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Section PS 1200 - Financial Statement Presentation [Archived June 2011 on issue of Section PS 1201]

Effective date:

April 1, 2005 except for subsequent amendments

Published by the PSAB:

January 2003

Overview

This Section establishes general reporting principles and standards for the disclosure of information in government financial statements.

History of Section PS 1200

Date

Development

Comments

January 2003

New Section

This new Section replaces Section PS 1500 General Standards of Financial Statement Presentation — Federal, Provincial & Territorial Governments. It recommends general reporting principles and standards for the disclosure of information in government financial statements.

This Section applies to federal, provincial and territorial governments for fiscal years beginning on or after April 1, 2005. Earlier adoption is encouraged.

February 2007

Amendments re: local governments

This Section applies to local governments for fiscal years beginning on or after January 1, 2009. Earlier adoption is encouraged.

June 2011

New Section 1201 Financial statement presentation issued and archiving of Section 1200 Financial statement presentation

New Section PS 1201 Financial Statement Presentation, was issued, revising and replacing Section PS 1200. Section PS 1201 applies in the period Sections PS 2601 Foreign Currency Translation, and PS 3450 Financial Instruments, are adopted.

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

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.