Section PS 2510 - Additional areas of consolidation

Effective date:

May 1, 1999

Published by the PSAB:

May 1999


This Section establishes standards on the following consolidation issues that are rare or require particular consideration:

  • accounting for governmental units with non-controlling interests;
  • acquisitions of governmental units;
  • sales of government investments in governmental units; and
  • accounting for the change in status of a governmental unit to a government business enterprise.

This Section is a companion section to  Section PS 2500 Basic Principles of Consolidation, which outlines the basic principles of consolidation involved in preparing government financial statements as required by government reporting entity. Together, these two Sections are intended to provide guidance on the preparation of government financial statements.

History of Section PS 2510




May 1999

New Section

This Section outlines Recommendations that deal with rare issues in government consolidations: acquisitions and sales of governmental units, non-controlling interests, and governmental units that change in status to government business enterprises.

March 2012

Annual improvements

This Section is amended as application of the modified equity method may require the reporting of other comprehensive income.

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

Public Sector Accounting Discussion Group meetings

  • January 7, 2014 - Sections PS 2510 and PS 3230: Presenting Debt Obligations of a Government Business Enterprise

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.