Skip to main content

Public Sector Accounting Standards

Revenue

Summary

Revenue recognition principles that apply to revenues of governments and government organizations other than government transfers and tax revenue require development.

Staff Contact(s)

Sandra Waterson, CPA, CA Principal, Public Sector Accounting Board

Meeting & event summaries


December 15, 2016 PSAB Decision Summary – December 15-16, 2016

PSAB approved an Exposure Draft, “Revenue,” subject to drafting changes and a written ballot in early 2017.

September 26, 2016 PSAB Decision Summary – September 26-27, 2016

PSAB considered key principles related to developing an exposure draft and provided feedback to the task force. PSAB expects to review an exposure draft at its December 2016 meeting.

March 23, 2016 PSAB Decision Summary – March 23-24, 2016

PSAB received an update on the project, including consideration of the recognition of revenue arising from licences and permits and provided feedback to the task force.

News


November 15, 2018 Resource
Podcast – PSAB’s New Standard on Revenue

Hear Mike St. Amant, Member of PSAB’s Revenues Task Force, give a plain and simple overview of this new standard via an easy-to-understand podcast. Section PS 3400 becomes effective on or after April 1, 2022.

May 1, 2017 News
PSAB Exposure Draft – Revenue, Proposed Section PS 3400

May 1, 2017. PSAB has issued an Exposure Draft that proposes a framework describing two categories of revenue – exchange and unilateral. Stakeholders are encouraged to submit their comments, on the form provided, by August 15, 2017.

April 5, 2017 Resource, Webinar
Webinar – Explore PSAB’s Exposure Draft on Revenue

Tune in to this webinar on June 26, 2017 (English) or June 27, 2017 (French) to learn about PSAB’s new Exposure Draft on revenue. We outline proposals regarding recognition, measurement, and disclosure of revenue.

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.