Public Sector Accounting Standards

Impairment of Non-Financial Assets

Summary

Currently, there is a lack of Canadian guidance on the impairment of non-financial assets that have service potential.

Staff Contact(s)

Michael Puskaric, MBA, CPA, CMA

Director, Public Sector Accounting Board

Meeting & event summaries


June 26, 2012

PSAB Decision Summary – June 26-27, 2012

PSAB approved a project proposal. The project will focus on addressing the impairment of tangible capital assets that provide service benefits. Deferred maintenance issues will also be considered. The project will define impairment, and provide guidance on assessment, recognition, measurement and disclosure of impairment losses.

News


Disclaimer

This project summary has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on this project, which may change after further Board deliberations. Decisions to publish Handbook material are final only after a formal ballot process.