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Private Not-for-Profit Organizations
Organizations that operate for the public good without the intention of making profits for owners or shareholders.
ASPE
A framework of accounting guidelines tailored for privately owned Canadian entities to maintain consistency in financial reporting.
IFRS
International Financial Reporting Standards, a set of accounting guidelines providing a global framework for financial statements.
Deferral Method
An accounting procedure that postpones the recognition of certain income or expenses until a later accounting period.
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