarized: Statement of Fin. Position
.10 Summarized: Statement of Fin. Position
.11 Summarized: Statement of Fin. Position
.12 Summarized: Statement of Fin. Position
.15 Payables and other Liabilities

s. 1540 Cash Flow Statement
.03 Cash Flow
.12Cash Flow
.20 Cash Flow
.23Cash Flow
.25Cash Flow
.27 Foreign currency
.29 Foreign operations not discussed
.31Interest and dividends
.34 Income taxes
.38 Cash Flow
.41 Non-cash transactions
.44 Cash Flow
.47 Cash Flow
.48 Cash Flow

s. 1582 Business Combinations; s. 1590 Subsidiaries, 1601 Consolidated Financial Statements, s. 1602 Non-controlling interests, s. 1625 Comprehensive Revaluation of Assets and Liabilities
Not discussed in detail. The principles are alluded to in Controlled NPO’s.

s. 1651 Foreign Currency Translation
.14 Foreign Currency
.16 Foreign Currency
.18 Non-monetary foreign currency assets carried at
market, not relevant for most NPOs
.20 Foreign Currency
.22-.57 consolidation of the financial statements of foreign operations not discussed
 

s. 1800 Unincorporated Business
NA

s. 3031 Inventories
.10 Inventory
.11 Inventory
.12 Inventory
.22 Inventory
.24 Inventory
.33 Inventory
.35 Inventory

s. 3032 Inventories for NPOs
.03 Inventory
.05 Inventory

s. 3051 Investments
Not discussed, deals with the accounting for significant influence (20%-50%) ownership of a for-profit

s. 3055 Interests in Joint Ventures
Not discussed

s. 3061 Property, Plant and Equipment
see s. 4031

s. 3063 Impairment of Long-lived assets
write downs are discussed in s. 4431, s.4432 Part III
this section simply describes that assets should be written down if the present value of future cash flows is less than the carrying value

s. 3064 Goodwill and Intangible Assets
see s. 4432 

s. 3065 Leases
.09 Leases
.10 Leases
.15 Leases
.19 Leases
.21 Leases
.22 Leases
.23 Leases
.25 Leases
.28 Renogiated leases and lease rentals not discussed
.35-.58 Accounting treatment for lessors is not discussed
.63-.69 Sales-leasebacks are not discussed
.73-.77 Leases
.78-.81 Accounting treatment for lessors is not discussed

s. 3110 Asset Retirement Obligations
.09 Capital Assets
.16 Capital Assets
.19 Capital Assets
.23 Capital Assets

s. 3240 Share Capital
NA

s. 3251 Equity
NA

s. 3260 Reserves
NA

s. 3280 Contractual Obligations
.02 Contractual Obligations

s. 3290 Contingencies
.12 Contingencies
.17 Contingencies
.18 Contingencies
.19 Contingencies
.23 Contingencies


s. 3400 Revenue
.04 Sales and Service Revenue
.05 Sales and Service Revenue
.06 Sales and Service Revenue
.12 Investment Income
.29 Discussed under various headings
.31Discussed under various headings
.33 Discussed under various headings

s. 3461 Employee Future Benefits
Pension Plans, a very complex area, not discussed here.

s. 3465 Income Taxes
NA

s. 3475 Disposal of Long Lived Assets and Discontinued Operations
.04 Not relevant to NPOs
.08 Not relevant to NPOs
.09 Not relevant to NPOs
.13 Not relevant to NPOs
.19 Not relevant to NPOs
.23 Not relevant to NPOs
.27 Discontinued Operations
.30 Discontinued Operations
.33 Discontinued Operations
.36 Not relevant to NPOs
.37 Discontinued Operations
.38 Not relevant to NPOs

s. 3610 Capital Transactions
NA

s. 3800 Government Assistance
NA

s. 3805 Investment Tax Credits
NA

s. 3820 Subsequent Events
.07 Subsequent Events
.09 Subsequent Events
.10 Subsequent Events
.11 Subsequent Events

s. 3831 Non-Monetary Transactions
Generally not applicable to NPOs


 

s. 3840 Related Party Transactions
See s.4460 Part III

s. 3841 Economic Dependence
.02 Economic Dependence

s. 3850 Interest Capitalized
.03 Capital Assets

s. 3856 Financial Instruments
.06 Financial Instruments
.07 Financial Instruments
.08 Financial Instruments
.10 Financial Instruments
.11 Financial Instruments
.12 Financial Instruments
.13 Financial Instruments
.14 Financial Instruments
.15 Financial Instruments
.16 Financial Instruments
.17 Financial Instruments
.19 Financial Instruments
.20 to .23 Accounting for Issuance of Complex instruments not discussed
.24 Financial Instruments
.25 Financial Instruments
.26 Financial Instruments
.31 - .36 Hedge Accounting not discussed
.37-.54 Disclosure requirements

s. 3870 Stock-based Compensation and Other Stock-based Payments

NA

s. 4400 F/S Presentation for Non-Profits
.04 General Presentation Matters
.06 Fund Accounting
.12 Transfers
.13 Transfers
.14 Transfers
.18 Statement of Financial Position
.19 Net Assets
.26 Deferred Contributions; Net Assets
.28 Deferred Contributions; Net Assets
.33 Statement of Operations
.35 Statement of Operations
.37 Contributions; Sales and Service Revenue;
Investment Income
.41 Statement of Changes in Net Assets
.46 Statement of Cash Flows, addressed by s.1540 

s. 4410 Contributions - Revenue Recognition
.10 Contributions: Revenue Recognition Principles
.16 Contributions: Donated Materials and Services
.19 Contributions: Revenue Recognition Principles
.21 Contributions: Endowments
.22 Contributions
.23 Contributions: Donated Materials and Services
.24 Contributions: Donated Materials and Services
.29 Contributions: Endowments
.31 Contributions: Contributions for Future Expenses
.33 Contributions: Capital Contributions
.34 Contributions: Capital Contributions
.38 Contributions: Contributions to Repay Debt
.39 Contributions: Contributions to Repay Debt
.40 Contributions: Contributions to Repay Debt
.45 Contributions: Contributions for Future Expenses
.47 Contributions: Revenue Recognition Principles
.49 Investment Income
.52 Deferred Contributions
.53 Deferred Contributions
.55 Investment Income
.60 Contributions: Endowments
.62 Contributions: Revenue Recognition Principles
.65 Contributions: Revenue Recognition Principles
.68 Contributions: Revenue Recognition Principles
.70 Investment Income
.73 Deferred Contributions
.74 Deferred Contributions
.76 Investment Income

s. 4420 Contributions Receivable
.03 Contributions Receivable
.08 Contributions Receivable

s. 4431 Capital Assets
.06 Capital Assets
.16 Capital Assets
.23 Capital Assets
.26 Capital Assets
.29 Capital Assets
.30 Capital Assets
.31 Capital Assets
.32 Capital Assets
.35 Contributions: Capital Contributions
.36 Contributions: Capital Contributions
.38 Capital Assets

s. 4432 Intangible Capital Assets
.07 Capital Assets
.10 Capital Assets
.11 Capital Assets

s. 4440 Collections
.07 Collections

s. 4450 Reporting Related Entities (RRE’s)
.14 RRE’s: Controlled NPO’s
.15 RRE’s: Controlled NPO’s
.22 RRE’s: Controlled NPO’s
.26 RRE’s: Controlled NPO’s
.30 RRE’s: Controlled Profits
.31 RRE’s: Controlled Profits
.32 RRE’s: Controlled Profits
.36 RRE’s: Joint Ventures
.37 RRE’s: Joint Ventures
.38 RRE’s: Joint Ventures
.40 RRE’s: Significant Influence
.43 RRE’s: Significant Influence
.45 RRE’s: Economic Influence
.47 Reporting Related Entities

s. 4460 Related Party Transactions
.07 Related Party Transactions 
 
s. 4470 Allocated Expenses
.08 Expenses