{"text_format":"1","workbook":"xlsx","n_sheets":47,"sheets":["FIPO","INSTRUCTIONS","Version History","Index","Intro","PS 1000","PS 1150","PS 1201","PS 2100","PS 2120","PS 2125","PS 2130","PS 2200","PS 2400","PS 2500","PS 2510","PS 2601","PS 2700","PS 3041","PS 3050","PS 3060","PS 3160","PS 3200","PS 3210","PS 3230","PS 3250","PS 3255","PS 3260","PS 3280","PS 3300","PS 3310","PS 3320","PS 3380","PS 3390","PS 3400","PS 3420","PS 3430","PS 3450","PS 4200","PS 4210","PS 4220","PS 4230","PS 4240","PS 4250","PS 4270","PSG-2","PSG-5"],"not_rendered":{"charts":0,"images":1,"macros":1,"external_links":0,"defined_names":95,"comments":0,"pivot_tables":0},"unopened":[],"bounds":{"document_bytes":16777216,"sheet_cells":100000,"rows_first":2000,"rows_last":500,"rows_between":2000,"halvings":0,"cell_chars":16384,"cell_head_chars":4096},"cells_cut":0,"cells_raw":0,"read":"whole","date_system":"1900"}

{"sheet":"FIPO","index":0,"n_rows":19,"n_cols":7,"rows_kept":19,"cut":false,"hidden":true,"merged":[]}
["List options (To be hidden on index tab or Super hidden sheet - VBA can hide a sheet that is cant be unhidden without using VBA)"]
["Yes",null,null,null,null,null,"Unmerge all"]
["No",null,"Applicable",null,null,null,"X=CONCATENATE(LEFT($C$7,8),LEFT(C8,4)) for standard + #s"]
["N/A",null,"Not Applicable",null,null,null,"X=MID(D8,5,LEN(D8)-4) to remove #s from Requirement"]
[null,null,null,null,null,null,"a/b/c=copy n paste over"]
[null,null,null,null,null,null,"Repaste value only to remove formula"]
[]
[]
["SecurityLabelling"]
["UNCLASSIFIED"]
["NON CLASSIFIÉ"]
["PROTECTED A"]
["PROTÉGÉ A"]
["PROTECTED B"]
["PROTÉGÉ B"]
["PROTECTED A (when completed)"]
["PROTÉGÉ A (lorsque rempli)"]
["PROTECTED B (when completed)"]
["PROTÉGÉ B (lorsque rempli)"]

{"sheet":"INSTRUCTIONS","index":1,"n_rows":27,"n_cols":2,"rows_kept":27,"cut":false,"hidden":false,"merged":[]}
[null,"PROTECTED A (when completed)"]
[null,"GNFPO Presentation and Disclosure Checklist"]
[null,"INSTRUCTIONS"]
[]
[null,"Terms of Use"]
[null,"This workbook summarises the presentation and disclosure requirements for GNFPOs set out in Public Sector Accounting Standards (PSAS) up to an including Highlight Summary No. 53. It may be used as a guide to assist in considering compliance with the requirements of PSAS for GNFPOs. It is not a substitute for understanding the requirements in the standards."]
[null,"PSASs are constantly changing.  Please ensure that you use the most current checklist."]
[null,"Important Excel Macro and Conditional Formatting Warnings"]
[null,"*Please do not add, move or delete any tabs in this workbook as this will cause the macros and/or conditional formatting to stop working as designed.*  "]
[null,"The worksheets have been protected (without a password) in order to avoid errors related to macro settings, conditional formatting and status of completion formulas.  It is recommended that users maintain the protected status of the workbook in order to maintain the benefits and features."]
[null,"File Structure and Process"]
[null,"- INSTRUCTIONS"]
[null,"The \"INSTRUCTIONS\"  worksheet contains terms of use and important instructions for using this workbook."]
[null,"- Index"]
[null,"Users should start from the “Index” worksheet to indicate the applicability of the standard to the audit engagement by selecting \"Applicable\" or \"Not Applicable\" from the dropdown box."]
[null,"The \"Index\" worksheet provides an overview of and a link to all PSASs included in this checklist. When “Applicable” is selected, the tab for that standard turns green.  When “Not Applicable” is selected, the tab for that standard turns black and the checklist input fields are greyed out.  "]
[null,"The \"Index\" worksheet also provides a “Comments” section and a “Status” section which tracks completion of the applicable checklist.  Once all “Results” fields on the applicable checklist are completed, the status column will turn green, otherwise it will be red and indicate that the related checklist is incomplete."]
[null,"- PS [standard number]"]
[null,"Each checklist contains the requirements of the standard.  Fields that do not require input are greyed out.  "]
[null,"The detailed requirements generally need a \"Yes\", \"No\" or \"N/A\" response. Depending on the response, you may need to take further action.  A \"Yes\" response does not necessarily result in compliance with the standards. A “No” response indicates, in most cases, non-compliance with the standard. An explanation should be provided in the Comments column."]
[null,"Overall Checklist Structure"]
[null,"Every checklist includes five columns"]
[null,"- Standard Reference : Reference to the related paragraph in the Standard."]
[null,"- Requirement: Contains the detailed requirement from the Standard."]
[null,"- Yes /No /N/A : Answers. Exclusively Yes, No or N/A."]
[null,"- FS Reference : The FS reference that meets the specific requirement can be added."]
[null,"- Comments : To be completed when a discrepancy with the requirement is noted or to explain why a specific requirement is not applicable to an entity."]

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[]
[null,null,"PROTECTED A (when completed)"]
[null,null,"GNFPO Presentation and Disclosure Checklist"]
[]
[null,null,"Standard","Changes Made","Date of Change","Reason for Change"]
[null,null,null,null,null,null,null,null," "]
[null,null,"PS 1200","Removed","Nov-2022","Withdrawn on adoption of PS 3450"]
[null,null,"PS 2600","Removed","Nov-2022","Withdrawn on adoption of PS 3450"]
[null,null,"PS 3030","Removed","Nov-2022","Withdrawn on adoption of PS 3041"]
[null,null,"PS 3040","Removed","Nov-2022","Withdrawn on adoption of PS 3450"]
[null,null,"PS 3270","Removed","Nov-2022","Withdrawn on adoption of PS 3280"]
[null,null,"PS 1201","Updated","Oct-2021","Change to effective date for governments, amendments"]
[null,null,"PS 2200","Updated","Oct-2021","Consequential amendments as a result of 2019-2020 annual improvements"]
[null,null,"PS 2601","Updated","Oct-2021","Change to effective date for governments, amendments"]
[null,null,"PS 2700","Updated","Oct-2021","Consequential amendments as a result of 2019-2020 annual improvements"]
[null,null,"PS 3041","Updated","Oct-2021","Change to effective date for governments"]
[null,null,"PS 3060","Updated","Oct-2021","Consequential amendments as a result of 2018-2019 annual improvements"]
[null,null,"PS 3160","Added","Oct-2021","New standard"]
[null,null,"PS 3230","Updated","Oct-2021","Updated as a consequence of amendments to PS 3450"]
[null,null,"PS 3280","Updated","Oct-2021","Change to effective date"]
[null,null,"PS 3400","Updated","Oct-2021","Change to effective date"]
[null,null,"PS 3430","Updated","Oct-2021","Consequential amendments as a result of 2019-2020 annual improvements"]
[null,null,"PS 3450","Updated","Oct-2021","Change to effective date for governments, amendments"]
[null,null,"PSG-2","Updated","Oct-2021","Consequential amendments as a result of 2019-2020 annual improvements"]
[null,null,"PS 3400","Added","Oct-2019","New standard"]
[null,null,"PS 1201","Updated","Oct-2018","Change to effective date for for governments"]
[null,null,"PS 2601","Updated","Oct-2018","Change to effective date for for governments"]
[null,null,"PS 3260","Updated","Oct-2018","Updated as a consequence of the issuance of Section PS 3280"]
[null,null,"PS 3280","Added","Oct-2018","New standard"]
[null,null,"PS 3450","Updated","Oct-2018","Change to effective date for for governments"]
[null,null,"PSG-6","Removed","Oct-2017","Withdrawn June 2011"]
[]
[]
[]
[null,null,"Standards not included in this checklist"]
[]
[null,null,"The following standards have not been included in this checklist as there are no specific presentation or disclosure requirements:"]
[null,null,"PS 1100","Financial Statement Objectives"]

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[null,"INSTRUCTIONS",null,"PROTECTED A (when completed)"]
[null,"Public Sector Accounting Standards-GNFPO Accounting"]
[null,"Presentation and Disclosure Checklist"]
[null,"Use of this template to review financial statement presentation and disclosure is not a substitute for the careful application of the standards contained in the PSA Handbook including the presentation and disclosure requirements contained therein."]
[null,"Highlight summary no. 53 (June 2021)"]
[null,"Standards \nNote: Standard Tabs and Index Tab are hyperlinked to each other","Select whether Standard is Applicable or Not","Comments","Status"]
[null,"Introduction to accounting standards that apply only to government not-for-profit organizations",null,null,{"$f":"IF(C7=\"\",\"\",IF(C7=FIPO!$C$3,IF(COUNTBLANK(Intro!D4:D8)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 1000 Financial Statement Concepts\nIn the event that the provisions of Section PS 1000 conflict with Sections PS 4210 and PS 4230 on the deferral of contributions and costs, Sections PS 4210 and PS 4230, respectively, apply.",null,null,{"$f":"IF(C8=\"\",\"\",IF(C8=FIPO!$C$3,IF(COUNTBLANK('PS 1000'!D4:D6)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 1150 Generally Accepted Accounting Principles",null,null,{"$f":"IF(C9=\"\",\"\",IF(C9=FIPO!$C$3,IF(COUNTBLANK('PS 1150'!D4:D8)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 1201 Financial Statement Presentation\nSection PS 1201 applies for preparing the statement of cash flows and statement of remeasurement gains and losses. Section PS 4200 applies for the remaining financial statement.\nThis Section replaces PS 1200 and applies in the period FOREIGN CURRENCY TRANSLATION, Section PS 2601, and FINANCIAL INSTRUMENTS, Section PS 3450, are adopted. PS 2601 and PS 3450 apply as follows: for government organizations, for fiscal years beginning on or after 1 April 2012; for governments, fiscal years beginning on or after 1 April 2022. Earlier adoption is permitted.",null,null,{"$f":"IF(C10=\"\",\"\",IF(C10=FIPO!$C$3,IF(COUNTBLANK('PS 1201'!D4:D61)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 2100 Disclosure of Accounting Policies",null,null,{"$f":"IF(C11=\"\",\"\",IF(C11=FIPO!$C$3,IF(COUNTBLANK('PS 2100'!D4:D11)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 2120 Accounting Changes",null,null,{"$f":"IF(C12=\"\",\"\",IF(C12=FIPO!$C$3,IF(COUNTBLANK('PS 2120'!D4:D22)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 2125 First-time Adoption by Government Organizations",null,null,{"$f":"IF(C13=\"\",\"\",IF(C13=FIPO!$C$3,IF(COUNTBLANK('PS 2125'!D4:D10)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 2130 Measurement Uncertainty",null,null,{"$f":"IF(C14=\"\",\"\",IF(C14=FIPO!$C$3,IF(COUNTBLANK('PS 2130'!D4:D14)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 2200 Related party disclosures",null,null,{"$f":"IF(C15=\"\",\"\",IF(C15=FIPO!$C$3,IF(COUNTBLANK('PS 2200'!D5:D13)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 2400 Subsequent Events",null,null,{"$f":"IF(C16=\"\",\"\",IF(C16=FIPO!$C$3,IF(COUNTBLANK('PS 2400'!D4:D9)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 2500 Basic Principles of Consolidation",null,null,{"$f":"IF(C17=\"\",\"\",IF(C17=FIPO!$C$3,IF(COUNTBLANK('PS 2500'!D4)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 2510 Additional Areas of Consolidation",null,null,{"$f":"IF(C18=\"\",\"\",IF(C18=FIPO!$C$3,IF(COUNTBLANK('PS 2510'!D4:D14)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 2601 Foreign Currency Translation\nThis section replaces PS 2600 and applies to fiscal periods beginning on or after 1 April 2012 for government organizations (1 April 2022 for governments). Earlier adoption is encouraged. In the fiscal year a government organization or a government adopts this Section, it also adopts FINANCIAL INSTRUMENTS, Section PS 3450.",null,null,{"$f":"IF(C19=\"\",\"\",IF(C19=FIPO!$C$3,IF(COUNTBLANK('PS 2601'!D4:D12)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 2700 Segment Disclosures",null,null,{"$f":"IF(C20=\"\",\"\",IF(C20=FIPO!$C$3,IF(COUNTBLANK('PS 2700'!D4:D20)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3041 Portfolio investments\nThis section replaces PS 3040 and applies in the period FINANCIAL STATEMENT PRESENTATION, Section PS 1201, FOREIGN CURRENCY TRANSLATION, Section PS 2601, and FINANCIAL INSTRUMENTS, Section PS 3450, are adopted. PS 2601 and PS 3450 apply as follows: for government organizations, for fiscal years beginning on or after 1 April 2012; for governments, fiscal years beginning on or after 1 April 2022. Earlier adoption is permitted.",null,null,{"$f":"IF(C21=\"\",\"\",IF(C21=FIPO!$C$3,IF(COUNTBLANK('PS 3041'!D4:D10)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3050 Loans Receivable",null,null,{"$f":"IF(C22=\"\",\"\",IF(C22=FIPO!$C$3,IF(COUNTBLANK('PS 3050'!D4:D22)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3060 Government Partnerships",null,null,{"$f":"IF(C23=\"\",\"\",IF(C23=FIPO!$C$3,IF(COUNTBLANK('PS 3060'!D4:D17)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3160 Public Private Partnerships\nApplies to fiscal years beginning on or after 1 April 2023. Early adoption is encouraged.",null,null,{"$f":"IF(C24=\"\",\"\",IF(C24=FIPO!$C$3,IF(COUNTBLANK('PS 3160'!D4:D15)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3200 Liabilities\nGrants: Section PS 3200 applies for grants made. Section PS 4210 applies for government grants received.",null,null,{"$f":"IF(C25=\"\",\"\",IF(C25=FIPO!$C$3,IF(COUNTBLANK('PS 3200'!D4)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3210 Assets",null,null,{"$f":"IF(C26=\"\",\"\",IF(C26=FIPO!$C$3,IF(COUNTBLANK('PS 3210'!D4)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3230 Long-term Debt",null,null,{"$f":"IF(C27=\"\",\"\",IF(C27=FIPO!$C$3,IF(COUNTBLANK('PS 3230'!D4:D36)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3250 Retirement Benefits",null,null,{"$f":"IF(C28=\"\",\"\",IF(C28=FIPO!$C$3,IF(COUNTBLANK('PS 3250'!D4:D53)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3255 Post-employment Benefits, Compensated Absences and Termination Benefits",null,null,{"$f":"IF(C29=\"\",\"\",IF(C29=FIPO!$C$3,IF(COUNTBLANK('PS 3255'!D4:D5)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3260 Liability for Contaminated Sites",null,null,{"$f":"IF(C30=\"\",\"\",IF(C30=FIPO!$C$3,IF(COUNTBLANK('PS 3260'!D4:D17)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3280 Asset Retirement Obligations\nApplies to fiscal years beginning on or after 1 April 2022.  Early adoption is permitted.",null,null,{"$f":"IF(C31=\"\",\"\",IF(C31=FIPO!$C$3,IF(COUNTBLANK('PS 3280'!D4:D20)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3300 Contingent Liabilities",null,null,{"$f":"IF(C32=\"\",\"\",IF(C32=FIPO!$C$3,IF(COUNTBLANK('PS 3300'!D4:D15)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3310 Loan Guarantees",null,null,{"$f":"IF(C33=\"\",\"\",IF(C33=FIPO!$C$3,IF(COUNTBLANK('PS 3310'!D4:D18)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3320 Contingent Assets",null,null,{"$f":"IF(C34=\"\",\"\",IF(C34=FIPO!$C$3,IF(COUNTBLANK('PS 3320'!D4:D9)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3380 Contractual Rights",null,null,{"$f":"IF(C35=\"\",\"\",IF(C35=FIPO!$C$3,IF(COUNTBLANK('PS 3380'!D4)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3390 Contractual Obligations",null,null,{"$f":"IF(C36=\"\",\"\",IF(C36=FIPO!$C$3,IF(COUNTBLANK('PS 3390'!D4)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3400 Revenue\nApplies to fiscal years beginning on or after 1 April 2023. Early adoption is permitted.",null,null,{"$f":"IF(C37=\"\",\"\",IF(C37=FIPO!$C$3,IF(COUNTBLANK('PS 3400'!D4:D11)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3420 Inter-entity Transactions",null,null,{"$f":"IF(C38=\"\",\"\",IF(C38=FIPO!$C$3,IF(COUNTBLANK('PS 3420'!D4)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3430 Restructuring Transactions",null,null,{"$f":"IF(C39=\"\",\"\",IF(C39=FIPO!$C$3,IF(COUNTBLANK('PS 3430'!D4:D28)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 3450 Financial Instruments\nApplies to fiscal periods beginning on or after 1 April 2012 for government organizations (1 April 2022 for governments). Earlier adoption is encouraged. In the fiscal year a government organization or a government adopts this Section, it also adopts FOREIGN CURRENCY TRANSLATION, Section PS 2601.",null,null,{"$f":"IF(C40=\"\",\"\",IF(C40=FIPO!$C$3,IF(COUNTBLANK('PS 3450'!D4:D165)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 4200 Financial statement presentation by not-for-profit organizations",null,null,{"$f":"IF(C41=\"\",\"\",IF(C41=FIPO!$C$3,IF(COUNTBLANK('PS 4200'!D4:D70)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 4210 Contributions—Revenue Recognition",null,null,{"$f":"IF(C42=\"\",\"\",IF(C42=FIPO!$C$3,IF(COUNTBLANK('PS 4210'!D4:D43)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 4220 Contributions Receivable",null,null,{"$f":"IF(C43=\"\",\"\",IF(C43=FIPO!$C$3,IF(COUNTBLANK('PS 4220'!D4:D6)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 4230 Capital Assets Held by Not-for-Profit Organizations",null,null,{"$f":"IF(C44=\"\",\"\",IF(C44=FIPO!$C$3,IF(COUNTBLANK('PS 4230'!D4:D17)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 4240 Collections Held by Not-for-Profit Organizations",null,null,{"$f":"IF(C45=\"\",\"\",IF(C45=FIPO!$C$3,IF(COUNTBLANK('PS 4240'!D4:D13)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 4250 Reporting Controlled and Related Entities by Not-for-Profit Organizations",null,null,{"$f":"IF(C46=\"\",\"\",IF(C46=FIPO!$C$3,IF(COUNTBLANK('PS 4250'!D4:D45)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PS 4270 Disclosure of Allocated Expenses by Not-for-Profit Organizations",null,null,{"$f":"IF(C47=\"\",\"\",IF(C47=FIPO!$C$3,IF(COUNTBLANK('PS 4270'!D4:D5)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PSG-2 Leased Tangible Capital Assets",null,null,{"$f":"IF(C48=\"\",\"\",IF(C48=FIPO!$C$3,IF(COUNTBLANK('PSG-2'!D4:D15)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]
[null,"PSG-5 Sale-leaseback Transactions",null,null,{"$f":"IF(C49=\"\",\"\",IF(C49=FIPO!$C$3,IF(COUNTBLANK('PSG-5'!D4:D6)>0,\"Incomplete\",\"Complete\"),FIPO!$C$4))","v":""}]

{"sheet":"Intro","index":4,"n_rows":14,"n_cols":6,"rows_kept":14,"cut":false,"hidden":false,"merged":[[0,4,0,5],[11,1,11,5],[12,1,12,5],[13,1,13,5],[3,1,5,1],[6,1,7,1],[1,1,1,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"Introduction to accounting standards that apply only to government not-for-profit organizations"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,".01 ","APPLICATION","x","x","x"]
[null,null,"The CPA Canada Public Sector Accounting (CPA Canada PSA) Handbook applies to all governments and those organizations that consider it to be the appropriate source of generally accepted accounting principles (GAAP) with respect to their objectives and circumstances. A government not-for-profit organization (GNFPO) is a government organization that meets the definition of a not-for-profit organization (note) and has counterparts outside the public sector as defined in the INTRODUCTION TO PUBLIC SECTOR ACCOUNTING STANDARDS, paragraph 07."]
[null,null,"Note: Not-for-profit organizations are defined in FINANCIAL STATEMENT PRESENTATION BY NOT-FOR-PROFIT ORGANIZATIONS, Section PS 4200.","x","x","x"]
[null,".02 ","The Sections that follow this Introduction apply only to GNFPOs that elect to follow the standards for not-for-profit organizations in the CPA Canada PSA Handbook. These Sections deal with matters that are unique to not-for-profit organizations, or with issues where the needs of financial statement users indicate that different requirements from those that apply to governments, other government organizations or government business enterprises are appropriate. These Sections have not been assessed for consistency with the concepts set out in FINANCIAL STATEMENT CONCEPTS, Section PS 1000."]
[null,null,"Note: If a GNFPO does not elect to use the 4200 sections, it should refer to the “Public Sector Accounting Standards (excluding PS 4200 series)—Presentation & Disclosure Checklist” for further guidance.","x","x","x"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 1000","index":5,"n_rows":12,"n_cols":6,"rows_kept":12,"cut":false,"hidden":false,"merged":[[1,1,1,5],[0,4,0,5],[9,1,9,5],[10,1,10,5],[11,1,11,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 1000 Financial Statement Concepts"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 1000 .24 ","Financial statements should communicate information that is relevant to the needs of those for whom the statements are prepared, reliable, comparable, understandable and clearly presented in a manner that maximizes its usefulness. [APRIL 2005]"]
[null,"PS 1000 .34 ","The elements of government financial statements include: assets (both financial and non-financial), liabilities, revenues, and expenses. Revenues and expenses and, therefore, operating results for an accounting period, result only from changes in assets and liabilities. Operating results, when taken together with amounts reported in the statement of remeasurement gains and losses, account for the change in net economic resources for an entity for a period and, except in specific circumstances, articulate that change (economic, financial and non-financial resources are defined in FINANCIAL STATEMENT OBJECTIVES, Section PS 1100). Specific circumstances affecting net economic resources that are excluded from operations are identified in individual Sections of the PSA Handbook, for example ACCOUNTING CHANGES, Section PS 2120. Definitions of the elements that together comprise operating results, revenues and expenses, are derived from the definitions of assets and liabilities."]
[null,"PS 1000 .52 ","Recognition is the process of including an item in the financial statements of an entity. Recognition consists of the addition of the amount involved into item totals on a financial statement together with a narrative description of the item (for example, receivables, user fees, grants) in a statement. Similar items may be grouped together in the financial statements for the purpose of presentation."]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 1150","index":6,"n_rows":15,"n_cols":6,"rows_kept":15,"cut":false,"hidden":false,"merged":[[14,1,14,5],[4,1,7,1],[1,1,1,5],[0,4,0,5],[12,1,12,5],[13,1,13,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 1150 Generally Accepted Accounting Principles"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 1150 .04 ","A public sector reporting entity should apply every primary source of GAAP that deals with the accounting and reporting in financial statements of transactions or events encountered by the public sector reporting entity. [APRIL 2005]"]
[null,"PS 1150 .05 ","When the primary sources of GAAP do not deal with the accounting and reporting in financial statements of transactions or events encountered by the public sector reporting entity, or additional guidance is needed to apply a primary source to specific circumstances, the selection of an appropriate accounting policy requires the exercise of professional judgment. In these circumstances, a public sector reporting entity should adopt accounting policies and disclosures that are consistent with:","x","x","x"]
[null,null,"(a) the primary sources of GAAP; and"]
[null,null,"(b) the application of the concepts described in FINANCIAL STATEMENT CONCEPTS, Section PS 1000. [APRIL 2005 *]"]
[null,null,"* Editorial change—February 2007.","x","x","x"]
[]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 1201","index":7,"n_rows":67,"n_cols":6,"rows_kept":67,"cut":false,"hidden":false,"merged":[[64,1,64,5],[65,1,65,5],[66,1,66,5],[0,4,0,5],[53,1,55,1],[1,1,1,5],[3,1,5,1],[6,1,12,1],[13,1,18,1],[27,1,37,1],[38,1,43,1],[46,1,49,1],[20,1,23,1]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 1201 Financial Statement Presentation"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 1201 .041","When reporting on changes in a government's financial position, the primary sources of GAAP require certain amounts to be reported in the statement of remeasurement gains and losses. When this is the case, a government should report the following additional information about the composition of its accumulated surplus/deficit at the financial statement date:","x","x","x"]
[null,null,"(a) the accumulated operating surplus or deficit; and"]
[null,null,"(b) the accumulated remeasurement gains and losses. [APRIL 2012]"]
[null,"PS 1201 .092","The statement of remeasurement gains and losses should report:","x","x","x"]
[null,null,"(a) the accumulated remeasurement gains and losses at the beginning of the period;"]
[null,null,"(b) remeasurement gains and losses during the period, distinguishing between:"]
[null,null,"(i) amounts arising during the period; and"]
[null,null,"(ii) amounts reclassified during the period to the statement of operations;"]
[null,null,"(c) any other comprehensive income that arises when a government includes the results of government business enterprises and business partnerships in its summary financial statements; and"]
[null,null,"(d) the accumulated remeasurement gains and losses at the end of the period. [APRIL 2012]"]
[null,"PS 1201 .093","A government discloses the amounts of remeasurement gains and losses reported in the statement of remeasurement gains and losses during the period, distinguishing between:","x","x","x"]
[null,null,"(a) exchange gains and losses on items in the amortized cost category denominated in a foreign currency; and "]
[null,null,"(b) changes in the fair value of:"]
[null,null,"(i) derivatives;"]
[null,null,"(ii) portfolio investments in equity instruments that are quoted in an active market; and "]
[null,null,"(iii) financial instruments designated to the fair value category."]
[null,"PS 1201 .094","When an item designated to the fair value category is denominated in a foreign currency, there is no separate disclosure of the exchange gain or loss."]
[null,"PS 1201 .094A","The reporting requirements in paragraphs PS 1201.092-.094 above would not apply to:","x","x","x"]
[null,null,"(a)     the translation of balances described in FOREIGN CURRENCY TRANSLATION, paragraph PS 2601.02(a)-(b);","x","x","x"]
[null,null,"(b)     the exchange gain or loss component of a financial instrument's change in fair value when that financial instrument is associated with foreign exchange transactions described in FOREIGN CURRENCY TRANSLATION, paragraph PS 2601.02(a)-(b); and","x","x","x"]
[null,null,"(c)     the exchange gains and losses, including the exchange gain or loss component of changes in fair value, recognized in accordance with the election in FOREIGN CURRENCY TRANSLATION, paragraph PS 2601.19A.","x","x","x"]
[null,"PS 1201 .107","The statement of cash flow should report how a government generated and used cash and cash equivalents in the accounting period and the change in cash and cash equivalents in the period. The statement of cash flow should report the cash and cash equivalents at both the beginning and end of the accounting period. [APRIL 2005]"]
[null,"PS 1201 .108","The statement of cash flow should report cash flows during the period classified by operating, capital, investing and financing activities. [APRIL 2005]"]
[null,"PS 1201 .111","A government may report cash flows from operating activities using either the direct method or the indirect method. Governments are encouraged to report such cash flows using the direct method. The direct method provides information that may be useful in estimating future cash flows and that is not available under the indirect method."]
[null,"PS 1201 .112","Using the direct method, the major classes of gross cash receipts and gross cash payments related to operating activities are disclosed, such as:","x","x","x"]
[null,null,"(a) cash receipts from taxation;"]
[null,null,"(b) cash receipts from user fees, licenses, permits, fines, penalties and other fees;"]
[null,null,"(c) cash receipts from the sale of goods and the rendering of services;"]
[null,null,"(d) cash receipts from enterprises;"]
[null,null,"(e) cash receipts from dividends;"]
[null,null,"(f) cash transfers to/from other governments;"]
[null,null,"(g) cash transfers to individuals;"]
[null,null,"(h) cash payments to suppliers;"]
[null,null,"(i) cash payments to and on behalf of employees; and"]
[null,null,"(j) cash receipts and payments of interest included in the determination of results for the accounting period."]
[null,"PS 1201 .113","Using the indirect method, cash used in or available from operations would be calculated by adjusting the operating surplus or deficit for the accounting period for the effects of non-cash items included in the operating surplus or deficit and for any accruals of past or future operating cash receipts or payments. Examples of non-cash items include:","x","x","x"]
[null,null,"(a) amortization of tangible capital assets;"]
[null,null,"(b) draw-downs of prepayments;"]
[null,null,"(c) pension expenses not funded in the period;"]
[null,null,"(d) gains and losses on disposals of tangible capital assets; and"]
[null,null,"(e) the recognition of previously deferred revenue."]
[null,"PS 1201 .114","Cash flows relating to interest received and paid and included in the determination of the operating surplus or deficit for the accounting period would be classified as cash flows from operating activities. When a government uses the indirect method in calculating its cash flows from operating activities, cash flows relating to interest received or paid and included in the determination of the operating surplus or deficit for the accounting period would be disclosed separately and, when a material difference exists between such cash flows and the related amounts recognized in the statement of operations, the amount of the difference and the reasons for it would be disclosed. For example, there may be financing situations where there are significant differences between interest paid and interest expense for the period because a government has prepaid interest or is permitted to defer the payment of interest."]
[null,"PS 1201 .115","When a government is employing the indirect method and there is a significant difference between the interest revenue or expense recognized in the statement of operations and the interest receipt or payment recognized in the cash flow statement, the financial statements should disclose the amount of the difference and the reason(s) for it. [APRIL 2005]"]
[null,"PS 1201 .116","Cash receipts and outflows relating to tangible capital assets are included in capital activities for a government, in contrast with a business, which shows such cash flows as investing activities. This additional category for a government reflects the fact that cash flows from investing activities are supposed to represent expenditures made to acquire assets that will generate future income and cash inflows. Most government tangible capital assets have future service potential, rather than future cash inflows associated with them. Examples include:","x","x","x"]
[null,null,"(a) cash paid on acquisition of tangible capital assets; and"]
[null,null,"(b) cash received on disposal of tangible capital assets."]
[null,null,"Under the indirect method, adjustments for gains and losses arising on the sale of tangible capital assets would be adjusted for in the calculation of cash flows from operating activities."]
[null,"PS 1201 .117","Cash flow information related to investing would include investments made and realized during the period."]
[null,"PS 1201 .118","Cash flow information related to financing would include both domestic and foreign debt issued and repaid during the period."]
[null,"PS 1201 .119","The statement of cash flow should report separately major classes of gross cash receipts and gross cash payments arising from capital, investing and financing activities, except to the extent that cash flows described in paragraphs PS 1201.120-.121 are presented on a net basis. [APRIL 2005]"]
[null,"PS 1201 .120","Cash flows arising from each of the following operating, capital, investing or financing activities may be presented on a net basis:","x","x","x"]
[null,null,"(a) cash receipts collected and payments made on behalf of entities external to the government reporting entity, including taxpayers and beneficiaries, when the cash flows reflect the activities of the external party rather than those of the government; and"]
[null,null,"(b) cash receipts and payments for items for which the turnover is rapid, the amounts are large and the maturities are short. [APRIL 2005]"]
[null,"PS 1201 .121","Cash flows arising from interest paid on debt issued on behalf of government business enterprises and interest received from those government business enterprises should be presented on a net basis when the debt meets the criteria in LONG-TERM DEBT, paragraph PS 3230.12. [APRIL 2005]"]
[null,"PS 1201.124","Capital, investing and financing transactions that do not require the use of cash or cash equivalents should be excluded from the statement of cash flow. Such transactions should be disclosed in the financial statements in a way that provides all the relevant information about these capital, investing and financing activities. [APRIL 2005]"]
[null,"PS 1201 .125","Many capital, investing and financing activities do not have a direct impact on current cash flows, although they do affect the assets and obligations of a government. For example, acquisitions of assets by assuming directly related liabilities affect the assets and liabilities of a government, but may have no cash flow impact in the current period. The exclusion of non-cash transactions from the statement of cash flow is consistent with the objective of a cash flow statement, as these items do not involve sources or uses of cash in the current period."]
[null,"PS 1201 .126","The financial statements should disclose the components of cash and cash equivalents and should present a reconciliation of the amounts in the statement of cash flow with the equivalent items presented in the statement of financial position. A government should disclose the policy it adopts in determining the composition of cash and cash equivalents. [APRIL 2005]"]
[null,null,"Note: Appendices A and B present examples that have been prepared by CPA Canada staff to illustrate how the standards in Section PS 1201 might be implemented.","x","x","x"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 2100","index":8,"n_rows":17,"n_cols":6,"rows_kept":17,"cut":false,"hidden":false,"merged":[[16,1,16,5],[5,1,9,1],[1,1,1,5],[0,4,0,5],[14,1,14,5],[15,1,15,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 2100 Disclosure of Accounting Policies"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 2100 .03 ","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. [SEPT. 1983]"]
[null,"PS 2100 .07 ","The description of the significant accounting policies includes the source of the basis of accounting used in accordance with the Introduction to Public Sector Accounting Standards (i.e., the financial statements have been prepared in accordance with Canadian public sector accounting standards), a definition of the reporting entity to which the financial statements relate and, in the case of consolidated statements, the basis for including and excluding related entities."]
[null,"PS 2100 .09 ","As a minimum, disclosure of information on accounting policies should identify and describe:","x","x","x"]
[null,null,"(a) the reporting entity and, where applicable, the method of consolidation;"]
[null,null,"(b) the source of the basis of accounting used in the financial statements; and"]
[null,null,"(c) the specific accounting policies selected and applied to significant assets, liabilities, revenues and expenses. [SEPT. 1983 *]"]
[null,null,"* Editorial change—January 2003 and February 2005.","x","x","x"]
[null,"PS 2100 .11 ","All significant accounting policies of a reporting entity should be disclosed in one place. [SEPT. 1983]"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 2120","index":9,"n_rows":28,"n_cols":6,"rows_kept":28,"cut":false,"hidden":false,"merged":[[1,1,1,5],[0,4,0,5],[25,1,25,5],[26,1,26,5],[27,1,27,5],[3,1,6,1],[12,1,15,1],[17,1,21,1]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 2120 Accounting Changes"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 2120 .18 ","For each change in an accounting policy in the current period, the following information should be disclosed:","x","x","x"]
[null,null,"(a) a description of the change;"]
[null,null,"(b) the effect of the change on the financial statements of the current period; and"]
[null,null,"(c) the reason for the change. [SEPT. 1997]"]
[null,"PS 2120 .19 ","When a change in an accounting policy has been applied retroactively and prior periods have been restated, the fact that the financial statements of prior periods that are presented have been restated and the effect of the change on those prior periods should be disclosed. [SEPT. 1997]"]
[null,"PS 2120 .20 ","When a change in an accounting policy has been applied retroactively but prior periods have not been restated, the fact that the financial statements of prior periods that are presented have not been restated should be disclosed. The cumulative adjustment to the opening balance of the accumulated surplus/deficit of the current period should also be disclosed. [SEPT. 1997]"]
[null,"PS 2120 .21 ","When a change in an accounting policy has not been applied retroactively, this fact should be disclosed. [SEPT. 1997]"]
[null,"PS 2120 .22 ","The disclosure of particulars, including dollar amounts, applies to each change in an accounting policy; it is not appropriate to net items when considering materiality. [SEPT. 1997]"]
[null,"PS 2120 .23 ","A change in an accounting policy that does not have a material effect in the current period but is likely to have a material effect in future periods should be disclosed. [SEPT. 1997]"]
[null,"PS 2120 .28 ","The effect of a change in an accounting estimate should be accounted for in:","x","x","x"]
[null,null,"(a) the period of change, if the change affects the financial results of that period only; or"]
[null,null,"(b) the period of change and applicable future periods, if the change affects the financial results of both current and future periods. [SEPT. 1997]"]
[null,null,"Disclosure of the nature and effect on the current period may be desirable for a change in an accounting estimate that is rare or unusual and that may affect the financial results of both current and future periods. On the other hand, disclosure is usually not necessary for a change in an estimate made each period in the course of accounting for normal operating activities, such as allowances for doubtful accounts."]
[null,"PS 2120 .30 ","The amount of the correction of an error that impairs the fairness of financial statements of prior periods should be reported retroactively. Comparative information should be restated, unless it is impracticable to do so. [SEPT. 1997]"]
[null,"PS 2120 .34 ","When there has been a correction in the current period of an error in prior period financial statements, the following information should be disclosed:","x","x","x"]
[null,null,"(a) a description of the error;"]
[null,null,"(b) the effect of the correction of the error on the financial statements of the current and prior periods; and"]
[null,null,"(c) the fact that the financial statements of prior periods that are presented have been restated. [SEPT. 1997]"]
[null,null,"Depending on the nature of the error, it may be appropriate to disclose the effect of its correction on significant items such as the change in net debt."]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 2125","index":10,"n_rows":16,"n_cols":6,"rows_kept":16,"cut":false,"hidden":false,"merged":[[15,1,15,5],[5,1,7,1],[1,1,1,5],[0,4,0,5],[13,1,13,5],[14,1,14,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 2125 First-time Adoption by Government Organizations"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 2125 .02 ","A government component, government organization or government partnership applies this Section to its first financial statements prepared in accordance with Public Sector Accounting Standards when transitioning from another basis of generally accepted accounting principles (GAAP). The adoption of Public Sector Accounting Standards is to be accounted for by retroactive application with restatement of prior periods subject to the requirements in this Section."]
[null,"PS 2125 .04 ","A government organization prepares and presents an opening statement of financial position at the date of transition to Public Sector Accounting Standards. This opening statement of financial position is the starting point for the government organization's accounting in accordance with Public Sector Accounting Standards."]
[null,"PS 2125 .20 ","In the year of adoption of Public Sector Accounting Standards, a government organization should disclose:","x","x","x"]
[null,null,"(a) the amount of each charge to accumulated surplus/deficit at the date of transition to Public Sector Accounting Standards resulting from the adoption of these standards and the reason therefor; and"]
[null,null,"(b) a reconciliation of the net income reported in the government organization's most recent previously issued financial statements to its annual surplus/deficit under Public Sector Accounting Standards for the same period. [JAN. 2011]"]
[null,"PS 2125 .21 ","The disclosures required by paragraph PS 2125.20 should give sufficient detail to enable users to understand the material adjustments to the statement of financial position and statement of operations. If a government organization presented a cash flow statement under its previous accounting policies, it should explain the material adjustments to the statement of cash flow. [JAN. 2011]"]
[null,"PS 2125 .22 ","When a government organization elects to use one or more of the exemptions in paragraphs PS 2125.09-.14, it should disclose the exemptions used. [JAN 2011]"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 2130","index":11,"n_rows":20,"n_cols":6,"rows_kept":20,"cut":false,"hidden":false,"merged":[[19,1,19,5],[8,1,13,1],[1,1,1,5],[0,4,0,5],[17,1,17,5],[18,1,18,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 2130 Measurement Uncertainty"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 2130 .06 ","The nature of measurement uncertainty that is material should be disclosed. [APRIL 2005]"]
[null,"PS 2130 .07 ","The extent of measurement uncertainty that is material should be disclosed when it is reasonably possible that the amount could change by a material amount in the near term. [APRIL 2005]"]
[null,"PS 2130 .08 ","When disclosure has been made in accordance with paragraph PS 2130.06 or PS 2130.07, the amount of the item subject to measurement uncertainty should be disclosed, except when disclosure of the amount would have a significant adverse effect on the entity. When the amount is not disclosed, the notes should indicate the reason(s) for non-disclosure. [APRIL 2005]"]
[null,"PS 2130 .11 ","Disclosure of the nature of the measurement uncertainty would include a description of the circumstances giving rise to the uncertainty and relevant information about the anticipated resolution of the uncertainty."]
[null,"PS 2130 .14 ","Disclosure of the extent and/or range of reasonably possible amounts or the effect of a change in the underlying assumptions used to estimate the amount would be provided unless it would have a significant adverse effect on the outcome."]
[null,"PS 2130 .15 ","Consideration would also be given to disclosing other relevant information to describe the measurement uncertainty, such as:","x","x","x"]
[null,null,"(a) a description of the key assumptions used in estimating the amounts and whether the assumptions are susceptible to change;"]
[null,null,"(b) an explanation of the changes made to past assumptions, if the uncertainty remains unresolved; and"]
[null,null,"(c) when a range of reasonably possible amounts is disclosed:"]
[null,null,"(i) the sensitivity of the range to changes in the assumptions used to determine the range; and"]
[null,null,"(ii) the reason for the sensitivity."]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 2200","index":12,"n_rows":20,"n_cols":6,"rows_kept":20,"cut":false,"hidden":false,"merged":[[19,1,19,5],[0,4,0,5],[1,1,1,5],[3,1,12,1],[17,1,17,5],[18,1,18,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 2200 Related party disclosures"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 2200 .17 ","An entity should disclose:","x","x","x"]
[null,null,"(a) adequate information about the nature of the relationship with related parties involved in related party transactions;"]
[null,null,"(b) the types of related party transactions that have been recognized;"]
[null,null,"(c) the amounts of the transactions recognized classified by financial statement category;"]
[null,null,"(d) the basis of measurement used;"]
[null,null,"(e) the amount of outstanding balances and the terms and conditions attached to them;"]
[null,null,"(f) contractual rights and contractual obligations with related parties, separate from other contractual rights and contractual obligations;"]
[null,null,"(g) contingent assets and contingent liabilities involving related parties, separate from other contingent assets and contingent liabilities; and"]
[null,null,"(h) the types of related party transactions that have occurred for which no amount has been recognized."]
[null,null,"Items of a similar nature should be disclosed in aggregate. [APRIL 2017]"]
[]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 2400","index":13,"n_rows":15,"n_cols":6,"rows_kept":15,"cut":false,"hidden":false,"merged":[[0,4,0,5],[12,1,12,5],[13,1,13,5],[14,1,14,5],[3,1,5,1],[6,1,8,1],[1,1,1,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 2400 Subsequent Events"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 2400 .13 ","Financial statements should not be adjusted for, but disclosure should be made of, those events occurring between the date of the financial statements and the date of their completion that do not relate to conditions that existed at the date of the financial statements but:"]
[null,null,"(a) cause significant changes to assets or liabilities in the subsequent period; or"]
[null,null,"(b) will, or may, have a significant effect on the future operations of the government. [MARCH 1997]"]
[null,"PS 2400 .15 ","Disclosure of a subsequent event that does not require adjustment of the financial statements should include:","x","x","x"]
[null,null,"(a) a description of the nature of the event; and"]
[null,null,"(b) an estimate of the financial effect, when practicable, or a statement that such an estimate cannot be made. [MARCH 1997]"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 2500","index":14,"n_rows":10,"n_cols":6,"rows_kept":10,"cut":false,"hidden":false,"merged":[[1,1,1,5],[0,4,0,5],[7,1,7,5],[8,1,8,5],[9,1,9,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 2500 Basic Principles of Consolidation"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 2500 .20 ","When, for purposes of consolidation, it is not possible to use governmental unit financial statements for a period that substantially coincides with that of the government's financial statements, this fact, and the period covered by the governmental unit financial statements used, should be disclosed. [MAY 1999]"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 2510","index":15,"n_rows":20,"n_cols":6,"rows_kept":20,"cut":false,"hidden":false,"merged":[[19,1,19,5],[6,1,12,1],[1,1,1,5],[0,4,0,5],[17,1,17,5],[18,1,18,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 2510 Additional Areas of Consolidation"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 2510 .05 ","When a non-controlling interest exists in a governmental unit, the government reporting entity should include that governmental unit in its financial statements on a proportionate consolidation basis. The financial statements should disclose the existence and extent of a non-controlling interest in a governmental unit. [MAY 1999]"]
[null,"PS 2510 .10 ","Government financial statements should disclose any accumulated losses accounted for in accordance with PS 2510.09. [MAY 1999]"]
[null,null,"Note: The “losses” discussed in paragraph 10 are losses applicable to the NCI allocated to the government's interest.","x","x","x"]
[null,"PS 2510 .32 ","When a government acquires a governmental unit, the following should be disclosed:","x","x","x"]
[null,null,"(a) the name and a brief description of the governmental unit acquired and, when shares are acquired, the percentage of voting shares held;"]
[null,null,"(b) the date of acquisition and the period for which the results of the acquired governmental unit are included in the consolidated statement of operations;"]
[null,null,"(c) net assets acquired:"]
[null,null,"(i) total assets at the amount assigned thereto;"]
[null,null,"(ii) total liabilities at the amount assigned thereto; and"]
[null,null,"(d) the amount and type of consideration given, at fair value and the resulting amount of any purchase premium that has been charged to expenses in the period. [MAY 1999]"]
[null,"PS 2510 .51 ","When the government's net investment balance increases or decreases because of a change in the status of a governmental unit to a government business enterprise, the amount of the increase or decrease should be accounted for as an adjustment to the opening balance of accumulated surplus/deficit. A description of the change, with details of changes to the recorded amounts of individual financial statement items, should be disclosed. [OCT. 2006]"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 2601","index":16,"n_rows":18,"n_cols":6,"rows_kept":18,"cut":false,"hidden":false,"merged":[[17,1,17,5],[1,1,1,5],[0,4,0,5],[15,1,15,5],[16,1,16,5],[3,1,4,1],[5,1,8,1]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 2601 Foreign Currency Translation"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 2601 .18 ","Except when the election in paragraph PS 2601.19A is made, an exchange gain or loss that arises prior to settlement is recognized in the statement of remeasurement gains and losses. [APRIL 1, 2022*]\n* See explanation of effective date in paragraph PS 2601.23."]
[null,null,"Note: Refer to paragraph PS 2601.23A","x","x","x"]
[null,"PS 2601 .19 ","Except when the election in paragraph PS 2601.19A is made, in the period of settlement:","x","x","x"]
[null,null,"(a) the cumulative amount of remeasurement gains and losses is reversed in the statement of remeasurement gains and losses; and"]
[null,null,"(b) an exchange gain or loss measured in relation to the exchange rate at the date of the item's initial recognition is recognized in the statement of operations. [APRIL 1, 2022*]\n* See explanation of effective date in paragraph PS 2601.23."]
[null,null,"Note: Refer to paragraph PS 2601.23A","x","x","x"]
[null,"PS 2601 .19A","At initial recognition of a financial asset or financial liability arising from a foreign currency transaction, a government may make an irrevocable election to recognize the exchange gains and losses directly in the statement of operations, including those exchange gains and losses arising prior to settlement or derecognition. This election is made on an instrument-by-instrument basis. When this election is made for a financial asset or financial liability in the fair value category, the exchange gain or loss component of the change in fair value is separated and recognized directly in the statement of operations. Amounts subject to this election may be reported on a net basis in the statement of operations."]
[null,"PS 2601 .22 ","A government should disclose the exchange gains and losses recognized in the statement of operations and the statement of remeasurement gains and losses. [APRIL 1, 2019 *]\n* See explanation of effective date in paragraph PS 2601.23."]
[null,"PS 2601 .23A","For those public sector entities that applied this Section to fiscal years beginning on or after April 1, 2012, the election in paragraph PS 2601.19A may be made on a one-time basis, at the beginning of the fiscal year, for existing financial assets and financial liabilities arising from a foreign currency transaction. This election may be applied no later than the fiscal year beginning on or after April 1, 2022. Earlier application is permitted. For any financial asset or financial liability for which this election is made, cumulative unrealized exchange gains and losses arising at the date of the election are recognized as an adjustment to the accumulated surplus or deficit at the beginning of the fiscal year in which this election is applied. Disclosure is required to indicate the use of this election and any adjustment to the accumulated surplus or deficit in the year of application."]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 2700","index":17,"n_rows":26,"n_cols":6,"rows_kept":26,"cut":false,"hidden":false,"merged":[[0,4,0,5],[23,1,23,5],[24,1,24,5],[25,1,25,5],[5,1,11,1],[15,1,19,1],[1,1,1,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 2700 Segment Disclosures"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 2700 .02 ","These standards apply to government financial statements. Other government organizations that apply the standards of the CPA Canada Public Sector Accounting Handbook (CPA Canada PSA Handbook) are encouraged to provide the disclosures established in this Section when their operations are diverse enough to warrant such disclosures."]
[null,"PS 2700 .22 ","Segment information should be prepared in accordance with the accounting policies adopted for preparing and presenting the consolidated financial statements of the government. [APRIL 2007]"]
[null,"PS 2700 .26 ","Government financial statements should separately disclose the following information, in notes or schedules, about each of a government's segments identified in accordance with paragraph PS 2700.07:","x","x","x"]
[null,null,"(a) the basis for identifying segments, the nature of the segments and the activities they encompass, and the method of significant allocations to segments;"]
[null,null,"(b) segment expense by major object or category;"]
[null,null,"(c) segment revenue by source and type;"]
[null,null,"(d) the aggregate of the income of government business enterprises and business partnerships accounted for under the modified equity method for each segment, if applicable; and"]
[null,null,"(e) a reconciliation between the information disclosed for segments and the consolidated information in the financial statements. [APRIL 2007 *]"]
[null,null,"* Editorial change—March 2012","x","x","x"]
[null,"PS 2700 .27 ","In addition to these disclosures, governments are encouraged to provide other segment information where useful to users of the financial statements. Examples of other disclosures that may be desirable include separate disclosure of the total carrying amount of assets by segment, separate disclosure of the total carrying amount of liabilities by segment, separate disclosure of tangible capital assets by segment, separate disclosure of additions to tangible capital assets by segment and any other significant elements of the financial statements by segment."]
[null,"PS 2700 .28 ","In providing segment disclosures, it is important that users be able to reconcile the financial information provided to the government's consolidated financial statements. Various presentations of the reconciliation are possible but, regardless of format, segment revenues would be reconciled to government revenues and segment expenses would be reconciled to government expenses."]
[null,"PS 2700 .30 ","In measuring and reporting segment revenue from transactions with other segments, inter-segment transfers should be measured on the basis that the government used to price those transfers. The basis of pricing inter-segment transfers and any change therein should be disclosed in the financial statements. [APRIL 2007]"]
[null,"PS 2700 .32 ","Changes in accounting policies related specifically to segment reporting that have a material effect on segment information should be disclosed. Prior period segment information presented for comparative purposes should be restated unless the necessary financial data are not reasonably determinable. Such disclosure should include:","x","x","x"]
[null,null,"(a) a description of the nature of the change;"]
[null,null,"(b) the reasons for the change;"]
[null,null,"(c) the fact that comparative information has been restated or that the necessary financial data are not reasonably determinable; and"]
[null,null,"(d) the financial effect of the change, if reasonably determinable. [APRIL 2007]"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3041","index":18,"n_rows":16,"n_cols":6,"rows_kept":16,"cut":false,"hidden":false,"merged":[[1,1,1,5],[0,4,0,5],[13,1,13,5],[14,1,14,5],[15,1,15,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3041 Portfolio investments"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3041 .17 ","When the terms associated with a government's portfolio investment are so concessionary that the substance of the transaction is that all or a significant part of the investment is in the nature of a grant, the grant portion of the transaction should be recognized as an expense when the investment is made. [MARCH 1999]"]
[null,"PS 3041 .27 ","Portfolio investments should be reported separately on the statement of financial position. [MARCH 1999]"]
[null,"PS 3041 .28 ","The basis of valuation of portfolio investments should be disclosed. [MARCH 1999]"]
[null,"PS 3041 .29 ","Income from portfolio investments should be reported separately on the statement of operations. [MARCH 1999]"]
[null,"PS 3041 .30 ","When portfolio investments include marketable securities, the quoted market value of such securities as well as their carrying value should be disclosed. [MARCH 1999]"]
[null,"PS 3041 .31 ","When presenting its portfolio investments and supporting disclosures, a government also considers the applicable standards in FINANCIAL INSTRUMENTS, Section PS 3450.","x","x","x"]
[null,"PS 3041 .33 ","In circumstances where the terms of an investment are so concessionary that all or a significant part of the transaction is recognized as a grant when the investment is made in accordance with PS 3041.17, disclosure of the original amount paid for the investment should be provided in addition to its carrying value and market value, if any, in order that complete information about the entire transaction is provided. This information could be provided in conjunction with information about the basis of valuation of the investment."]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3050","index":19,"n_rows":28,"n_cols":6,"rows_kept":28,"cut":false,"hidden":false,"merged":[[25,1,25,5],[26,1,26,5],[27,1,27,5],[0,4,0,5],[14,1,21,1],[1,1,1,5],[3,1,4,1],[6,1,7,1],[8,1,9,1],[10,1,13,1]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3050 Loans Receivable"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3050 .10 ","The amount of a loan that is expected to be recovered from future appropriations should be accounted for in the statement of operations as an expense in the period when a direct relationship can be established between the repayment of the loan and a government's funding to the borrower. [JUNE 1995 *]"]
[null,null,"* Editorial change—March 2012","x","x","x"]
[null,"PS 3050 .17 ","When an amount is advanced with forgivable conditions, it should be accounted for as a grant unless it meets the definition of a loan receivable and there is sufficient evidence of a reasonable expectation of its recovery. [APRIL 1993]"]
[null,"PS 3050 .20 ","When the terms of a loan are so concessionary that the substance of the transaction is that all or a significant part of the loan is more in the nature of a grant, the grant portion of the transaction should be recognized in the statement of operations as an expense when the loan is made. [APRIL 1993 *]"]
[null,null,"* Editorial change—March 2012","x","x","x"]
[null,"PS 3050 .35 ","Loans receivable should be reported net of their related valuation allowances on a government's statement of financial position. Changes in valuation allowances should be recognized in expenditures or expenses in the statement of operations. [SEPT. 1997 *]"]
[null,null,"* Editorial change—January 2003","x","x","x"]
[null,"PS 3050 .54 ","In describing the accounting policies selected by a government and applied to its loans receivable, governments should disclose:","x","x","x"]
[null,null,"(a) the basis of initial valuation on the statement of financial position;"]
[null,null,"(b) the policy with respect to valuation allowances, write-offs and recoveries; and"]
[null,null,"(c) the policy for the recognition of interest revenue. [APRIL 1993]"]
[null,"PS 3050 .56 ","Government financial statements should disclose the nature and terms of significant classes of loans receivable, including:","x","x","x"]
[null,null,"(a) the recorded cost, the related valuation allowance and the net recoverable value;"]
[null,null,"(b) general terms and conditions of the loans receivable, such as:"]
[null,null,"(i) repayment terms;"]
[null,null,"(ii) interest terms;"]
[null,null,"(iii) a description of forgiveness and other conditions attached to the loans; and"]
[null,null,"(iv) security held for the class of loans; and"]
[null,null,"(c) the amount of loans receivable outstanding in foreign currencies, the currencies in which such amounts are receivable, the Canadian dollar equivalents, and the basis of translation. [APRIL 1993]"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3060","index":20,"n_rows":23,"n_cols":6,"rows_kept":23,"cut":false,"hidden":false,"merged":[[0,4,0,5],[20,1,20,5],[21,1,21,5],[22,1,22,5],[3,1,13,1],[14,1,15,1],[1,1,1,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3060 Interests in Partnerships"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3060 .55 ","Financial statements should disclose, in notes or schedules:","x","x","x"]
[null,null,"(a) a description of the nature and purpose of partnerships;"]
[null,null,"(b) a listing of partnerships, including the public sector entity's share, separately identifying those that are accounted for using the proportionate consolidation method and those that are accounted for by the modified equity method; and"]
[null,null,"(c) condensed supplementary financial information relative to partnerships. Such financial information should be provided separately for those partnerships accounted for using proportionate consolidation and those accounted for using modified equity, on:"]
[null,null,"(i) the financial position and results of operations, including:","x","x","x"]
[null,null,"— total assets and liabilities segregated by main classification;"]
[null,null,"— net assets or liabilities, separately displaying accumulated other comprehensive income;"]
[null,null,"— total revenues and expenses; and"]
[null,null,"— net operating results for the period, separately displaying other comprehensive income;"]
[null,null,"(ii) the nature and amount of any adjustments to net assets or net operating results, as shown in the financial statements of the partnerships, to arrive at the amount included in the public sector entity's statement of financial position or statement of operations; and"]
[null,null,"(iii) transactions and balances with organizations included in the reporting entity. [OCT. 2006]"]
[null,"PS 3060 .56 ","A public sector entity should disclose its share of any contingent assets, contingent liabilities, contractual rights and contractual obligations of partnerships including those contingent assets and contingent liabilities that exist when the public sector entity is contingently entitled to assets or liable for the liabilities of other parties to those partnerships. [OCT. 1999 *]"]
[null,null,"* Editorial change—September 2004","x","x","x"]
[null,"PS 3060 .57 ","Deferred gains arising from the public sector entity's investment of assets in the partnership should be reported with liabilities in the public sector entity's statement of financial position. [OCT. 1999] "]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3160","index":21,"n_rows":23,"n_cols":6,"rows_kept":23,"cut":false,"hidden":false,"merged":[[22,1,22,5],[21,1,21,5],[0,4,0,5],[1,1,1,5],[6,1,10,1],[19,1,19,5],[20,1,20,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3160 Public Private Partnerships"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3160 .24","The public sector entity would also be obligated to pay the private sector partner to operate and/or maintain the infrastructure as part of the public private partnership arrangement. This represents a contractual obligation of the public sector entity and would initially be disclosed in accordance with CONTRACTUAL OBLIGATIONS, Section PS 3390."]
[null,"PS 3160.57"," In rare circumstances where the public sector entity establishes that none of these rates are available, the public sector entity would use another rate that accurately reflects the financing charge embedded in the financial liability model. The basis for the utilized rate, including the circumstances resulting in the inability to determine a rate in accordance with paragraphs PS 3160.55-.56 should be disclosed in the financial statement notes."]
[null,"PS 3160 .64","Presentation and disclosure requirements for infrastructure assets or betterments, including those procured through a public private partnership arrangement, are set out in TANGIBLE CAPITAL ASSETS, Section PS 31504. Liabilities resulting from public private partnerships are classified and presented on the statement of financial position according to their substance."]
[null,"PS 3160 .65","A public sector entity should disclose the following information related to a public private partnership:","x"]
[null,null,"(a)     significant terms of the arrangement that may affect the amount, timing and uncertainty of future cash flow payments;"]
[null,null,"(b)     key rights and obligations for the public sector entity and private sector partner under the arrangement;"]
[null,null,"(c)     the accounting policy used by the public sector entity in accounting for public private partnerships, including the key assumptions and basis for any estimation techniques used; and"]
[null,null,"(d)     changes in the terms of the public private partnership arrangement occurring during the reporting period. [APRIL 2023]"]
[null,"PS 3160.66","When deciding the level of detail to disclose, entities consider the usefulness of the information to readers in assessing the nature and extent of an entity's infrastructure asset and associated liability. It may be useful to group similar items together."]
[null,"PS 3160 .68","Because of the significant assumptions required in measuring the infrastructure asset and liability, it is important to provide financial statements users with information describing the key assumptions and basis for any estimation technique used. For financial liabilities, significant terms of the arrangement may include minimum guarantees, renegotiations, repricing, deductions related to non-performance, etc."]
[null,"PS 3160 .70","A clear description of the accounting policy used by the public sector entity for the public private partnership would be included in the notes to the financial statements. The description of the accounting policy is necessary for users' interpretation of the public sector entity's financial statements. Where a performance obligation is recognized, the public sector entity would disclose how revenue is being recognized."]
[null,"PS 3160 .71","Where a public sector entity uses an alternative discount rate, per paragraph PS 3160.57, to reflect the financing charge embedded in the financial liability model, disclosure should include an explanation of why the prescribed discount rates per paragraphs PS 3160.55-.56 were determined unavailable for an arrangement."]
[]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]
[null,"4 Section PS 4230 applies."]

{"sheet":"PS 3200","index":22,"n_rows":10,"n_cols":6,"rows_kept":10,"cut":false,"hidden":false,"merged":[[1,1,1,5],[0,4,0,5],[7,1,7,5],[8,1,8,5],[9,1,9,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3200 Liabilities"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3200 .30 ","Information about the nature of liabilities that cannot be recognized should be disclosed in notes together with the reason(s) why a reasonable estimate cannot be made of the amount involved. [SEPT. 2004]"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3210","index":23,"n_rows":11,"n_cols":6,"rows_kept":11,"cut":false,"hidden":false,"merged":[[0,4,0,5],[1,1,1,5],[8,1,8,5],[9,1,9,5],[10,1,10,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3210 Assets"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3210 .32 ","Information about the major categories of assets that are not recognized should be disclosed in the notes. When an asset is not recognized because a reasonable estimate of the amount involved cannot be made, the reason(s) for this should be disclosed. [APRIL 2017]"]
[]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3230","index":24,"n_rows":42,"n_cols":6,"rows_kept":42,"cut":false,"hidden":false,"merged":[[39,1,39,5],[40,1,40,5],[41,1,41,5],[0,4,0,5],[29,1,33,1],[1,1,1,5],[4,1,6,1],[8,1,10,1],[12,1,18,1],[19,1,23,1],[25,1,28,1]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3230 Long-term Debt"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3230 .02 ","The statement of financial position should report a government's long-term debt at the end of the accounting period. [MARCH 1997]"]
[null,"PS 3230 .03 ","When a government has externally restricted sinking funds set aside to retire its long-term debt, the following information should be provided:","x","x","x"]
[null,null,"(a) the gross amount of the long-term debt to be retired by the sinking funds; and"]
[null,null,"(b) the amount of sinking fund assets available to retire the debt. [MARCH 1997]"]
[null,"PS 3230 .04 ","Governments would disclose this externally restricted sinking fund information in the notes or schedules to the financial statements or report it on their statement of financial position."]
[null,"PS 3230 .10 ","When there is sufficient evidence that debt has been issued by a government specifically on behalf of a government business enterprise:","x","x","x"]
[null,null,"(a) the debt issued on behalf of the government business enterprise and the related receivable from the government business enterprise should be presented on a net basis in the consolidated statement of financial position; and"]
[null,null,"(b) the interest expense on the debt issued on behalf of the government business enterprise and the related interest revenue from the government business enterprise should be presented on a net basis in the consolidated statement of operations. [APRIL 2000]"]
[null,"PS 3230 .13 ","When, in a period subsequent to the debt issue, the conditions in paragraph PS 3230.12(b) and/or (c) are no longer met, the government should report the remaining financial arrangement with the government business enterprise in accordance with paragraph PS 3230.06. [APRIL 2000]"]
[null,"PS 3230 .15 ","Financial statements should disclose information to highlight the composition of a government's long-term debt as follows:","x","x","x"]
[null,null,"(a) the gross amount outstanding;"]
[null,null,"(b) the amounts issued specifically on behalf of government business enterprises and reported in accordance with paragraph PS 3230.10;"]
[null,null,"(c) the net amount reported on the consolidated statement of financial position;"]
[null,null,"(d) the gross interest paid or payable for the period relating to the debt described in (a);"]
[null,null,"(e) the interest revenue for the period received or receivable from government business enterprises on debt issued specifically by the government on behalf of government business enterprises and reported in accordance with paragraph PS 3230.10; and"]
[null,null,"(f) the net amount of interest expense reported on the consolidated statement of operations. [APRIL 2000]"]
[null,"PS 3230 .17 ","Financial statements should disclose adequate information about the nature and terms of a government's long-term debt, as described in paragraph PS 3230.15(a), including:","x","x","x"]
[null,null,"(a) interest rates;"]
[null,null,"(b) the existence of sinking fund and redemption provisions;"]
[null,null,"(c) an appropriate description of repayment dates and amounts and the nature of the repayment; and"]
[null,null,"(d) any amounts payable on demand. [APRIL 2000] "]
[null,"PS 3230 .18 ","Financial statements should disclose the aggregate amount of payments estimated to be required in each of the next five years and thereafter to meet sinking fund or retirement provisions for the debt disclosed in accordance with paragraph PS 3230.15(a), as well as the amounts to be recovered in each of those years and thereafter from government business enterprises in relation to the debt disclosed in accordance with paragraph PS 3230.15(b). [APRIL 2000]"]
[null,"PS 3230.22","When a government holds its own securities at the end of the accounting period, the following should be disclosed:","x","x","x"]
[null,null,"(a) the gross amount of the long-term debt classes to which the securities relate; and"]
[null,null,"(b) the amount of the government's own securities purchased but not cancelled. [APRIL 2012]"]
[null,null,"Note: This paragraph applies before PS 3450 is adopted and was replaced with the requirement below.","x","x","x"]
[null,"PS 3230 .22 ","When a government holds its own securities at the end of the accounting period, including securities derecognized in accordance with FINANCIAL INSTRUMENTS, paragraphs PS 3450.042-.051, the following should be disclosed:","x","x","x"]
[null,null,"(a) the gross amount of the long-term debt classes to which the securities relate; and"]
[null,null,"(b) the amount of the government's own securities purchased but not legally cancelled, extinguished or discharged. [APRIL 2021]"]
[null,null,"(c) the amount of interest revenues and interest expenses that have been offset from a government's own securities purchased but not legally cancelled, extinguished or discharged."]
[null,null,"Note: This paragraph applies when PS 3450 is adopted.","x","x","x"]
[null,"PS 3230 .24 ","If any of the liabilities are secured, they should be stated separately and the fact that they are secured should be indicated. Where assets of a government are pledged as security against liabilities, the nature and, where practicable, the carrying value of such assets should be disclosed. [MARCH 1997]"]
[null,"PS 3230 .25 ","The details of any defaults of the government in principal, interest, sinking fund or redemption provisions with respect to any outstanding obligation should be disclosed. [MARCH 1997]"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3250","index":25,"n_rows":59,"n_cols":6,"rows_kept":59,"cut":false,"hidden":false,"merged":[[0,4,0,5],[56,1,56,5],[57,1,57,5],[58,1,58,5],[1,1,1,5],[9,1,30,1],[36,1,40,1],[42,1,45,1]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3250 Retirement Benefits"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"DEFINED BENEFIT PLANS",null,"x"]
[null,"PS 3250 .016","The statement of financial position should report the retirement benefit liability and the statement of operations should report the expenses for retirement benefits on the basis of the value of the benefits attributed to employee service to the financial statement date. [SEPT. 2001]"]
[null,"PS 3250 .021","The retirement benefits expense and the retirement benefits interest expense would be disclosed separately in the notes to the financial statements. A separate disclosure is needed to ensure that the amount reported as the retirement benefit expense is not affected by the purely financial decision of a government to fund or not fund the plan."]
[null,"PS 3250 .050","An accrued benefit asset should be presented on a government's statement of financial position net of any valuation allowance. When a defined benefit plan gives rise to an accrued benefit asset, a government should recognize a valuation allowance for any excess of the adjusted benefit asset over the expected future benefit. A change in valuation allowance should be recognized in the statement of operations for the period in which the change occurs. [SEPT. 2001]"]
[null,"PS 3250 .068","In the period of a plan amendment related to prior period employee services that results in an increase in the accrued benefit obligation, if net unamortized actuarial gains exist, these should be recognized immediately, to a maximum of the prior period service cost, and offset against the prior period service cost in the statement of operations, with separate disclosure in the notes. [SEPT. 2001]"]
[null,"PS 3250 .071","In the period of a plan amendment related to prior period employee services that results in a decrease in the accrued benefit obligation, if net unamortized actuarial losses exist, these should be recognized immediately, to a maximum of the decrease in the accrued benefit obligation. The net amount would be recognized in the statement of operations, with separate disclosure in the notes. [SEPT. 2001]"]
[null,"PS 3250 .084","Financial statements should disclose:","x","x","x"]
[null,null,"(a) a general description of retirement benefit plans, benefit formulae and funding policy, including a description of significant changes to retirement benefit plans during the period;"]
[null,null,"(b) the accrued benefit obligation at the end of the period, as determined by the actuarial valuation;"]
[null,null,"(c) the market value of plan assets at the beginning and the end of the period and, if different, the market-related value of plan assets at the beginning and the end of the period;"]
[null,null,"(d) the amount of retirement benefit liability or accrued benefit asset at the end of the period, indicating separately the amount of any valuation allowance determined in accordance with paragraph PS 3250.050."]
[null,null,"(e) unamortized actuarial gains and losses and the periods of amortization;"]
[null,null,"(f) current period benefit cost;"]
[null,null,"(g) cost of plan amendments incurred during the period;"]
[null,null,"(h) net actuarial gains or losses recognized in the determination of the cost of plan amendments in accordance with paragraphs PS 3250.068 and PS 3250.071;"]
[null,null,"(i) other gains and losses on accrued benefit obligations arising during the period;"]
[null,null,"(j) other gains and losses on plan assets arising during the period;"]
[null,null,"(k) gains and losses arising from plan settlements and curtailments incurred during the period;"]
[null,null,"(l) amortization of actuarial gains and losses reflected in the current year expense;"]
[null,null,"(m) the amount recognized as a result of a temporary deviation from the plan, determined in accordance with paragraph PS 3250.073;"]
[null,null,"(n) the change in a valuation allowance determined in accordance with paragraph PS 3250.050;"]
[null,null,"(o) the amount of contributions by employees during the period;"]
[null,null,"(p) the components of the retirement benefits interest expense for the period;"]
[null,null,"(q) the amount of contributions by the government during the period;"]
[null,null,"(r) the amount of benefits paid during the period;"]
[null,null,"(s) the expected return and actual return on plan assets during the period;"]
[null,null,"(t) assumptions about long-term inflation rates, expected rate of return on plan assets, assumed health care cost trends, rate of compensation increase (for pay-related plans) and discount rate; and"]
[null,null,"(u) the date of the most recent actuarial valuation performed for accounting purposes. [SEPT. 2001]"]
[null,"PS 3250 .087","A government should provide these disclosures separately for plans that provide pension benefits and plans that provide retirement benefits other than pensions. [SEPT. 2001]"]
[null,"PS 3250 .088","A government that has aggregated disclosures for its defined benefit pension plans, or for its other defined benefit retirement plans, should provide the disclosures separately for the aggregate of plans with accrued benefit obligations in excess of plan assets. [SEPT. 2001]"]
[null,"PS 3250 .090","The description of the significant benefit plans and benefit formulae might include the plan surplus or deficit at the end of the period, demographic information about the participants and whether the benefit obligation includes the cost of inflation protection. The description of the funding policy might include the major types of plan assets and the basis of their valuation. The extent to which the fund holds securities of the sponsoring government would normally be disclosed."]
[null,"PS 3250 .091","Governments are encouraged to provide additional disclosures about the significant actuarial assumptions underlying the reported amount of a government's accrued benefit obligation when the disclosures will enhance the financial statement users' understanding of that amount."]
[null,"PS 3250 .092","A government may also choose to disclose a forecast of the cash required to pay its retirement benefit obligations in the short term, the medium term and the long term. If provided, such a forecast would include the amounts required in the next five years, and thereafter."]
[null,"PS 3250 .093","For joint defined benefit plans, in addition to the disclosures required in paragraphs PS 3250.084 government financial statements should disclose:","x","x","x"]
[null,null,"(a) the significant accounting policies for joint plans;"]
[null,null,"(b) a description of the unique nature and terms of any joint plans;"]
[null,null,"(c) the government's share of the risks and benefits under the plans; and"]
[null,null,"(d) the total financial status of any joint plans. [SEPT. 2001]"]
[null,"DEFINED CONTRIBUTION PLANS",null,"x"]
[null,"PS 3250 .100","For defined contribution plans, financial statements should disclose:","x","x","x"]
[null,null,"(a) a general description of benefit plans, contribution formulae and funding policy;"]
[null,null,"(b) the expense recognized for the period; and"]
[null,null,"(c) a description of significant changes to benefit plans during the period. [SEPT. 2001]"]
[null,"PS 3250 .101","The description of the significant retirement benefit plans and contribution formulae might include demographic information about the participants."]
[null,"PS 3250 .102","The description of the funding policy might also include: the employee and government contributions during the accounting period; the major types of plan assets, the total amounts and the basis of their valuation; and the extent to which the fund holds securities of the sponsoring government."]
[null,"PS 3250 .103","The description of significant changes to the plan or to the financing of the plan might also include which employee group(s) is affected and a description of the impact of such changes on current and future retirement benefit liabilities and related expenses."]
[null,"MULTIEMPLOYER AND MULTIPLE-EMPLOYER BENEFIT PLANS",null,"x"]
[null,"PS 3250 .110","When benefits are provided to employees through a multiemployer retirement benefit plan, each entity participating in the plan, other than the sponsoring government, should follow the standards for defined contribution plans. [SEPT. 2001]"]
[null,"PS 3250 .111","The government should disclose any available information about any surplus or deficit in a multiemployer plan, the basis used to determine the surplus or deficit and the implications, if any, for the government. [SEPT. 2001]"]
[null,null,"Note: Appendix B presents illustrative examples that have been prepared by CPA Canada staff to illustrate how the standards in Section PS 3250 might be implemented.","x","x","x"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3255","index":26,"n_rows":11,"n_cols":6,"rows_kept":11,"cut":false,"hidden":false,"merged":[[1,1,1,5],[0,4,0,5],[8,1,8,5],[9,1,9,5],[10,1,10,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3255 Post-employment Benefits, Compensated Absences and Termination Benefits"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3255 .35 ","For post-employment benefits and compensated absences, financial statements would disclose information similar to the disclosures required in RETIREMENT BENEFITS, Section PS 3250. Some of the required disclosures will not be relevant for certain of these other types of benefits. For example, current period benefit cost and the components of the retirement benefits interest expense may not be relevant for event-driven post-employment benefits. In such circumstances, a simplified basis of disclosure may be appropriate. Professional judgment will be necessary to determine what disclosures will meet the requirements set out in PS 3250."]
[null,"PS 3255 .36 ","For post-employment benefits and compensated absences, governments are encouraged to disclose a general description of the plans, information about key assumptions, a reconciliation of assets and accrued benefit obligations from the beginning of a fiscal period to the end of a fiscal period, and the expense for the period. The reconciliation of assets and accrued benefit obligations would specifically identify the effects of termination benefits. Similarly, the expense for the period would specifically identify the amount due to termination benefits."]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3260","index":27,"n_rows":23,"n_cols":6,"rows_kept":23,"cut":false,"hidden":false,"merged":[[22,1,22,5],[7,1,12,1],[1,1,1,5],[0,4,0,5],[20,1,20,5],[21,1,21,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3260 Liability for Contaminated Sites"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3260 .35 ","If a liability is not recognized, it may be appropriate to provide information about the existence, nature and extent of the present obligation in notes to the financial statements. For further guidance, refer to FINANCIAL STATEMENT CONCEPTS, Section PS 1000, LIABILITIES, Section PS 3200, and CONTINGENT LIABILITIES, Section PS 3300."]
[null,"PS 3260 .38 ","If it is likely that the future event will confirm the government's responsibility, a liability would be recognized if the amount can be reasonably estimated. If it is unlikely that a government will be responsible, no liability would be recognized. If the outcome of the future event cannot be determined, the existence, nature and extent of the contingent liability would be disclosed. CONTINGENT LIABILITIES, Section PS 3300, provides additional guidance."]
[null,"PS 3260 .52 ","In some cases, an estimate of a liability may only be based on an individual site investigation that takes into consideration unique site characteristics such as the historical land use, site-specific conditions and nature and extent of contamination. If a reasonable estimate of the amount cannot be made, it may be necessary to disclose the nature of the liability and the potential effect on the government's financial statements when the liability becomes measurable."]
[null,"PS 3260.63","A contingent recovery should be disclosed in accordance with CONTINGENT ASSETS, Section PS 3320)."]
[null,"PS 3260 .65 ","A financial statement should disclose information about:","x","x","x"]
[null,null,"(a) the nature and source of the liability;"]
[null,null,"(b) the basis for the estimate of the liability;"]
[null,null,"(c) when a net present value technique is used, the estimated total undiscounted expenditures and discount rate;"]
[null,null,"(d) the reasons for not recognizing a liability; and"]
[null,null,"(e) the estimated recoveries. [APRIL 2014]"]
[null,"PS 3260 .66 ","The level of detail disclosed by a government reflects the highly aggregated nature of financial statements. When deciding the level of detail to disclose, governments consider the usefulness of the information to readers in assessing the nature and extent of a government's liability for remediation of contaminated sites. It may be useful to group similar items together. The level of disclosure also considers the sensitivity of the information."]
[null,"PS 3260 .67 ","The notes to the financial statements would disclose the basis of recognition and measurement of the liability. Disclosures would include the significant assumptions underlying the reported amount. If a present value technique is used to estimate the liability, the estimated total future expenditures for settlement of the liability and the discount rate would be disclosed. When possible, the anticipated timing of future expenditures would also be disclosed. Additional disclosures are encouraged when the disclosures will enhance the financial statement users' understanding of the estimate of the liability."]
[null,"PS 3260 .68 ","When a liability is not recognized, the reason why a reasonable estimate of the amount involved cannot be made or why it is not expected that economic benefits will be given up would be disclosed."]
[null,"PS 3260 .69 ","Uncertainties affecting the measurement of a liability for remediation of contaminated sites are disclosed in accordance with MEASUREMENT UNCERTAINTY, Section PS 2130."]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3280","index":28,"n_rows":27,"n_cols":6,"rows_kept":27,"cut":false,"hidden":false,"merged":[[26,1,26,5],[0,4,0,5],[1,1,1,5],[5,1,16,1],[24,1,24,5],[25,1,25,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3280 Asset Retirement Obligations"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3280.59","Uncertainties affecting the measurement of a liability for an asset retirement obligation are disclosed in accordance with MEASUREMENT UNCERTAINTY, Section PS 2130."]
[null,"PS 3280.61","A contingent recovery should be disclosed in accordance with CONTINGENT ASSETS, Section PS 3320. [APRIL 2022]"]
[null,"PS 3280.63","A public sector entity should disclose the following information:","x","x","x"]
[null,null,"(a) a general description of the liability for an asset retirement obligation and the associated tangible capital asset (or a component thereof);"]
[null,null,"(b) the amortization method used for the asset retirement costs;"]
[null,null,"(c) the basis for the estimate of the liability, including the estimated total undiscounted expenditures, the time period over which the undiscounted expenditures are to be incurred, the estimated timing of settlement of these expenditures and the discount rate used;"]
[null,null,"(d) a reconciliation of the beginning and ending aggregate carrying amount of the liability showing separately the changes attributable to:"]
[null,null,"(i) the liability incurred in the current period;"]
[null,null,"(ii) the liability settled in the current period;"]
[null,null,"(iii) the change resulting from the passage of time (i.e., accretion expense); and"]
[null,null,"(iv) revisions in estimated cash flows."]
[null,null,"(e) how any requirements for financial assurance and funding associated with asset retirement obligations, if legally required, are being met;"]
[null,null,"(f) when a reasonable estimate of the amount of an asset retirement obligation cannot be made, that fact and the reasons therefor; and"]
[null,null,"(g) the estimated recoveries. [APRIL 2022]"]
[null,"PS 3280.64","When deciding the level of detail to disclose, entities consider the usefulness of the information to readers in assessing the nature and extent of an entity's liability for asset retirement obligations.  It may be useful to group similar items together."]
[null,"PS 3280.65","If a public sector entity is subject to legal requirements to provide financial assurance and funding associated with asset retirement obligations by setting aside assets designated for payment of such obligations, the entity would disclose that fact."]
[null,"PS 3280.66","In extremely rare cases, a public sector entity may not be able to make a reasonable estimate of the amount of the liability. When a reasonable estimate of the amount of the liability cannot be made, this fact should be disclosed in accordance with LIABILITIES, Section PS 3200."]
[null,null,"Note: Appendices A and B present a decision tree and illustrative examples that have been prepared by CPA Canada staff to illustrate how the standards in Section PS 3280 might be implemented.","x","x","x"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3300","index":29,"n_rows":21,"n_cols":6,"rows_kept":21,"cut":false,"hidden":false,"merged":[[0,4,0,5],[18,1,18,5],[19,1,19,5],[20,1,20,5],[3,1,6,1],[7,1,11,1],[1,1,1,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3300 Contingent Liabilities"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3300 .27 ","The existence of a contingent liability at the date of the financial statements should be disclosed in notes to the financial statements when:","x","x","x"]
[null,null,"(a) the occurrence of the confirming future event is likely but the amount of the liability cannot be reasonably estimated;"]
[null,null,"(b) the occurrence of the confirming future event is likely and an accrual has been made, but there exists an exposure to liability in excess of the amount accrued; or"]
[null,null,"(c) the occurrence of the confirming future event is not determinable. [SEPT. 2004]"]
[null,"PS 3300 .28 ","The following information should be disclosed in notes or schedules relative to a contingent liability, unless its occurrence is unlikely:","x","x","x"]
[null,null,"(a) the nature;"]
[null,null,"(b) the extent, except in those cases where the extent cannot be measured or disclosure of the extent would have an adverse effect on the outcome;"]
[null,null,"(c) the reason(s) for any non-disclosure of the extent; and"]
[null,null,"(d) when an estimate of the amount has been made, the basis for that estimate. [SEPT. 2004]"]
[null,"PS 3300 .29 ","Disclosure of the nature of contingent liabilities includes a description of the circumstances giving rise to the uncertainty and information about the anticipated resolution of the uncertainty."]
[null,"PS 3300 .30 ","Disclosure of the extent of a contingent liability includes the government's best estimate and a range of possible amounts, unless it would have an adverse effect on the outcome. A financial statement user may not find disclosure of a broad range of amounts, which may extend from the minimum possible amount to the maximum possible amount, as useful as a narrower range that comprises what is reasonable."]
[null,"PS 3300 .31 ","It may also be useful to disclose the significant assumptions underlying the contingent liability that are subject to change, and the impact that a change would have on the estimate. Disclosure of the extent could also be accomplished by disclosing the maximum likely amount of the contingent liability, accompanied by an explanation of the significant factors that could affect the resolution of the contingent liability and the prospects that any contingent liability will be less than the maximum likely amount."]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3310","index":30,"n_rows":24,"n_cols":6,"rows_kept":24,"cut":false,"hidden":false,"merged":[[1,1,1,5],[0,4,0,5],[21,1,21,5],[22,1,22,5],[23,1,23,5],[4,1,6,1],[7,1,11,1],[12,1,17,1]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3310 Loan Guarantees"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3310 .05 ","Government loan guarantees should be accounted for and reported as contingent liabilities in the government's financial statements. [JUNE 1995]"]
[null,"PS 3310 .29 ","Government financial statements should disclose information to describe the accounting policies selected and applied to loan guarantees, including:","x","x","x"]
[null,null,"(a) the basis for initial recognition and measurement of the provision for losses on loan guarantees; and"]
[null,null,"(b) the policy with respect to changes in the amount of the provision. [JUNE 1995]"]
[null,"PS 3310 .31 ","Government financial statements should disclose in notes or schedules the nature and terms of significant classes of loan guarantees. Information that should be disclosed includes:","x","x","x"]
[null,null,"(a) the authorized limit;"]
[null,null,"(b) the principal amount outstanding;"]
[null,null,"(c) the amount of provision for losses; and"]
[null,null,"(d) general terms and conditions. [JUNE 1995]"]
[null,"PS 3310 .32 ","General terms and conditions of significant classes of loan guarantees may include:","x","x","x"]
[null,null,"(a) a general description of loan guarantee programs;"]
[null,null,"(b) the period covered by the class of loan guarantees;"]
[null,null,"(c) interest terms;"]
[null,null,"(d) special conditions; and"]
[null,null,"(e) security pledged."]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3320","index":31,"n_rows":16,"n_cols":6,"rows_kept":16,"cut":false,"hidden":false,"merged":[[15,1,15,5],[0,4,0,5],[1,1,1,5],[4,1,8,1],[13,1,13,5],[14,1,14,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3320 Contingent Assets"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3320 .19 ","The existence of a contingent asset at the date of the financial statements should be disclosed in notes to the financial statements when the occurrence of the confirming future event is likely. [APRIL 2017]"]
[null,"PS 3320 .20 ","The following information should be disclosed in notes or schedules relative to a contingent asset:","x","x","x"]
[null,null,"(a) the nature;"]
[null,null,"(b) the extent, except in those cases where the extent cannot be measured or disclosure of the extent would have an adverse effect on the outcome;"]
[null,null,"(c) the reason(s) for any non-disclosure of the extent; and"]
[null,null,"(d) when an estimate of the amount has been made, the basis for that estimate. [APRIL 2017]"]
[]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3380","index":32,"n_rows":11,"n_cols":6,"rows_kept":11,"cut":false,"hidden":false,"merged":[[0,4,0,5],[1,1,1,5],[8,1,8,5],[9,1,9,5],[10,1,10,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3380 Contractual Rights"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3380 .11 ","Information about a public sector entity's contractual rights should be disclosed in notes or schedules to the financial statements and should include descriptions about their nature and extent and the timing. [APRIL 2017]"]
[]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3390","index":33,"n_rows":10,"n_cols":6,"rows_kept":10,"cut":false,"hidden":false,"merged":[[1,1,1,5],[0,4,0,5],[7,1,7,5],[8,1,8,5],[9,1,9,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3390 Contractual Obligations"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3390 .09 ","Information about a government's contractual obligations should be disclosed in notes or schedules to the financial statements and should include descriptions of their nature and extent and the timing of the related expenditures. [APRIL 2017]"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3400","index":34,"n_rows":18,"n_cols":6,"rows_kept":18,"cut":false,"hidden":false,"merged":[[17,1,17,5],[0,4,0,5],[1,1,1,5],[3,1,6,1],[15,1,15,5],[16,1,16,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3400 Revenue"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3400 .88","A public sector entity should disclose:","x","x","x"]
[null,null,"(a) disaggregated revenues reported on the statement of operations by source and type, with separate disclosure of revenues that are not related to recurring activities;"]
[null,null,"(b) typical performance obligations and the methods and policies that apply when recognizing revenues; and"]
[null,null,"(c) the nature and amount of continuing performance obligations grouped by category of similar transactions. [APRIL 2023]"]
[null,"PS 3400 .89","When a public sector entity has the information necessary to record a transaction but does not expect to collect payment, disclosure of these amounts is required. [APRIL 2023]"]
[null,"PS 3400 .90","In circumstances where the terms of the arrangement include significant concessionary terms so that all or a part of the transaction is concessionary in nature, disclosure of the original amount of the transaction price should be provided. [APRIL 2023]"]
[null,"PS 3400 .91","Providing significant revenue sources and types, and describing when and how those revenues are recognized, helps users of the financial statements interpret the resources available to the public sector entity as well as future revenue streams."]
[null,"PS 3400 .92","Indicating which revenue sources and types are recurring versus non-recurring also assists financial statements users to better understand the annual surplus or deficit of the public sector entity and the implications for subsequent years."]
[]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3420","index":35,"n_rows":10,"n_cols":6,"rows_kept":10,"cut":false,"hidden":false,"merged":[[1,1,1,5],[0,4,0,5],[7,1,7,5],[8,1,8,5],[9,1,9,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3420 Inter-entity Transactions"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3420 .23 ","An entity should disclose information about inter-entity transactions, whether or not given accounting recognitions, in accordance with RELATED PARTY DISCLOSURES, Section PS 2200. [APRIL 2017]"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3430","index":36,"n_rows":35,"n_cols":6,"rows_kept":35,"cut":false,"hidden":false,"merged":[[33,1,33,5],[34,1,34,5],[0,4,0,5],[1,1,1,5],[8,1,10,1],[11,1,19,1],[20,1,26,1],[32,1,32,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3430 Restructuring Transactions"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3430 .48 ","The net effect of a restructuring transaction should be presented as a separate revenue or expense item in the statement of operations. [APRIL 2018]"]
[null,"PS 3430 .50 ","A transferor and a recipient should not restate its financial position or results of operations prior to the restructuring date to retroactively report the effects of a restructuring transaction in its financial statements as if the restructuring transaction took place prior to the restructuring date. [APRIL 2018]"]
[null,"PS 3430 .52 ","A recipient discloses the initial amounts recognized for individual assets and liabilities received rather than presenting them in its statement of financial position. The net effect of a restructuring transaction is presented as a separate revenue or expense item in the statement of operations for the period in which the restructuring transaction occurs. The results of operations of the transferred responsibilities from the restructuring date to the end of the reporting period are combined with the results of the recipient's pre-restructuring operations, if any, for the entire reporting period in the statement of operations in the period the restructuring transaction occurs."]
[null,"PS 3430 .53 ","A transferor would separately identify the revenue and expenses of the programs or operations for which the responsibilities are transferred in the statement of operations in the period the restructuring transaction occurs, including the comparative amounts, if they are significant in relation to the results of operations. Otherwise, it would disclose the information."]
[null,"PS 3430 .54 ","A transferor and a recipient should disclose sufficient information to enable users to assess the nature and financial effects of a restructuring transaction on their financial position and operations. [APRIL 2018]"]
[null,"PS 3430 .55 ","A transferor and a recipient provide a description of the restructuring and an estimate of its financial effect, when practicable, or a statement that such an estimate cannot be made, in the notes to its financial statements of the reporting period preceding the restructuring if:"]
[null,null,"(a) a restructuring agreement is reached prior to completion of the financial statements; and"]
[null,null,"(b) the restructuring would have a significant effect on its assets, liabilities and future operations."]
[null,"PS 3430 .56 ","A transferor and a recipient provide a description of the restructuring transaction in the notes including:","x","x","x"]
[null,null,"(a) the entities involved and the nature of their relationships if there is any control, common control or shared control relationship among them;"]
[null,null,"(b) the reason for the restructuring;"]
[null,null,"(c) the restructuring date;"]
[null,null,"(d) the nature of assets, liabilities and related responsibilities transferred;"]
[null,null,"(e) the nature and terms of any compensation;"]
[null,null,"(f) the nature and extent of any contingent assets, contingent liabilities and contractual rights and contractual obligations transferred;"]
[null,null,"(g) the nature of any restructuring-related costs incurred; and"]
[null,null,"(h) the nature and, where applicable, terms of other restructuring-related events, arrangements and transactions."]
[null,"PS 3430 .57 ","In addition to the disclosures set out in paragraphs .52 and .53, a transferor and a recipient disclose the following information, in aggregate and by recipients / transferors where applicable and significant, in the notes:","x","x","x"]
[null,null,"(a) the carrying amount of assets and liabilities transferred and received at the restructuring date by major classifications;"]
[null,null,"(b) any adjustments made to the carrying amount of assets and liabilities received and the rationale for the adjustments;"]
[null,null,"(c) the amount of any compensation recognized;"]
[null,null,"(d) the amount of and the line item in which the net effect of the restructuring transaction is recognized;"]
[null,null,"(e) the amount of and the line items in which restructuring-related costs are recognized;"]
[null,null,"(f) the amount of and the line items in which the effects of any restructuring-related events and transactions are recognized."]
[null,"PS 3430 .58 ","A recipient also discloses the revenue and expenses related to the transferred responsibilities that are included in the statement of operations by major classifications."]
[]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 3450","index":37,"n_rows":171,"n_cols":6,"rows_kept":171,"cut":false,"hidden":false,"merged":[[168,1,168,5],[169,1,169,5],[170,1,170,5],[159,1,161,1],[1,1,1,5],[108,1,115,1],[116,1,121,1],[122,1,124,1],[126,1,129,1],[46,1,48,1],[49,1,53,1],[57,1,65,1],[66,1,68,1],[72,1,75,1],[76,1,80,1],[9,1,12,1],[13,1,18,1],[21,1,26,1],[27,1,31,1],[0,4,0,5],[138,1,140,1],[32,1,37,1],[141,1,146,1],[148,1,155,1],[156,1,158,1],[39,1,41,1],[42,1,45,1],[130,1,132,1],[133,1,136,1],[82,1,86,1],[87,1,89,1],[90,1,92,1],[93,1,97,1],[98,1,101,1],[102,1,104,1]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 3450 Financial Instruments"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 3450 .052","A government distinguishes remeasurement gains and losses from those revenues and expenses that are not remeasurement gains and losses. This distinction is achieved as  remeasurement gains and losses are recognized in the statement of remeasurement gains and losses."]
[null,"PS 3450 .053"," Except for the exchange gain or loss component of the change in fair value when the election in FOREIGN CURRENCY TRANSLATION, paragraph PS 2601.19A is made, a change in the fair value of a financial instrument in the fair value category should be recognized in the statement of remeasurement gains and losses as a remeasurement gain or loss until the financial instrument is derecognized. [APRIL 1, 2022*]\n*See explanation of effective date in paragraph PS 3450.097."]
[null,"PS 3450 .053A","A change in fair value of a financial asset in the fair value category that is externally restricted should be accounted for in accordance with RESTRICTED ASSETS AND REVENUES, paragraphs PS 3100.11-.12. [APRIL 1, 2019 *]\n* See explanation of effective date in paragraph PS 3450.097."]
[null,"PS 3450 .056","Interest and dividends attributable to financial instruments are reported in the statement of operations and are not remeasurement gains or losses. Similarly, net settlements on derivative financial instruments attributable to the reporting period are reported in the statement of operations and are not remeasurement gains and losses. However, income attributable to a financial instrument that is externally restricted is accounted for in accordance with RESTRICTED ASSETS AND REVENUES, paragraphs PS 3100.11-.12."]
[null,"PS 3450 .057","When a financial instrument is derecognized, a gain or loss is recognized in the statement of operations. [APRIL 1, 2019 *]\n* See explanation of effective date in paragraph PS 3450.097."]
[null,"PS 3450 .057A","A gain or loss associated with a financial instrument that is externally restricted is accounted for in accordance with RESTRICTED ASSETS AND REVENUES, paragraphs PS 3100.11-.12. [APRIL 1, 2019 *]\n* See explanation of effective date in paragraph PS 3450.097."]
[null,"PS 3450 .059","A financial asset and a financial liability should be offset and the net amount reported in the statement of financial position when, and only when, a government:","x","x","x"]
[null,null,"(a) currently has a legally enforceable right to set off the recognized amounts; and"]
[null,null,"(b) intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. [APRIL 1, 2019 *]"]
[null,null,"* See explanation of effective date in paragraph PS 3450.097."]
[null,"PS 3450 .066","The conditions set out in paragraph PS 3450.059 are generally not satisfied and offsetting is usually inappropriate when:","x","x","x"]
[null,null,"(a) several different financial instruments are used to emulate the features of a single financial instrument (a \"synthetic instrument\");"]
[null,null,"(b) financial assets and financial liabilities arise from financial instruments having the same primary risk exposure (for example, assets and liabilities within a portfolio of forward contracts or other derivative instruments) but involve different counterparties;"]
[null,null,"(c) financial or other assets are pledged as collateral for non-recourse financial liabilities;"]
[null,null,"(d) financial assets are set aside in trust by a debtor for the purpose of discharging an obligation without those assets having been accepted by the creditor in settlement of the obligation (for example, a sinking fund arrangement); or"]
[null,null,"(e) obligations incurred as a result of events giving rise to losses are expected to be recovered from a third party by virtue of a claim made under an insurance contract."]
[null,"PS 3450.067A","When a government repurchases its own debt instrument in accordance with paragraph PS 3450.044, the repurchased instrument and the original financial liability should be offset in the statement of financial position of the government reporting entity. Similarly, any interest revenue and interest expense associated with this repurchased debt instrument should be offset in the statement of operations. Disclosures of the amounts that have been offset should be included in the notes to the financial statements in accordance with LONG-TERM DEBT, paragraph PS 3230.22."]
[null,"PS 3450 .069","A government should disclose information that enables users of its financial statements to evaluate the significance of financial instruments for its financial position and changes in its financial position. [APRIL 1, 2019 *]\n* See explanation of effective date in paragraph PS 3450.097."]
[null,"PS 3450 .070","The carrying amounts of financial assets of each of the following categories are disclosed either in the statement of financial position or in the notes:","x","x","x"]
[null,null,"(a) cost or amortized cost;"]
[null,null,"(b) fair value, showing separately:"]
[null,null,"(i) derivatives;"]
[null,null,"(ii) portfolio investments in equity instruments that are quoted in an active market; and"]
[null,null,"(iii) financial assets designated to the fair value category."]
[null,"PS 3450 .071","The carrying amounts of financial liabilities of each of the following categories are disclosed either in the statement of financial position or in the notes:","x","x","x"]
[null,null,"(a) cost or amortized cost;"]
[null,null,"(b) fair value, showing separately:"]
[null,null,"(i) derivatives; and"]
[null,null,"(ii) financial liabilities designated to the fair value category."]
[null,"PS 3450 .071A"," If applicable, a government discloses in the notes the carrying amounts of financial assets and financial liabilities in which exchange gains and losses, including the exchange gain or loss component of changes in fair value, are recognized directly in the statement of operations. Carrying amounts of each of the following categories are disclosed:","x","x","x"]
[null,null,"(a)     cost or amortized cost;"]
[null,null,"(b)     fair value, showing separately"]
[null,null,"(i)     derivatives;"]
[null,null,"(ii)    portfolio investments in equity instruments that are quoted in an active market; and"]
[null,null,"(iii)   financial assets or financial liabilities designated to the fair value category."]
[null,"PS 3450 .072","If, at the financial statement date, a government holds items that it has designated to the fair value category, it provides the disclosures in paragraphs PS 3450.A51-.A54."]
[null,"PS 3450 .073","A government discloses:","x","x","x"]
[null,null,"(a) the carrying value of financial assets it has pledged as collateral for liabilities or contingent liabilities; and"]
[null,null,"(b) the terms and conditions relating to its pledge."]
[null,"PS 3450 .074","For loans payable recognized at the financial statement date, a government discloses:","x","x","x"]
[null,null,"(a) details of any defaults during the period of principal, interest, sinking fund, or redemption terms of those loans payable;"]
[null,null,"(b) the carrying amount of the loans payable in default at the end of the reporting period; and"]
[null,null,"(c) whether the default was remedied, or the terms of the loans payable were renegotiated, before the date the financial statements were completed."]
[null,"PS 3450 .076","A government reports remeasurement gains and losses, distinguishing between:","x","x","x"]
[null,null,"(a) amounts arising during the period; and"]
[null,null,"(b) the reclassification of remeasurement gains and losses to the statement of operations for financial instruments derecognized during the period."]
[null,"PS 3450 .077","Remeasurement gains and losses are presented in a manner that informs readers as to their origins by distinguishing among:","x","x","x"]
[null,null,"(a) derivatives;"]
[null,null,"(b) portfolio investments in equity instruments that are quoted in an active market; and"]
[null,null,"(c) financial instruments designated to the fair value category."]
[null,null,"Gains and losses may be reported on a net basis within each of (a), (b) and (c).","x","x","x"]
[null,"PS 3450 .078","In accordance with DISCLOSURE OF ACCOUNTING POLICIES, Section PS 2100, a government discloses the measurement basis (or bases) used in preparing the financial statements and other accounting policies that are relevant to an understanding of the financial statements."]
[null,"PS 3450 .079","A government holding derivatives discloses information to explain the purpose of its use of derivatives. It provides information to explain how derivatives support managing the nature and extent of risks arising from financial instruments disclosed in accordance with the requirements in paragraphs PS 3450.085-.096. In preparing this information, consideration is given to derivatives traded during the period as well as holdings as at the financial statement date."]
[null,"PS 3450 .080","A government holding derivatives or items it has designated to the fair value category at the financial statement date discloses the methods and, when a valuation technique is used, the assumptions applied in determining fair values of each class of financial assets or financial liabilities. For example, if applicable, a government discloses information about the assumptions relating to prepayment rates, rates of estimated credit losses, and interest rates or discount rates. If there has been a change in valuation technique, a government discloses that change and the reasons for making it."]
[null,"PS 3450 .082","For fair value measurements recognized in the statement of financial position, a government discloses the following for each class of financial instruments.","x","x","x"]
[null,null,"(a) The level in the fair value hierarchy into which the fair value measurements are categorized in their entirety, segregating fair value measurements in accordance with the levels defined in paragraph PS 3450.081."]
[null,null,"(b) Any significant transfers between Level 1 and Level 2 of the fair value hierarchy and the reasons for those transfers. Transfers into each level are disclosed and discussed separately from transfers out of each level. For this purpose, significance is judged with respect to remeasurement gains and losses and total financial assets or total liabilities."]
[null,null,"(c) For fair value measurements in Level 3 of the fair value hierarchy, a reconciliation from the beginning balances to the ending balances, disclosing separately changes during the period attributable to the following:"]
[null,null,"(i) total gains or losses for the period recognized in the statement of remeasurement gains and losses and/or the statement of operations;"]
[null,null,"(ii) purchases, sales, issues and settlements (each type of movement disclosed separately); and"]
[null,null,"(iii) transfers in or out of Level 3 (for example, transfers attributable to changes in the observability of market data) and the reasons for those transfers; and"]
[null,null,"(d) for fair value measurements in Level 3, if changing one or more of the inputs to reasonably possible alternative assumptions would change fair value significantly, a government states that fact and discloses the effect of those changes."]
[null,null,"In the case of significant transfers in or out of Level 3, transfers into Level 3 are disclosed and discussed separately from transfers out of Level 3. A government discloses how the effect of a change to a reasonably possible alternative assumption was calculated. In these cases, significance is judged with respect to remeasurement gains and losses and total financial assets or total liabilities."]
[null,"PS 3450 .083","If the market for a financial instrument is not active, a government establishes its fair value using a valuation technique (see paragraphs PS 3450.A33-.A39). Nevertheless, the best evidence of fair value at initial recognition is the transaction price (i.e., the fair value of the consideration given or received), unless conditions described in paragraph PS 3450.A35 are met. It follows that there could be a difference between the fair value at initial recognition and the amount that would be determined at that date using the valuation technique. If such a difference exists, a government discloses, by class of financial instrument:","x","x","x"]
[null,null,"(a) its accounting policy for reporting that difference in remeasurement gains and losses to reflect a change in factors (including time) that market participants would consider in setting a price (see paragraph PS 3450.A36); and"]
[null,null,"(b) the aggregate difference yet to be reported in remeasurement gains and losses at the beginning and end of the period and a reconciliation of changes in the balance of this difference."]
[null,"PS 3450.084","Disclosure of fair values for financial assets and financial liabilities in the cost or amortized cost measurement category is not required except when a government discloses the quoted market value as well as the carrying value of portfolio investments."]
[null,"PS 3450 .085","A government should disclose information that enables users of its financial statements to evaluate the nature and extent of risks arising from financial instruments to which it is exposed at the financial statement date. [APRIL 1, 2019*]\n* See explanation of effective date in paragraph PS 3450.097."]
[null,"PS 3450 .086","The required disclosures focus on the risks that arise from financial instruments and how they have been managed. These risks typically include credit risk, liquidity risk and market risk. Market risk comprises three types of risk: currency risk, interest rate risk and other price risk. Disclosures assist users in understanding the nature and extent of these risks. The disclosures required in paragraphs PS 3450.087-.096 are provided in the notes to the financial statements. Alternatively, the disclosures may appear within a financial statement discussion and analysis that is an integral part of, and cross-referenced to, a government's financial statements."]
[null,"PS 3450 .087","For each type of risk arising from financial instruments, a government discloses:","x","x","x"]
[null,null,"(a) the exposures to risk and how they arise;"]
[null,null,"(b) its objectives, policies and processes for managing the risk and the methods used to measure the risk; and"]
[null,null,"(c) any changes in (a) or (b) from the previous period."]
[null,"PS 3450 .088","For each type of risk arising from financial instruments, a government discloses:","x","x","x"]
[null,null,"(a) summary quantitative data about its exposure to that risk at the financial statement date;"]
[null,null,"(b) the disclosures required by paragraphs PS 3450.090-.096 to the extent not provided in accordance with (a); and"]
[null,null,"(c) concentrations of risk if not apparent from the disclosures made in accordance with (a) and (b)."]
[null,null,"The disclosure relating to summary quantitative data is based on the information provided internally to key management personnel (for example, the government's deputy minister of finance or chief financial officer)."]
[null,"PS 3450 .089","If the quantitative data disclosed as at the financial statement date are unrepresentative of a government's exposure to risk during the period, a government provides further information that is representative."]
[null,"PS 3450 .090","A government discloses, by class of financial instrument:","x","x","x"]
[null,null,"(a) the amount that best represents its maximum exposure to credit risk at the financial statement date without taking account of any collateral held or other credit enhancements (for example, netting agreements that do not qualify for offset in accordance with paragraph PS 3450.059);"]
[null,null,"(b) a description of collateral held as security, and other credit enhancements and their financial effect (for example, a quantification of the extent to which collateral and other credit enhancements mitigate credit risk) in respect of the amount that best represents the maximum exposure to credit risk (whether disclosed in accordance with (a) or represented by the carrying amount of a financial instrument); and"]
[null,null,"(c) information about the credit quality of financial assets that are neither past due nor impaired."]
[null,null,"The disclosure relating to the amount that best represents its maximum exposure to credit risk is not required for financial instruments whose carrying amount best represents the maximum exposure to credit risk."]
[null,"PS 3450 .091","A government discloses, by class of financial asset:","x","x","x"]
[null,null,"(a) an analysis of the age of financial assets that are past due as at the financial statement date but not impaired; and"]
[null,null,"(b) an analysis of financial assets that are individually determined to be impaired as at the financial statement date, including the factors the government considered in determining that they are impaired."]
[null,"PS 3450 .092","When a government obtains financial or non-financial assets during the period by taking possession of collateral it holds as security or calling on other credit enhancements (for example, guarantees), and such assets meet the recognition criteria (see FINANCIAL STATEMENT CONCEPTS, Section PS 1000), a government discloses for such assets held at the financial statement date:","x","x","x"]
[null,null,"(a) the nature and carrying amount of the assets; and"]
[null,null,"(b) when the assets are not readily convertible into cash, its policies for disposing of such assets or for using them in its operations."]
[null,"PS 3450 .093","A government discloses:","x","x","x"]
[null,null,"(a) a maturity analysis for non-derivative financial liabilities that shows the remaining contractual maturities;"]
[null,null,"(b) a maturity analysis for derivative financial liabilities; and"]
[null,null,"(c) a description of how it manages the liquidity risk inherent in (a) and (b)."]
[null,null,"The maturity analysis in (b) includes the remaining contractual maturities for those derivative financial liabilities for which contractual maturities are essential for an understanding of the timing of cash flows."]
[null,"PS 3450 .094","Unless a government complies with paragraph PS 3450.095, it discloses:","x","x","x"]
[null,null,"(a) a sensitivity analysis for each type of market risk to which it is exposed at the financial statement date, showing how operating results for the period (and remeasurement gains and losses, when necessary) would have been affected by changes in the relevant risk variable that were reasonably possible at that date;"]
[null,null,"(b) the methods and assumptions used in preparing the sensitivity analysis; and"]
[null,null,"(c) changes from the previous period in the methods and assumptions used, and the reasons for such changes."]
[null,"PS 3450 .095","If a government prepares a sensitivity analysis, such as value at risk, that reflects interdependencies between risk variables (for example, interest rates and exchange rates) and uses it to manage financial risks, it may use that sensitivity analysis in place of the analysis specified in paragraph PS 3450.094. A government also discloses:","x","x","x"]
[null,null,"(a) an explanation of the method used in preparing such a sensitivity analysis, and of the main parameters and assumptions underlying the data provided; and"]
[null,null,"(b) an explanation of the objective of the method used and of limitations that may result in the information not fully reflecting the fair value of the assets and liabilities involved."]
[null,"PS 3450 .096","When the sensitivity analyses disclosed in accordance with paragraphs PS 3450.094-.095 are unrepresentative of a risk inherent in a financial instrument (for example, because the exposure at the financial statement date does not reflect the exposure during the year), a government would disclose that fact and the reason it believes the sensitivity analyses are unrepresentative."]
[null,"PS 3450 .A46 ","In the period a government derecognizes financial instruments in the fair value category upon which remeasurement gains and losses were reported in preceding periods, it reports an adjustment to reverse the cumulative remeasurement gain or loss within the statement of remeasurement gains and losses."]
[null,"PS 3450 .A51 ","When a government has designated items as financial instruments to the fair value category, the disclosures in set out in paragraphs PS 3450.A52-.A54 apply to items held at the financial statement date."]
[null,"PS 3450 .A52 ","If a government has designated a loan or receivable (or a group of loans or receivables) to the fair value category, it discloses:","x","x","x"]
[null,null,"(a) the maximum exposure to credit risk of the loan or receivable (or group of loans or receivables) at the financial statement date;"]
[null,null,"(b) the amount by which any related credit derivatives or similar instruments mitigate that maximum exposure to credit risk;"]
[null,null,"(c) the amount of change, during the period and cumulatively, in the fair value of the loan or receivable (or group of loans or receivables) that is attributable to changes in the credit risk of the financial asset determined either:"]
[null,null,"(i) as the amount of change in its fair value that is not attributable to changes in market conditions that give rise to market risk; or"]
[null,null,"(ii) using an alternative method a government believes more faithfully represents the amount of change in its fair value that is attributable to changes in the credit risk of the asset; and"]
[null,null,"(d) the amount of the change in the fair value of any related credit derivatives or similar instruments that has occurred during the period and cumulatively since the loan or receivable was designated."]
[null,null,"Changes in market conditions that give rise to market risk include changes in an observed (benchmark) interest rate, commodity price, foreign exchange rate or index of prices or rates.","x","x","x"]
[null,"PS 3450 .A53 ","If a government has designated a financial liability (or a group of financial liabilities) to the fair value category, it discloses:","x","x","x"]
[null,null,"(a) the amount of change, during the period and cumulatively, in the fair value of the financial liability that is attributable to changes in the credit risk of that liability determined either:"]
[null,null,"(i) as the amount of change in its fair value that is not attributable to changes in market conditions that give rise to market risk; or"]
[null,null,"(ii) using an alternative method a government believes more faithfully represents the amount of change in its fair value that is attributable to changes in the credit risk of the liability; and"]
[null,null,"(b) the difference between the financial liability's carrying amount and the amount a government would be contractually required to pay at maturity to the holder of the obligation."]
[null,null,"Changes in market conditions that give rise to market risk include changes in a benchmark interest rate, the price of another entity's financial instrument, a commodity price, a foreign exchange rate or an index of prices or rates. For contracts that include a unit-linking feature (i.e., the return on the contract is linked to the return on an identified asset or pool of assets), changes in market conditions include changes in the performance of the related asset(s).","x","x","x"]
[null,"PS 3450 .A54 ","A government discloses:","x","x","x"]
[null,null,"(a) the methods used to comply with the requirements in paragraphs PS 3450.A52(c) and PS 3450.A53(a); and"]
[null,null,"(b) if a government believes that the disclosure it has given to comply with the requirements in paragraphs PS 3450.A52(c) and PS 3450.A53(a) does not faithfully represent the change in the fair value of the financial asset or financial liability attributable to changes in its credit risk, the reasons for reaching this conclusion and the factors it believes are relevant."]
[null,"PS 3450.A55","Paragraph PS 3450.088(a) requires disclosures of summary quantitative data about a government's exposure to risks based on the information provided internally to a government's key management personnel. When a government uses several methods to manage a risk exposure, it would disclose information using the method or methods that provide the most relevant and reliable information. FINANCIAL STATEMENT CONCEPTS, Section PS 1000, addresses relevance and reliability."]
[null,"PS 3450 .A56 ","Paragraph PS 3450.088(c) requires disclosures about concentrations of risk. Concentrations of risk arise from financial instruments that have similar characteristics and are affected similarly by changes in economic or other conditions. The identification of concentrations of risk requires judgment taking into account the circumstances of a government. Disclosure of concentrations of risk would include:","x","x","x"]
[null,null,"(a) a description of how management determines concentrations;"]
[null,null,"(b) a description of the shared characteristic that identifies each concentration (for example, by counterparty, geographical area, currency or market); and"]
[null,null,"(c) the amount of the risk exposure associated with all financial instruments sharing that characteristic."]
[null,"PS 3450 .A57 ","Paragraph PS 3450.090 requires disclosure of the amount that best represents a government's maximum exposure to credit risk. For a financial asset, this is typically the gross carrying amount, net of:","x","x","x"]
[null,null,"(a) any amounts offset in accordance with paragraph PS 3450.059; and"]
[null,null,"(b) any impairment losses or changes in valuation allowances recognized in accordance with FINANCIAL STATEMENT PRESENTATION, paragraph PS 1201.053, PORTFOLIO INVESTMENTS, Section PS 3040, and LOANS RECEIVABLE, Section PS 3050."]
[null,"PS 3450 .A59 ","In accordance with paragraph PS 3450.093, a government discloses summary quantitative data about its exposure to liquidity risk on the basis of the information provided internally to key management personnel. A government explains how such data is determined. If the outflows of cash (or another financial asset) included in the data could either:","x","x","x"]
[null,null,"(a) occur significantly earlier than indicated in the data; or"]
[null,null,"(b) be for significantly different amounts from those indicated in the data (i.e., for a derivative that is included in the data on a net settlement basis but for which the counterparty has the option to require gross settlement);"]
[null,null,"a government states that fact and provides quantitative information that enables users of its financial statements to evaluate the extent of this risk, unless that information is included in the contractual maturity analyses required by paragraph PS 3450.093(a) or (b)."]
[null,"PS 3450 .A61 ","In complying with paragraph PS 3450.093(a)-(b), a government does not separate an embedded derivative from a hybrid (combined) financial instrument. For such an instrument, a government applies paragraph PS 3450.093(a)"]
[null,"PS 3450 .A63 ","Paragraph PS 3450.093(a)-(b) requires a government to disclose maturity analyses for financial liabilities that show the remaining contractual maturities for some financial liabilities. A government considers the following in preparing its disclosures:","x","x","x"]
[null,null,"(a) When a counterparty has a choice of when an amount is paid, the liability is allocated to the earliest period in which a government can be required to pay. For example, financial liabilities that a government can be required to pay on demand (for example, demand deposits) are included in the earliest time band."]
[null,null,"(b) When a government is committed to make amounts available in instalments, each instalment is allocated to the earliest period in which a government can be required to pay. For example, when a bond is redeemable at the holder's option, repayment of the bond is allocated to the earliest period in which the bond could be redeemed."]
[null,"PS 3450 .A64 ","The contractual amounts disclosed in the maturity analyses as required by paragraph PS 3450.093(a)-(b) are the contractual undiscounted cash flows, for example:"]
[null,null,"(a) gross finance lease obligations (before deducting finance charges);"]
[null,null,"(b) prices specified in forward agreements to purchase financial assets for cash;"]
[null,null,"(c) net amounts for pay-floating/receive-fixed interest rate swaps for which net cash flows are exchanged; and"]
[null,null,"(d) contractual amounts to be exchanged in a derivative financial instrument (for example, a currency swap) for which gross cash flows are exchanged."]
[null,null,"Such undiscounted cash flows differ from the amount included in the statement of financial position because the amount in that statement is based on discounted cash flows. When the amount payable is not fixed, the amount disclosed is determined by reference to the conditions existing at the financial statement date. For example, when the amount payable varies with changes in an index, the amount disclosed may be based on the level of the index at the end of the period.","x","x","x"]
[null,"PS 3450 .A65 ","Paragraph PS 3450.093(c) requires a government to describe how it manages the liquidity risk inherent in the items disclosed in the quantitative disclosures required in paragraph PS 3450.093(a)-(b). A government discloses a maturity analysis of financial assets it holds for managing liquidity risk (for example, financial assets that are readily saleable or expected to generate cash inflows to meet cash outflows on financial liabilities), if that information is necessary to enable users of its financial statements to evaluate the nature and extent of liquidity risk."]
[null,"PS 3450 .A66 ","Other factors a government might consider in providing the disclosure required in paragraph PS 3450.093(c) include, but are not limited to, whether a government:","x","x","x"]
[null,null,"(a) has committed borrowing facilities or lines of credit that it can access to meet liquidity needs;"]
[null,null,"(b) has very diverse funding sources;"]
[null,null,"(c) has significant concentrations of liquidity risk in either its assets or its funding sources;"]
[null,null,"(d) has internal control processes and contingency plans for managing liquidity risk;"]
[null,null,"(e) has instruments that include accelerated repayment terms (for example, as might arise on the downgrade of a government's credit rating);"]
[null,null,"(f) has instruments that could require the posting of collateral (for example, margin calls for derivatives); and"]
[null,null,"(g) has instruments that are subject to master netting agreements."]
[null,"PS 3450 .A68 ","Paragraph PS 3450.094(a) requires the sensitivity analysis to show the effect on operating results for the period (and remeasurement gains and losses, when necessary) of reasonably possible changes in the relevant risk variable (for example, prevailing market interest rates, currency rates, equity prices or commodity prices). In applying this requirement, a government evaluates these considerations:","x","x","x"]
[null,null,"(a) Governments are not required to determine what the operating results would have been if relevant risk variables had been different. Instead, governments disclose the effect on operating results and remeasurement gains and losses, when necessary) assuming that a reasonably possible change in the relevant risk variable had occurred at the financial statement date and had been applied to the risk exposures in existence at that date. For example, if a government has a floating rate liability at the end of the year, a government would disclose the effect on interest expense for the current year if interest rates had varied by reasonably possible amounts."]
[null,null,"(b) Governments are not required to disclose the effect on operating results for the period for each change within a range of reasonably possible changes of the relevant risk variable. Disclosure of the effects of the changes at the limits of the reasonably possible range would be sufficient."]
[null,"PS 3450 .A69 ","In determining what a reasonably possible change in the relevant risk variable requires that consideration be given to the factors listed below:","x","x","x"]
[null,null,"(a) A government considers the economic environments in which it operates. A reasonably possible change does not involve remote or \"worst case\" scenarios or \"stress tests\". Moreover, if the rate of change in the underlying risk variable is stable, a government need not alter the chosen reasonably possible change in the risk variable. For example, assume that interest rates are five percent and a government determines that a fluctuation in interest rates of ±50 basis points is reasonably possible. It would disclose the effect on operating surplus or deficit for the period and net debt if interest rates were to change to 4.5 percent or 5.5 percent. In the next period, interest rates have increased to 5.5 percent. It continues to believe that interest rates may fluctuate by ±50 basis points (i.e., that the rate of change in interest rates is stable). A government would disclose the effect on operating surplus or deficit for the period and net debt if interest rates were to change to five percent or six percent. A government would not be required to revise its assessment that interest rates might reasonably fluctuate by ±50 basis points, unless there is evidence that interest rates have become significantly more volatile."]
[null,null,"(b) The time frame over which it is making the assessment. The sensitivity analysis would show the effects of changes that are considered to be reasonably possible over the period until a government will next present these disclosures, which is usually its next accounting period."]
[null,"PS 3450 .A70 ","Paragraph PS 3450.095 allows a government to use a sensitivity analysis that reflects interdependencies between risk variables, such as a value-at-risk methodology, if it uses this analysis to manage its exposure to financial risks. This applies even if such a methodology measures only the potential for loss and does not measure the potential for gain. A government might comply with paragraph PS 3450.095(a) by disclosing the type of value-at-risk model used (for example, whether the model relies on Monte Carlo simulations), an explanation about how the model works and the main assumptions (for example, the holding period and confidence level). Governments might also disclose the historical observation period and weightings applied to observations within that period, an explanation of how options are dealt with in the calculations, and which volatilities and correlations (or, alternatively, Monte Carlo probability distribution simulations) are used."]
[null,"PS 3450 .A74 ","A sensitivity analysis is disclosed for each currency to which a government has significant exposure."]
[null,"PS 3450 .A75 ","Other price risk arises on financial instruments because of changes in, for example, commodity prices or equity prices. To comply with paragraph PS 3450.094(a), a government might disclose the effect of a decrease in a specified stock market index, commodity price, or other risk variable. For example, if a government gives residual value guarantees that are financial instruments, a government discloses an increase or decrease in the value of the assets to which the guarantee applies."]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 4200","index":38,"n_rows":76,"n_cols":6,"rows_kept":76,"cut":false,"hidden":false,"merged":[[73,1,73,5],[74,1,74,5],[75,1,75,5],[0,4,0,5],[59,1,63,1],[1,1,1,5],[4,1,10,1],[23,1,27,1],[34,1,38,1],[39,1,43,1],[46,1,49,1],[51,1,56,1]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 4200 Financial statement presentation by not-for-profit organizations"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 4200 .04 ","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. [JAN. 2012]"]
[null,"PS 4200 .05 ","Financial statements for a not-for-profit organization normally include:","x","x","x"]
[null,null,"(a) a statement of financial position;"]
[null,null,"(b) a statement of operations;"]
[null,null,"(c) a statement of changes in net assets (note); and"]
[null,null,"(d) a statement of cash flows."]
[null,null,"These names are used for descriptive purposes only. Organizations may use whatever titles are appropriate in the circumstances as long as each financial statement provides the information necessary to meet the requirements of this and other Sections in a manner that results in the fair presentation in accordance with generally accepted accounting principles of the organization's financial position, results of operations and cash flows. The statement of changes in net assets may be combined with the statement of operations. Notes to financial statements and supporting schedules to which the financial statements are cross-referenced are an integral part of such statements."]
[null,null,"Note: FOREIGN CURRENCY TRANSLATION, Section PS 2601, and FINANCIAL INSTRUMENTS, Section PS 3450, may require an organization to present a statement of remeasurement gains and losses.","x","x","x"]
[null,"PS 4200 .06 ","An organization that uses fund accounting in its financial statements should provide a brief description of the purpose of each fund reported. [JAN. 2012]"]
[null,"PS 4200 .07 ","A description of the specific purpose of each fund reported provides useful information for understanding the organization's use of fund accounting. This description would include the extent to which the particular fund is used to report restricted resources and the types of expenses that are reported in the fund."]
[null,"PS 4200 .08 ","Each fund reported would be presented on a consistent basis from year to year. Particular revenues and expenses reported in a given fund would continue to be reported in that fund in future periods. Any change in the revenues and expenses reported in a particular fund would constitute a change in accounting policy, unless the change results from events or transactions that are clearly different from those previously occurring or from the recognition of events or transactions occurring for the first time (see ACCOUNTING CHANGES, Section PS 2120)."]
[null,"PS 4200 .09 ","Financial statements that are reported using fund accounting may follow the multi-column format whereby resources or similar groups of resources are each assigned a separate column. The multi-column format presents information about fund components together with certain totals for the organization as a whole, in accordance with this Section, to give a complete understanding of the total resources available to the organization."]
[null,"PS 4200 .10 ","Other formats may be used to report using fund accounting provided that financial information about the organization as a whole is presented in the organization's financial statements in accordance with this Section."]
[null,"PS 4200 .11 ","An organization may present its financial statements using different formats for the individual statements, as long as it does so in a way that satisfies the requirements of this Section. For example, a statement of operations and changes in net assets presented in the multi-column format may be accompanied by a statement of financial position that presents assets, liabilities and net assets in a single column without presenting each financial statement item by individual fund. The formats selected for individual statements would be based on the particular circumstances of the organization."]
[null,"PS 4200 .12 ","Interfund transfers should be presented in the statement of changes in net assets. [JAN. 2012]"]
[null,"PS 4200 .13 ","The amount and purpose of interfund transfers during the reporting period should be disclosed. [JAN. 2012]"]
[null,"PS 4200 .14 ","The amounts, terms and conditions of interfund loans outstanding at the reporting date should be disclosed. [JAN. 2012]"]
[null,"PS 4200 .16 ","Judgment would be exercised in determining the level of disclosure to provide for interfund transfers. For example, it may not be necessary to disclose individual transfers. It may be appropriate to aggregate and disclose as a single amount interfund transfers that are similar in nature."]
[null,"PS 4200 .17 ","When an organization presents its financial statements using a multi-column format, interfund loans and advances would be presented in individual funds and eliminated in the totals column of the statement of financial position. When using a single column approach, the only disclosure of interfund loans and amounts receivable would be made in notes to the financial statements."]
[null,"PS 4200 .18 ","For each financial statement item, the statement of financial position should present a total that includes all funds reported. [JAN. 2012]"]
[null,"PS 4200 .19 ","The statement of financial position should present the following:","x","x","x"]
[null,null,"(a) net assets subject to restrictions requiring that they be maintained permanently as endowments;"]
[null,null,"(b) other restricted net assets;"]
[null,null,"(c) unrestricted net assets; and"]
[null,null,"(d) total net assets. [JAN. 2012]"]
[null,"PS 4200 .20 ","The primary purpose of a statement of financial position is to present the organization's economic resources, obligations and net assets as at the reporting date. The statement of financial position, together with the other statements and the notes, provides useful information for assessing whether the organization will continue to be able to provide services, achieve its objectives and meet its obligations. This information is normally provided by grouping similar amounts not significant in themselves as financial statement items (for example, cash, capital assets, accounts payable, deferred contributions) and providing totals for all funds related to each of these financial statement items reported. The statement of financial position may also be referred to as the balance sheet."]
[null,"PS 4200 .21 ","Information about the organization's liquidity is presented by classifying current assets separately from non-current assets and current liabilities separately from non-current liabilities. Cash and other assets subject to external restrictions limiting their use to beyond one year from the date of the statement of financial position would be classified as non-current assets."]
[null,"PS 4200 .22 ","Net assets may also be referred to as fund balances or as accumulated surplus or deficit. Total net assets represents the organization's residual interest in its assets after deducting its liabilities. The net assets balance therefore provides information about the net resources the organization has available for carrying out its service delivery activities in the future. Restrictions on net assets may be externally or internally imposed. To fully understand the nature of the organization's net assets balance, financial statement users require information about the portions of net assets attributable to endowments, and to other external restrictions, none of which can readily be used for other purposes. Financial statement users also require information about the portions of net assets that are subject to internal restrictions."]
[null,"PS 4200 .24 ","Restrictions on resources may be external or internal. Externally restricted resources would be presented either as deferred contributions or as part of net assets, depending on the organization's policies for accounting for contributions. Externally restricted resources are not available for use at the organization's discretion. The existence of external restrictions can have a significant effect on the organization's financial flexibility and ability to provide certain services in the future. Therefore, it is important that users be made aware of the amounts of resources subject to external restrictions and of the nature of the restrictions."]
[null,"PS 4200 .24B "," Under the deferral method of accounting for contributions, one common type of internal restriction is to present net assets invested in capital assets as a component of net assets separately from the unrestricted net assets balance. Organizations that adopt this form of internal restriction consider that the internally restricted amount represents net assets that are not available for other purposes because they have been invested in capital assets. When an organization segregates the amount of net assets invested in capital assets, the organization may either present the amount as a component of net assets in the statement of financial position or disclose the amount in a note to the financial statements. Net assets invested in capital assets are generally presented as the unamortized portion of capital assets purchased with unrestricted resources, less related debt, plus the carrying amount, less related debt, of capital assets that will not be amortized. Under the restricted fund method, net assets (fund balances) invested in capital assets may also be internally restricted and generally represent the net book value of all capital assets, less related debt."]
[null,"PS 4200 .25 ","Specific requirements related to the disclosure of restrictions for organizations following the deferral method of accounting for contributions appear in paragraphs PS 4200.26-.27. Specific requirements for organizations following the restricted fund method appear in paragraphs PS 4200.28-.29. Organizations need not provide the disclosures set out below separately for each restriction. Judgment would be exercised in disclosing major categories of restrictions. In determining how to categorize restrictions, the organization would consider the intended use of the resources and the length of time that is likely to elapse before the restrictions are complied with."]
[null,"PS 4200 .26 ","Disclosure of restrictions—deferral method","x","x","x"]
[null,null,"The following should be disclosed:","x","x","x"]
[null,null,"(a) the amounts of deferred contributions attributable to each major category of external restrictions with a description of the restrictions;"]
[null,null,"(b) the amount of net assets subject to external restrictions requiring that they be maintained permanently as endowments; and"]
[null,null,"(c) the amount of net assets subject to internal restrictions and, separately, external restrictions other than those in (b) above. [JAN. 2012]"]
[null,"PS 4200 .28 ","Disclosure of restrictions—restricted fund method","x","x","x"]
[null,null,"The following should be disclosed:","x","x","x"]
[null,null,"(a) the amount of net assets (fund balances) subject to external restrictions requiring that they be maintained permanently as endowments;"]
[null,null,"(b) the amounts of net assets (fund balances) attributable to each major category of internal restrictions and, separately, external restrictions other than those in (a) above, with a description of the restrictions; and"]
[null,null,"(c) the amounts of deferred contributions attributable to each major category of external restrictions with a description of the restrictions. [JAN. 2012]"]
[null,"PS 4200 .30 ","The primary purpose of a statement of operations is to communicate information about changes in the organization's economic resources and obligations for the period. Specifically, this statement provides information about the cost of the organization's service delivery activities for the period and the extent to which these expenses were financed or funded by contributions and other revenue. The information provided in the statement of operations is useful in evaluating the organization's performance during the period, including its ability to continue to provide services, and in assessing how the organization's management has discharged its stewardship responsibilities. The statement of operations may also be referred to as the statement of revenues and expenses."]
[null,"PS 4200 .31 ","Not-for-profit organizations may classify expenses in the statement of operations by object (for example, salaries, rent, utilities), by function (for example, administrative, research, ancillary operations) or by program. Classification of expenses by function or program may be desirable when the organization operates several different programs or has different areas of interest. Classification of expenses by object can also be useful. An organization would classify its expenses in the manner that results in the most meaningful presentation in the circumstances. Whether the organization prepares its budgets by function or object would be a factor to consider in deciding which method of expense classification would be most appropriate for the organization's financial statements."]
[null,"PS 4200 .33 ","Statement of operations—deferral method","x","x","x"]
[null,null,"The statement of operations should present:","x","x","x"]
[null,null,"(a) for each financial statement item, a total that includes all funds reported; and"]
[null,null,"(b) total excess or deficiency of revenues and gains over expenses and losses for the period. [JAN. 2012]"]
[null,"PS 4200 .34 ","The statement of operations would present similar items of revenue and similar items of expense grouped together in meaningful categories as financial statement items. Under the deferral method of accounting for contributions, total excess of revenues over expenses for all funds reports the change in the organization's unrestricted resources in the period. When an organization following the deferral method reports using a method of fund accounting other than the restricted fund method, the total for all funds related to each financial statement item presented in the statement of operations would be reported together with the total excess of revenues over expenses for all funds."]
[null,"PS 4200 .35 ","Disclosure of restrictions—restricted fund method","x","x","x"]
[null,null,"The statement of operations should present the following for the period:","x","x","x"]
[null,null,"(a) the total for each financial statement item recognized in the general fund;"]
[null,null,"(b) the total for each financial statement item recognized in the restricted funds, other than the endowment fund;"]
[null,null,"(c) the total for each financial statement item recognized in the endowment fund; and"]
[null,null,"(d) excess or deficiency of revenues and gains over expenses and losses for each of the general fund, restricted funds other than the endowment fund and the endowment fund. [JAN. 2012]"]
[null,"PS 4200 .36 ","The statement of operations would present similar items of revenue and similar items of expense grouped together in meaningful categories as financial statement items. Under the restricted fund method of accounting for contributions, the general fund presents all revenues and expenses related to unrestricted resources. The total excess of revenues over expenses in the general fund reports the change in the organization's unrestricted resources in the period. The restricted funds present revenues and expenses related to restricted resources. Endowment contributions are presented in the endowment fund. In order to understand the impact of operations for the period on the organization's financial position, financial statement readers require information about operations related to each of the general fund, the restricted funds and the endowment fund. In addition, it may be desirable to present totals that include all the funds reported for each financial statement item in the statement of operation."]
[null,"PS 4200 .37 ","Revenues and expenses should be recognized and presented at their gross amounts when an organization is acting as a principal in transactions. [JAN. 2012]"]
[null,"PS 4200 .41 ","The statement of changes in net assets should present changes in the following for the period:","x","x","x"]
[null,null,"(a) net assets subject to restrictions requiring that they be maintained permanently as endowments;"]
[null,null,"(b) internally restricted net assets and, separately, externally restricted net assets other than those in (a);"]
[null,null,"(c) unrestricted net assets; and"]
[null,null,"(d) total net assets. [JAN. 2012]"]
[null,"PS 4200 .43 ","The statement of changes in net assets may be referred to as the statement of changes in fund balances when the organization uses fund accounting in its financial statements. Total net assets represents the organization's residual interest in its assets after deducting its liabilities. The net assets balance therefore provides information about the net resources the organization has available for carrying out its service delivery activities in the future. To fully understand the nature of the organization's financial activities in the period, financial statement users require information about changes in the portions of net assets attributable to endowments and to other external and internal restrictions as well as those revenues, expenses, gains and losses that have not been included in the statement of operations. The statement of changes in net assets provides this information and shows the extent to which the organization's operations and other revenues, expenses, gains and losses that have not been included in the statement of operations have resulted in an accumulation or depletion of net assets."]
[null,"PS 4200 .44 ","The statement of changes in net assets may be combined with the statement of operations."]
[null,"PS 4200 .46 ","The statement of cash flows should be prepared in accordance with FINANCIAL STATEMENT PRESENTATION, Section PS 1201. [JAN. 2012]"]
[null,"PS 4200 .52 "," Components of cash flows from financing activities would include cash contributed that is restricted for the purpose of acquiring capital assets and cash contributed for endowment."]
[null,"PS 4200 .53 ","An organization following the restricted fund method of accounting for contributions that presents its statement of cash flows using the indirect method, reconciles the excess of revenues over expenses for the general fund and any restricted funds of an operating nature to cash flows from operations."]
[null,null,"Note: Appendix A presents illustrative examples. Please note that they are not intended to indicate preferred formats nor to prescribe standardized note disclosure.","x","x","x"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 4210","index":39,"n_rows":49,"n_cols":6,"rows_kept":49,"cut":false,"hidden":false,"merged":[[46,1,46,5],[47,1,47,5],[48,1,48,5],[0,4,0,5],[32,1,33,1],[34,1,40,1],[41,1,42,1],[1,1,1,5],[5,1,7,1],[13,1,14,1],[15,1,16,1],[18,1,23,1],[28,1,29,1],[30,1,31,1]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 4210 Contributions—Revenue Recognition"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 4210 .11 ","A unique characteristic of contributions is that they are often subject to externally imposed restrictions that specify how the resources contributed are to be used or, in some cases, that they be maintained permanently. Not-for-profit organizations have three types of contributions to report: endowment contributions, restricted contributions and unrestricted contributions. To show the extent to which the organization has been able to obtain resources to cover the expenses associated with service delivery for the period, it is necessary to report in a way that distinguishes the different types of contributions. This reporting is achieved by following either the deferral method or the restricted fund method of accounting for contributions."]
[null,"PS 4210 .14 ","The restricted fund method is a specialized use of fund accounting in which the organization presents total general funds and at least one restricted fund. Most restricted contributions and endowment contributions are reported separately from unrestricted resources by using restricted funds and an endowment fund. Contributions for which externally imposed restrictions remain unfulfilled, as well as endowment contributions, are presented in the appropriate fund balance."]
[null,"PS 4210 .21 ","An organization should disclose:","x","x","x"]
[null,null,"(a) the policy followed in accounting for endowment contributions; and"]
[null,null,"(b) the policies followed in accounting for restricted contributions. [JAN. 2012]"]
[null,"PS 4210 .22 ","An organization should disclose its contributions by major source. [JAN. 2012]"]
[null,"PS 4210 .23 ","An organization should disclose the policy followed in accounting for contributed materials and services. [JAN. 2012]"]
[null,"PS 4210 .24 ","An organization should disclose the nature and amount of contributed materials and services recognized in the financial statements. [JAN. 2012]"]
[null,"PS 4210 .25 ","Organizations will report contributions differently depending on whether they follow the deferral method or the restricted fund method. An organization would disclose its policies for accounting for each different type of contribution."]
[null,"PS 4210 .26 ","Information about the sources of contributions will help financial statement users to assess the organization's economic relationship with other entities and to predict its ability to generate future cash flows. This information would be disclosed for each source of significant contributions to the organization. The sources would be grouped by major categories, such as different levels of government, foundations, corporate contributors, individuals and other not-for-profit organizations. It may be desirable to name individual entities providing significant levels of support unless there is reason for them to remain anonymous."]
[null,"PS 4210 .52 ","Deferral method","x","x","x"]
[null,null,"Deferred contributions balances should be presented in the statement of financial position outside net assets. [JAN. 2012]"]
[null,"PS 4210 .53 ","Deferral method","x","x","x"]
[null,null,"An organization should disclose the nature and amount of changes in deferred contributions balances for the period. [JAN. 2012]"]
[null,"PS 4210 .54 ","The deferral method of reporting contributions is an alternative to the restricted fund method. Disclosure of changes in deferred contributions balances permits comparisons between organizations that follow the deferral method and those that follow the restricted fund method. Increases in deferred contributions balances normally result from the receipt of restricted contributions for which the related expenses will not be recognized until a later period. Decreases normally result from the recognition in revenue of previously deferred contributions. It may be desirable to present the changes in deferred contributions balances as a separate statement."]
[null,"PS 4210 .55 ","Deferral method","x","x","x"]
[null,null,"An organization should disclose the following related to net investment income earned on resources held for endowment:","x","x","x"]
[null,null,"(a) the amounts recognized in the statement of operations in the period;"]
[null,null,"(b) the amounts deferred in the period;"]
[null,null,"(c) the amounts recognized as direct increases or decreases in net assets in the period; and"]
[null,null,"(d) the total earned in the period. [JAN. 2012]"]
[null,"PS 4210 .56 ","Net investment income earned on resources held for endowment is in effect a contribution and would be reported based on the nature of any related externally imposed restrictions (see paragraphs PS 4210.49-.51). As a result, some portions of net investment income earned in the period may be recognized immediately as revenue, while other portions may be deferred or reported as direct increases in net assets. Disclosure of total net investment income will allow financial statement readers to assess the performance of investments held for endowment. This disclosure would be presented in a way that shows which portions of total net investment income appear in the financial statements as revenue, deferred contributions and direct increases in net assets. Similar disclosure may be useful for other externally restricted net investment income."]
[null,"PS 4210 .57 ","The restricted fund method is a specialized use of fund accounting. Organizations using fund accounting in ways that do not meet the definition of the restricted fund method would follow the deferral method in accordance with paragraphs PS 4210.28-.56. When an organization follows the restricted fund method, it presents a single general fund, or the total of all general funds, and one or more restricted funds. The purpose of a restricted fund is to record the receipt and use of resources that are subject to restrictions. An organization following the restricted fund method would also present a separate endowment fund if it receives endowment contributions. All revenue reported in a restricted fund is externally restricted. Resources transferred to a restricted or endowment fund as a result of the organization imposing internal restrictions would be recognized as interfund transfers in accordance with the general requirements on fund accounting presented in FINANCIAL STATEMENT PRESENTATION BY NOT-FOR PROFIT ORGANIZATIONS, paragraphs PS 4200.06-.17."]
[null,"PS 4210 .58 ","The restricted fund method requires that a general fund be used to report changes in unrestricted net assets. Organizations may choose to report more than one general fund as long as a total for all general funds is presented. Restricted contributions would be recognized in the general fund using the deferral method when an appropriate restricted fund does not exist. The excess or deficiency of revenues over expenses in the general fund represents the change in net assets that are not restricted to cover future periods' expenses."]
[null,"PS 4210 .59 ","An organization following the restricted fund method of accounting for contributions would choose which restricted funds to report. Because of this choice, two organizations following the restricted fund method may each report similar kinds of restricted contributions differently. For example, one organization may present contributions restricted for research in a separate restricted research fund. Another organization may not report a separate research fund. In this case, contributions that are restricted for research purposes would be reported in the general fund using the deferral method. What is important is that all similar contributions recognized by the organization be treated in a consistent manner."]
[null,"PS 4210 .73 ","Restricted fund method","x","x","x"]
[null,null,"When restricted contributions are recognized in the general fund in accordance with paragraph PS 4210.65, any deferred contributions balances should be presented in the statement of financial position outside net assets. [JAN. 2012]"]
[null,"PS 4210 .74 ","Restricted fund method"]
[null,null,"When restricted contributions are recognized in the general fund in accordance with paragraph PS 4210.65, the nature and amount of changes in deferred contributions balances for the period should be disclosed. [JAN. 2012]"]
[null,"PS 4210 .75 ","Restricted fund method","x","x","x"]
[null,null,"Deferred contributions may be recognized in the general fund related to restricted contributions for which no corresponding restricted fund is reported. Increases in deferred contributions balances normally result from the receipt of restricted contributions for which the related expenses will not be recognized until a later period. Decreases normally result from the recognition in revenue of previously deferred contributions. It may be desirable to present the changes in deferred contributions balances as a separate statement."]
[null,"PS 4210 .76 ","Restricted fund method","x","x","x"]
[null,null,"An organization should disclose the following related to net investment income earned on resources held for endowment:","x","x","x"]
[null,null,"(a) the amounts recognized in the general fund in the period;"]
[null,null,"(b) the amounts recognized in each restricted fund in the period;"]
[null,null,"(c) the amounts recognized in the endowment fund in the period;"]
[null,null,"(d) any amounts deferred in the period; and"]
[null,null,"(e) the total earned in the period. [JAN. 2012]"]
[null,"PS 4210 .77 ","Restricted fund method","x","x","x"]
[null,null,"Net investment income earned on resources held for endowment is to be reported based on the nature of any associated restrictions (see paragraphs PS 4210.70-.72). As a result, some portions of net investment income earned in the period may be reported in the general fund while other portions would be reported in the appropriate restricted fund or in the endowment fund. Disclosure of total net investment income will allow financial statement readers to assess the performance of investments held for endowment. This disclosure would be presented in a way that shows which portions of total net investment income appear in the general, restricted and endowment funds. Similar disclosure may be useful for other externally restricted net investment income."]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 4220","index":40,"n_rows":12,"n_cols":6,"rows_kept":12,"cut":false,"hidden":false,"merged":[[11,1,11,5],[3,1,5,1],[1,1,1,5],[0,4,0,5],[9,1,9,5],[10,1,10,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 4220 Contributions Receivable"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 4220 .08 ","When a not-for-profit organization has recognized outstanding pledges and bequests in its financial statements, the following should be disclosed:","x","x","x"]
[null,null,"(a) the amount recognized as assets at the reporting date; and"]
[null,null,"(b) the amount recognized as revenue in the period. [JAN. 2012]"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 4230","index":41,"n_rows":23,"n_cols":6,"rows_kept":23,"cut":false,"hidden":false,"merged":[[0,4,0,5],[20,1,20,5],[21,1,21,5],[22,1,22,5],[3,1,6,1],[13,1,16,1],[1,1,1,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 4230 Capital Assets Held by Not-for-Profit Organizations"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 4230 .31 ","For each major category of capital assets there should be disclosure of:","x","x","x"]
[null,null,"(a) cost;"]
[null,null,"(b) accumulated amortization, including the amount of any write-downs; and"]
[null,null,"(c) the amortization method used, including the amortization period or rate. [JAN. 2012]"]
[null,"PS 4230 .32 ","The net carrying amounts of major categories of capital assets not being amortized should be disclosed. [JAN. 2012]"]
[null,"PS 4230 .33 ","The amount of amortization of capital assets recognized as an expense for the period should be disclosed. [JAN. 2012]"]
[null,"PS 4230 .34 ","The amount of any write-downs of capital assets should be disclosed in the financial statements for the period in which the write-downs are made. [JAN. 2012]"]
[null,"PS 4230 .37 ","The nature and amount of contributed capital assets received in the period and recognized in the financial statements should be disclosed. [JAN. 2012]"]
[null,"PS 4230 .38 ","Information should be disclosed about contributed capital assets recognized at nominal value. [JAN. 2012]"]
[null,"PS 4230 .39 ","A contributed capital asset is recognized at nominal value in the financial statements of a not-for-profit organization when its fair value at the date of contribution cannot be reasonably determined. Information about such capital assets helps provide an understanding of the organization's economic resources. This information would likely include any details about the assets that would affect their usefulness to the organization: their ages, locations, present or potential uses and estimated remaining useful lives."]
[null,"PS 4230 .40 ","Organizations meeting the criterion in paragraph PS 4230.03 and not following the other requirements of this Section should disclose the following:","x","x","x"]
[null,null,"(a) the policy followed in accounting for capital assets;"]
[null,null,"(b) information about major categories of capital assets not recorded in the statement of financial position, including a description of the assets; and"]
[null,null,"(c) if capital assets are expensed when acquired, the amount expensed in the current period. [JAN. 2012]"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 4240","index":42,"n_rows":19,"n_cols":6,"rows_kept":19,"cut":false,"hidden":false,"merged":[[18,1,18,5],[3,1,8,1],[1,1,1,5],[0,4,0,5],[16,1,16,5],[17,1,17,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 4240 Collections Held by Not-for-Profit Organizations"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 4240 .07 ","A not-for-profit organization should disclose the following:","x","x","x"]
[null,null,"(a) a description of its collection;"]
[null,null,"(b) the accounting policies followed with respect to the collection;"]
[null,null,"(c) details of any significant changes to the collection in the period;"]
[null,null,"(d) the amount of expenditures on collection items in the period; and"]
[null,null,"(e) proceeds of any sales of collection items in the period and how the proceeds were used. [JAN. 2012]"]
[null,"PS 4240 .08 ","A description of the organization's collection may include the number and nature of items held or on display, including their relative significance. For large, diverse collections, such disclosure may take the form of a description by major categories, rather than by individual items."]
[null,"PS 4240 .09 ","Accounting policies related to collections may vary from organization to organization. Disclosure of the organization's accounting policies with respect to collections would include whether or not the collection is recognized in the statement of financial position and, if so, at what value. This disclosure would also state how contributed and purchased collection items are accounted for."]
[null,"PS 4240 .10 ","Changes in the collection resulting from acquisitions and disposals would also be disclosed. The disclosure would include a description of significant items acquired during the period and, where known, the fair values of contributed items. Also, the disclosure would include a description of significant items sold, given away, damaged, destroyed, lost or otherwise disposed of during the period. For larger collections with many changes to report, the disclosure may be provided by major category, rather than by individual item."]
[null,"PS 4240 .11 ","According to the definition of collections, proceeds from the sale of collection items would be used either to acquire new items for the collection or for the direct care of the collection. In accordance with paragraph PS 4240.07, the organization would disclose how any proceeds on the sale of collection items were used. If not all of the proceeds on sales have been used either to acquire new items for the collection or for the direct care of the collection by the reporting date, the organization would disclose how it plans to use the proceeds."]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 4250","index":43,"n_rows":51,"n_cols":6,"rows_kept":51,"cut":false,"hidden":false,"merged":[[48,1,48,5],[49,1,49,5],[50,1,50,5],[0,4,0,5],[29,1,31,1],[32,1,35,1],[36,1,39,1],[41,1,43,1],[1,1,1,5],[3,1,6,1],[7,1,11,1],[15,1,19,1],[20,1,22,1],[23,1,25,1],[26,1,28,1]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 4250 Reporting Controlled and Related Entities by Not-for-Profit Organizations"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 4250 .14 ","An organization should report each controlled not-for-profit organization in one of the following ways:","x","x","x"]
[null,null,"(a) by consolidating the controlled organization in its financial statements;"]
[null,null,"(b) by providing the disclosure set out in paragraph PS 4250.22; or"]
[null,null,"(c) if the controlled organization is one of a large number of individually immaterial organizations, by providing the disclosure set out in paragraph PS 4250.26. [JAN. 2012]"]
[null,"PS 4250 .15 ","For a controlled not-for-profit organization, regardless of whether or not it is consolidated, the following should be disclosed:","x","x","x"]
[null,null,"(a) the policy followed in reporting the controlled organization;"]
[null,null,"(b) a description of the relationship with the controlled organization;"]
[null,null,"(c) a clear and concise description of the controlled organization's purpose, its intended community of service, its status under income tax legislation and its legal form; and"]
[null,null,"(d) the nature and extent of any economic interest that the reporting organization has in the controlled organization. [JAN. 2012]"]
[null,"PS 4250 .16 ","Controlled organizations can have a significant impact on the resources and operations of the reporting organization. Therefore, financial statement users need information about the relationship with each controlled organization and its significance to the reporting organization. This information is provided by presenting consolidated financial statements to include controlled organizations or by disclosing information about controlled organizations. Similar controlled organizations may be grouped together for disclosure purposes."]
[null,"PS 4250 .18 ","An organization may follow different policies for reporting different controlled organizations. For example, one group of controlled organizations may be consolidated in the financial statements, while another group is disclosed in accordance with either part (b) or part (c) of paragraph PS 4250.14. Similar types of controlled organizations would be reported in the same manner. The organization's policy for reporting each controlled organization or group of controlled organizations would be disclosed."]
[null,"PS 4250 .20 ","The resources of controlled organizations may be subject to restrictions on their use. Information about major categories of restrictions on resources would be provided for all the organizations included in consolidated financial statements in accordance with FINANCIAL STATEMENT PRESENTATION BY NOT-FOR-PROFIT ORGANIZATIONS, Section PS 4200. Depending on the significance of controlled organizations to the reporting organization, broader categories of restrictions on controlled organizations' resources may be disclosed in the reporting organization's financial statements than in the controlled organizations' own financial statements. Information about external restrictions that require resources to flow to the reporting organization and external restrictions that preclude the transfer of resources to the reporting organization would be disclosed."]
[null,"PS 4250 .22 ","For each controlled not-for-profit organization or group of similar controlled organizations not consolidated in the reporting organization's financial statements, the following should be disclosed, unless the group of controlled organizations is comprised of a large number of individually immaterial organizations (see paragraph PS 4250.26):","x","x","x"]
[null,null,"(a) total assets, liabilities and net assets at the reporting date;"]
[null,null,"(b) revenues (including gains), expenses (including losses) and cash flows from operating, financing and investing activities reported in the period;"]
[null,null,"(c) details of any restrictions, by major category, on the resources of the controlled organizations; and"]
[null,null,"(d) significant differences in accounting policies from those followed by the reporting organization. [JAN. 2012]"]
[null,"PS 4250 .26 ","An organization may exclude a group of controlled organizations from both consolidation and the disclosure set out in paragraph PS 4250.22, provided that:","x","x","x"]
[null,null,"(a) the group of organizations is comprised of a large number of organizations that are individually immaterial; and"]
[null,null,"(b) the reporting organization discloses the reasons why the controlled organizations have been neither consolidated nor included in the disclosure set out in paragraph PS 4250.22. [JAN. 2012]"]
[null,"PS 4250 .31 ","For a controlled profit-oriented enterprise, regardless of whether it is consolidated or accounted for using the modified equity method, the following should be disclosed:","x","x","x"]
[null,null,"(a) the policy followed in reporting the controlled enterprise; and"]
[null,null,"(b) a description of the relationship with the controlled enterprise. [JAN. 2012]"]
[null,"PS 4250 .32 ","For each controlled profit-oriented enterprise or group of similar controlled enterprises accounted for using the modified equity method, the following should be disclosed:","x","x","x"]
[null,null,"(a) total assets, liabilities and shareholders' equity at the reporting date; and"]
[null,null,"(b) revenues (including gains), expenses (including losses), net income and cash flows from operating, financing and investing activities reported in the period. [JAN. 2012]"]
[null,"PS 4250 .37 ","For an interest in a joint venture, regardless of whether it is reported using the proportionate consolidation or the modified equity method, the following should be disclosed:","x","x","x"]
[null,null,"(a) the policy followed in reporting the interest; and"]
[null,null,"(b) a description of the relationship with the joint venture. [JAN. 2012]"]
[null,"PS 4250 .38 ","For each interest in a joint venture, or group of similar interests, accounted for using the modified equity method, the following should be disclosed:"]
[null,null,"(a) the reporting organization's share of the joint venture's total assets, liabilities and net assets, or shareholders' equity, at the reporting date;"]
[null,null,"(b) the reporting organization's share of the joint venture's revenues (including gains), expenses (including losses), and cash flows from operating, financing and investing activities reported in the period; and"]
[null,null,"(c) significant differences in accounting policies from those followed by the reporting organization. [JAN. 2012]"]
[null,"PS 4250 .40 ","When the reporting organization has significant influence in another not-for-profit organization, the following should be disclosed:","x","x","x"]
[null,null,"(a) a description of the relationship with the significantly influenced organization;"]
[null,null,"(b) a clear and concise description of the significantly influenced organization's purpose, its intended community of service, its status under income tax legislation and its legal form; and"]
[null,null,"(c) the nature and extent of any economic interest that the reporting organization has in the significantly influenced organization. [JAN. 2012]"]
[null,"PS 4250 .45 ","When an organization has an economic interest in another not-for-profit organization over which it does not have control or significant influence, the nature and extent of this interest should be disclosed. [JAN. 2012]"]
[null,"PS 4250 .47 ","When the fiscal periods of the reporting organization and the other entity do not substantially coincide, the financial information required to be disclosed in accordance with paragraph PS 4250.22, PS 4250.32 and PS 4250.38 should be as at the other entity's most recent reporting date and the following should be disclosed:","x","x","x"]
[null,null,"(a) the reporting period covered by the financial information; and"]
[null,null,"(b) the details of any events or transactions in the intervening period that are significant to the reporting organization's financial position or results of operations. [JAN. 2012]"]
[null,null,"Note: Appendix B of PS 4250 presents examples illustrating how the accounting treatment specified in this Section might be applied in particular situations.","x","x","x"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PS 4270","index":44,"n_rows":11,"n_cols":6,"rows_kept":11,"cut":false,"hidden":false,"merged":[[1,1,1,5],[0,4,0,5],[8,1,8,5],[9,1,9,5],[10,1,10,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PS 4270 Disclosure of Allocated Expenses by Not-for-Profit Organizations"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PS 4270 .08 ","When allocations of fundraising and general support expenses have been made to other functions, the accounting policy disclosure should explain the policies adopted for the allocation of expenses among functions, the nature of the expenses being allocated and the basis on which such allocations have been made. In addition, the amounts allocated from each of these two functions, and the amounts and the functions to which they have been allocated, should be disclosed. [JAN. 2012]"]
[null,null,"Note: Appendix B of PS 4270 presents examples illustrating how the accounting treatment specified in this Section might be applied in particular situations.","x","x","x"]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PSG-2","index":45,"n_rows":22,"n_cols":6,"rows_kept":22,"cut":false,"hidden":false,"merged":[[21,1,21,5],[0,4,0,5],[1,1,1,5],[4,1,8,1],[9,1,14,1],[19,1,19,5],[20,1,20,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PSG-2 Leased Tangible Capital Assets"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PSG-2 .23","A government should report its leased tangible capital assets in accordance with FINANCIAL STATEMENT PRESENTATION, Section PS 1201."]
[null,"PSG-2 .24","The following information should be disclosed with respect to a government's leased tangible capital assets:","x","x","x"]
[null,null,"(a) The gross amount of leased tangible capital assets and related accumulated amortization should be disclosed. Disclosure of leased tangible capital assets and accumulated amortization by major category (for example, land, buildings, machinery) may be desirable."]
[null,null,"(b) Liabilities related to leased tangible capital assets should be shown separately from other liabilities. Particulars of liabilities related to leased tangible capital assets, including interest rates and expiry dates, should be shown separately from other long-term liabilities. Significant conditions of the lease agreement should be disclosed, including future contractual obligations, purchase options, terms of renewal and contingent liabilities, and circumstances that require or result in the government's continuing involvement in the contractual arrangement."]
[null,null,"(c) The amount of amortization of leased tangible capital assets included in the determination of operating results should be disclosed separately or as part of amortization expense for tangible capital assets. Disclosure should also be made of methods and rates of amortization."]
[null,null,"(d) Interest expense related to lease liabilities should be disclosed separately, or as part of interest on long-term debt."]
[null,"PSG-2 .27","Disclosure of contractual obligations and contingent liabilities related to a government's leased tangible capital assets would include the following:","x","x","x"]
[null,null,"(a) The nature and basis of determination of contingent rentals."]
[null,null,"(b) The amount of contingent rentals included in the determination of operating results."]
[null,null,"(c) The nature of any renewal options, purchase options or escalation clauses."]
[null,null,"(d) The commitment represented by the future minimum lease payments in aggregate and for each of the five succeeding years. A separate deduction should be made from the aggregate figure for amounts included in the minimum lease payments representing executory costs and imputed interest. The resultant net amount would be the balance of the unpaid liability."]
[null,null,"(e) Any other contractual obligations and contingent liabilities related to leased tangible capital assets."]
[]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]

{"sheet":"PSG-5","index":46,"n_rows":13,"n_cols":6,"rows_kept":13,"cut":false,"hidden":false,"merged":[[0,4,0,5],[1,1,1,5],[10,1,10,5],[11,1,11,5],[12,1,12,5]]}
[null,"Index",null,null,"PROTECTED A (when completed)"]
[null,"PSG-5 Sale-leaseback Transactions"]
[null,"Standard Reference","Requirement","Results\nYes1/No2/NA3","F/S Reference","Comments"]
[null,"PSG-5 .52","Sale-leaseback transactions can be a significant means of financing and can include significant obligations. Accordingly, separate disclosure of information about such transactions is useful in identifying the costs and risks associated with such transactions, as well as their effect on the future revenue requirements of government."]
[null,"PSG-5 .53","In addition to the disclosure requirements of LEASED TANGIBLE CAPITAL ASSETS, PSG-2, gains (both holding and economic) and economic losses that are material, either individually or in the aggregate, should be disclosed. A description should be provided of individually material sale-leaseback transactions."]
[null,"PSG-5 .54","When the leased back property constitutes an LTCA, the transaction should be recorded as a financing transaction in the statement of cash flow."]
[]
[]
[]
[]
[null,"1 Yes—A response of yes indicates that this presentation or disclosure requirement has been complied with in the entity’s financial statements."]
[null,"2 No—A response of no indicates that the presentation or disclosure requirement has not been met."]
[null,"3 N/A—A response of N/A indicates that the requirement does not apply since, for example, the entity does not enter into relevant transactions or circumstances that are being addressed by the requirement."]