Tangible, but transitional
Article Abstract:
The new accounting standards issued by the Public Sector Accounting and Auditing Board (PSAAB) for evaluating tangible capital assets offer numerous benefits to federal, provincial and territorial government applications. Aside from providing substantial information on stewardship, accountability, security and insurance, they are also effective decision-making tools for resource allocation, taxation and budget allocation. Contrary to private sector reporting, the approach has been designed to meet the varying needs of end users. These guidelines take into account various elements including statement of financial positions, operating statements accounts and others.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
A need for uniformity
Article Abstract:
The CICA Accounting Standards Board and the International Accounting Standards Committee have recognized the need for standards regarding liabilities and assets and are taking steps to formulate such standards. Accounting principles were primarily intended for the manufacturing industry but current requirement render accounting standards in great need for reevaluation.
Publication Name: CA Magazine
Subject: Business
ISSN: 0317-6878
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Jaro International. Ready for take off. Tough action needed at BA
- Abstracts: Taking an international perspective. Continental shift. Ease yourself gently into the stock market
- Abstracts: All positive on Granada. Cooking TV dinners. Television Corporation: worth viewing
- Abstracts: Post-announcement drift and income smoothing: Finnish evidence. Investment analyst recommendations: a test of 'the announcement effect' and 'the valuable information effect.'
- Abstracts: Lift the tax burden. Widening the net. Benefiting beneficiaries