Revised Reporting Model – PSA Discussion Group
Date recorded:
At their meeting on November 19, 2018, the PSA Discussion Group discussed the merits of PSAB’s proposal that a revenue or expense of a period could be recognized outside of surplus or deficit of the period it arises, directly in a component of net assets of net liabilities. The Group also provided feedback on the proposals in the Statement of Principles regarding the components of net assets (or net liabilities) approach.
Review the detailed report on the PSAB's Web site.