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Collected here are useful resources to help increase your understanding of the accounting required under the Public Sector Accounting Standards in the CPA Canada Handbook (PSAS).
- Tangible Capital Assets
Section PS 3150 does not apply to: Intangible assets,...
- Asset Retirement Obligations
Applies to: Legal obligations, including obligations created...
- PSG-8—Purchased Intangibles
Accounting for Purchased Intangibles Recognition. Purchased...
- Portfolio Investments
Investments in organizations that do not form part of the...
- Foreign Currency Translation
Transactions of the government whose terms are denominated...
- Financial Instruments
This publication gives a high-level overview of Section PS...
- Contractual Rights
Leap to the cloud Top 5 fraud risks for 2023 Family business...
- Loans Receivable
A loan receivable is a financial asset (as defined in...
- Tangible Capital Assets
This guide defines differences between accrual accounting, authorities accounting, and reporting by objects.
Nov 28, 2023 · Directive on Accounting Standards. Provides the accounting, reporting, and recording framework for the Government of Canada’s consolidated financial statements, departmental financial statements, and quarterly financial reports.
Nov 28, 2023 · The Government of Canada Accounting Handbook (GCAH) provides supplementary information that: States the Government’s accounting choices, where options exist, under Public Sector Accounting Standards (PSAS);
- Measuring Performance in Public Sector Financial Statements
- Reporting The Full Financial Performance Story
- Additional Resources
- Footnotes
While the primary focus is often on the annual operating surplus or deficit, this measure only tells part of the story. Performance measurement is much broader in the public sector than it is for a business enterprise focused primarily on delivering profits. The statement of financial position This financial statement presents net debt or net finan...
Financial statements alone cannot tell the full story of financial performance. This is particularly true in the public sector, where performance objectives extend beyond profitability. For example, financial statements do not demonstrate how efficiently an entity has used its available economic resources when delivering services, or why the actual...
To increase awareness and understanding of public sector financial reporting, the Office of the Auditor General of BC has published several online resources, available at www.bcauditor.com: 1. Understanding Canadian Public Sector Financial Statements 2. Public Sector Accounting Standards - Model Financial Statements for Government Organizations 3. ...
Section 1100 Financial statement objectives – Appendix A of the CPA Canada Public Sector Handbookincludes a full list of unique characteristics and the resulting financial reporting implications.
The Agency uses this information in its financial reporting on the government's portfolio of tax receivables, and it represents the amount of tax loss that will likely be assumed by the federal government.
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This Section describes the concepts underlying the development and use of accounting principles in government financial statements. Such financial statements are designed to meet the common information needs of external users of financial information about a government.
