Public Sector Accounting Standards

Plain Language Resources

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December 14, 2018

Resource

In Brief – Asset Retirement Obligations and Liability for Contaminated Sites — determining which standard should be applied

PSAB’s new standard on Asset Retirement Obligations, Section PS 3280, was issued in August 2018. Read this plain and simple overview explaining the differences between Section PS 3280 and Section PS 3260, and when to apply each standard.

December 13, 2018

Resource

Article – Principles-based Approach to Accounting for Non-traditional Pension Plans

Many public sector pension plans involve employers sharing risks with their employees and/or other employers. Read this article to learn how potential accounting guidance reflecting the risk assumed by employers could have a significant impact on their financial positions.

December 13, 2018

Resource

Article – Principles-based Approach to Accounting for Non-traditional Pension Plans

Many public sector pension plans involve employers sharing risks with their employees and/or other employers. Read this article to learn how potential accounting guidance reflecting the risk assumed by employers could have a significant impact on their financial positions.

November 19, 2018

Resource, News

Article – The Evolution of Public Sector Pension Plans and Its Accounting Implications

Public sector pension plans have evolved substantially in the past decade. New plan features and arrangements have been introduced to address plan sustainability. Read this article to learn about why an update to the accounting standard may be needed.

November 19, 2018

Resource

In Brief – How Asset Retirement Obligations, Section PS 3280 applies to asset retirement obligations associated with landfills

PSAB’s new standard on Asset Retirement Obligations was issued in August 2018. Read this plain and simple overview of how Section PS 3280 applies to asset retirement obligations associated with solid waste landfills.

November 19, 2018

Resource, News

Article – The Evolution of Public Sector Pension Plans and Its Accounting Implications

Public sector pension plans have evolved substantially in the past decade. New plan features and arrangements have been introduced to address plan sustainability. Read this article to learn about why an update to the accounting standard may be needed.

November 15, 2018

Resource

In Brief – PSAB’s New Standard on Revenue

Get a plain and simple overview of the recently approved new standard, Revenue, Section PS 3400, issued in the PSA Handbook on November 1. It’s effective April 1, 2022 with early adoption permitted.

November 15, 2018

Resource

In Brief – New Revenue Standard’s Impact on Local Governments

Get a plain and simple overview of how PSAB’s new standard on Revenue impacts local governments. Revenue, Section PS 3400, issued in the PSA Handbook on November 1. It’s effective April 1, 2022 with early adoption permitted.

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.

November 15, 2018

Basis for Conclusions

Basis for Conclusions ─ Revenue

This document sets out how the Board reached its conclusions and includes discussion of significant matters arising from comments received and issues raised in response to its proposals exposed.