Concepts Underlying Financial Performance – PSAB
Date recorded:
At its meeting on June 22-23, 2017, the PSAB continued to discuss and review the proposed conceptual framework, chapter by chapter. During this meeting the Board considered what the elements of financial statements, such as asset, liability, revenue and expense, should be and how they should be defined. The Board provided its feedback to the Conceptual Framework Task Force.
Review the executive summary on the PSAB's Web site.