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2001-02 Summary Accrual Accounting Requirements for All Departments - Annex B

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Department's name _____________ Department's number__________

Accrual Accounting Policies to be implemented Status as at April 1st 2001 Mandatory? Opening balance required as at April 1st 2001? Comments and notes
Accounts receivable
(external and internal)
Mandatory Y  
Allowance for bad debts Mandatory Y  
Loans for Unconditionally repayable contributions and their allowance for bad debt
(Per TBAS 3.2)
Mandatory Y  
Other Loans, investments, and advances (including advances to employees) Mandatory Y  
Allowances for loans, investments and advances No N See note 1
Prepaid expenses Mandatory Y  
Inventories In 2002-03 N See note 2
Capital assets (except software and leasehold improvements) Mandatory Y  
Amortization of capital assets (except software and leasehold improvements) Mandatory Y  
Capital assets - software and leasehold improvements Mandatory N See note 3
Amortization of software and leasehold improvements Mandatory N See note 3
Capital leases Mandatory Y  
Amortization of capital leases Mandatory Y  
Deferred charges Mandatory Y  
Intangibles No N See note 1
Accounts payables
(external and internal)
Mandatory Y  
Accrued salaries Mandatory Y  
Allowance for unused vacation pay Mandatory Y  
Allowance for compensatory leave Mandatory Y  
Allowance for severance pay No N See note 1
Other allowances or accruals No N See note 1
  1. Not to be implemented until further notice by TBS.
  2. Accounting for Inventories will become mandatory only in 2002-03
  3. Software and leasehold improvements will be capitalized on a prospective basis, with no opening balance as of April 1st 2001.

I confirm that we will comply with the above requirements of the
2001-02 Transition Protocol.

Date : ____________

Senior Full Time Financial Officer: ________________________

Other departmental contact and phone number: ____________________

Please forward the completed document by December 14, 2000 to both:

Bruno Bernier, Director, PWGSC,
Central and Public Accounts Reporting Directorate (CPARD)

Tel: (819) 956-1794
fax: (819) 956-5407

John Morgan, Senior Director, TBS
Government Accounting Policy Division (GAPD)

Tel: (613) 957-9659
fax: (613) 952-9613

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