Government assistance

Article Abstract:

The Public Sector Accounting and Auditing Board (PSAAB) of Canada modified the introduction in the PSAA Handbook in 1997. The revisions were made to facilitate the preparation of financial statements by the public sector, particularly organizations that receive adequate financial resources from the government. The new section of the PSAA Handbook mandates that government business enterprises and organizations should base their accounting and auditing principles on the Canadian Institute of Chartered Accountants (CICA) Handbook Section 3800.

Government business enterprises, Public enterprises, Public sector

---

Waste not

Article Abstract:

Local governments should record and indicate the costs of maintaining environmental protection systems in landfills while in operation and the costs of closing and checking a landfill site, as liabilities. This will help in government fiscal planning and ensure that decision-makers are aware of the financial impact of landfill sites. The Public Sector Accounting and Auditing Board of the Canadian Institute of Chartered Accountants provides rules on how to account for these costs.

Sanitary landfills, Cost accounting, Fills (Earthwork)

---

CICA Accounting Standards Board proposed accounting recommendations

Article Abstract:

An exposure draft of proposed accounting standards is presented by the Accounting Standards Board of the Canadian Institute of Chartered Accountants. These include issues on current income tax assets and liabilities, future income tax assets and liabilities, intraperiod allocation, income tax expense, refundable taxes, alternative minimum tax, taxes related to distributions, and regulated enterprises and contractual arrangements.

Public Finance Activities, Corporate Income Taxes, Accounting, Income tax

Similar abstracts:

• Abstracts: Global reporting standards: The Esperanto of accounting. In the round. Bring back Prudence
• Abstracts: Understanding FRS 3. Half-time results on the scoreboard: the Accounting Standards Board tackles the reporting of interim results
• Abstracts: Venture capitalists, unquoted equity investment appraisal and the role of accounting information
• Abstracts: Accounting issues. Final regs. explain rules governing partnership contributions and distributions. Coping with the troublesome anti-abuse rules of the final mixing bowl regs
• Abstracts: Interactions between marketing and quality at the SBU level: influences and outcomes. Customer satisfaction measurement and management: a processual analysis

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.