For the latest Public Sector Accounting Board (PSAB) and Discussion Group (PSADG) meeting highlights, read the PSA Minute newsletter.
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In this edition of the PSA Minute, Bailey Church and Maria Khoushnood will share an update from the Public Sector Accounting Discussion Group’s November 2020 session and new developments coming out of the Board’s December 2020 session. As we kick-off 2021, Bailey and Maria touch on some key points to consider to help shape your finance priorities.
In this edition, Bailey Church shares a brief update on what has been happening in the standard-setting world, and summarizes some of the COVID-19 accounting matters you should be thinking about.
Highlights include updates on reporting needs of the Government Not-for-Profit Organization sector, user fees versus taxes, standards for Public Sector entities, and more.
Accounting treatment of cryptocurrencies, accounting for the purchase of intangibles, and more.
Challenges in accounting for Government Business Enterprises faced by Indigenous governments, accounting issues for green infrastructure, Government Not-for-Profit Consultation Paper release, and more.
Approval of the Invitation to Comment, “Employment Benefits: Non-traditional Pension Plans”, Financial Instruments project for narrow-scope amendments, update from the Task Force Chair on Public Private Partnerships, and more.
Release of the Asset Retirement Obligation section and the new Revenues section. The PSADG covered a number of topics earlier in June, including a Consultation Paper and two Statements of Principles issued for comment by the PSAB, and more.
Approval of the final Handbook Section PS 3280, Asset Retirement Obligations, update on the Employee Future Benefits project and discussed the scope of the Invitation to Comment on non-traditional plans, and more.
Key topics coming out of the December PSAB meeting and an overview of the Employee Benefits Discount Rates Invitation to Comment, and more.
Compliance-type Audit Reports – Implications for Public Sector GAAP, green infrastructure, Restructuring Transactions – Recipient Adjustments, and more.
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