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Section PS 2100 - Disclosure of accounting policies

Effective date:

September 1, 1983

Published by the PSAB:

September 1983


This Section establishes disclosure standards on the accounting policies adopted by an entity in the preparation and presentation of its financial statements. A clear and concise description of all significant accounting policies of a reporting entity should be included as an integral part of its financial statements.

Appropriate accounting policies are those that result in fair disclosure of financial information. It is important that accounting policies be selected to meet this objective. There are a number of general considerations involved in this selection, including prudence, substance over form and materiality.

History of Section PS 2100




September 1983

New Section

This Section relates to disclosure of the accounting policies adopted by the entity.  The accounting policies are the specific accounting principles used by a reporting entity and the methods for applying those principles.

January 2003 and February 2005

Editorial change

Editorial change to paragraph 9(c).

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.