Section PS 4200 - Financial statement presentation by not-for-profit organizations

Effective date:

January 1, 2012

Published by the PSAB:

December 2010


This Section establishes presentation and disclosure standards for financial statements of not-for-profit organizations and includes illustrative examples on alternative methods of presentation of financial statements of not-for-profit organizations.

In general, a clear and concise description of a not-for-profit organization's purpose, its intended community of service, its status under income tax legislation and its legal form should be included as an integral part of its financial statements.

Financial statements for a not-for-profit organization normally include:

  1. a statement of financial position;
  2. a statement of operations;
  3. a statement of changes in net assets; 1 and
  4. a statement of cash flows.

An organization that uses fund accounting in its financial statements should provide a brief description of the purpose of each fund reported.

History of Section PS 4200




December 2010

New Section

This new Section is part of the new accounting standards for government not-for-profit organizations establishing recognition, measurement and disclosure standards.

Sections 4200 to 4270 are effective only for government not-for-profit organizations that elect to follow the standards for not-for-profit organizations in the CPA Canada Public Sector Accounting Handbook and are effective for fiscal periods beginning on or after January 1, 2012.

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

Amendments 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.