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Section PS 1100 - Financial statement objectives

Effective date:

April 1, 2005

Published by the PSAB:

January 2003


This Section identifies and describes objectives of government financial statements that are generally acceptable to the users and preparers of the statements. These objectives provide the basis for determining standards of financial statement reporting and accounting principles that are consistent with one another and appropriate for government. Their goal is to improve government financial statements and enhance their comparability.

The objectives of government financial statements that follow are based on the information needs of users, taking into account the limitations of financial statements as a reporting medium, the nature of government operations and legislative control.

History of Section PS 1100




January 2003

New Section

This new Section replaces existing Section PS 1400 Objectives of government financial statements — federal, provincial & territorial governments.

Note: The above summary does not include details of consequential amendments made as the result of other projects.

Public Sector Accounting Discussion Group meetings

  • March 3, 2016 - Sections PS 1000, PS 1100 and PS 1300: Definition of Government in Relation to First Nations Trusts

Amendment under consideration

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.