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Public Sector Accounting Standards (PSAS) | Deloitte CFR

You can find more about each of the standards that form part of the Public Sector Accounting Standards by selecting the standard you are interested in from the following table or from the left navigation where we have categorized the standards by broad categories.

Title Description Effective Date
Section PS 4200 - Financial statement presentation by not-for-profit organizations This Section establishes presentation and disclosure standards for financial statements of not-for-profit organizations. 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.
Section PS 4210 - Contributions — revenue recognition This Section establishes standards for the recognition, measurement, presentation and disclosure of contributions, and related investment income, received by not-for-profit organizations. 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.
Section PS 4220 - Contributions receivable This Section establishes standards for the recognition and disclosure of contributions receivable by not-for-profit organizations. 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.
Section PS 4230 - Capital assets held by not-for-profit organizations This Section deals with accounting for capital assets held by not-for-profit organizations. 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.
Section PS 4240 - Collections held by not-for-profit organizations This Section establishes disclosure standards for collections held by not-for-profit organizations. 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.
Section PS 4250 - Reporting controlled and related entities by not-for-profit organizations This Section establishes standards for the presentation and disclosure of controlled, significantly influenced and other related entities in the financial statements of not-for-profit organizations. 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.
Section PS 4260 - Disclosure of related party transactions by not-for-profit organizations This Section establishes disclosure standards for related party transactions in the financial statements of not-for-profit organizations. The PSAB intends that, for NFPOs that apply the PSA Handbook with Sections PS 4200 to PS 4270 to prepare their financial statements, Section PS 2200 will apply to fiscal years beginning on or after April 1, 2017. Earlier adoption is permitted. Section PS 2200 is to be applied prospectively. The PSAB issued the filing instruction to withdraw Section PS 4260 from the PSA Handbook in December 2016.
Section PS 4270 - Disclosure of allocated expenses by not-for-profit organizations This Section establishes disclosure standards for a not-for-profit organization that classifies its expenses by function and allocates its expenses to a number of functions to which the expenses relate.. 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.
Guideline PSG 2 - Leased tangible capital assets The purpose of this Guideline is to provide guidance to assess whether a government should classify a lease as a leased tangible capital asset. This Guideline applies to federal, provincial and territorial governments for fiscal years beginning on or after April 1, 2000. Earlier adoption is encouraged.
Guideline PSG 4 - Funds and reserves The purpose of this Guideline is to provide guidance on reporting information related to a government's financial funds and reserves that are part of the government reporting entity. This Guideline applies to federal, provincial and territorial governments for fiscal years beginning on or after June 1, 2004. Earlier adoption is encouraged.
Guideline PSG 5 - Sale-leaseback transactions The purpose of this Guideline is to define a sale-leaseback transaction and describe how to account for such transactions when the leaseback involves either a leased tangible capital asset or an operating lease. This Guideline applies to federal, provincial and territorial governments for fiscal years beginning on or after April 1, 2005. Earlier adoption is encouraged.
Guideline PSG 7 - Tangible capital assets of local governments The purpose of this Guideline is to provide transitional guidance to a local government on reporting information related to tangible capital assets in notes or schedules to its financial statements. This Guideline applies to federal, provincial and territorial governments for fiscal years beginning on or after January 1, 2007. Earlier adoption is encouraged.

Correction list for hyphenation

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