Directive on Accounting Standards: GC 1200 Financial Statement Presentation

Supports the Public Sector Accounting Handbook (PSAH) in stating the Government's accounting policy as it relates to the presentation of financial statements.
Date modified: 2017-04-01
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Note to reader

This document is part of the Appendix A of the Directive on Accounting Standards.

A. Primary PSAS reference

  • PS 1200 Financial statement presentation

B. Effective date

C. Government of Canada Consolidated Financial Statements

  1. Further to PS 1200.096 and .097, for the Government of Canada, cash consists of public moneys on deposit and cash in transit less outstanding cheques and warrants. Cash equivalents consist mainly of term deposits usually not exceeding 31 days.

D. Departmental Financial Statements

  1. GC 4500 Departmental Financial Statements provides instructions for preparing Departmental Financial Statements and disclosure requirements.
  2. Further direction is provided annually to departments in the Reporting Requirements for Departmental Financial Statements communication issued by the Office of the Comptroller General of Canada.

E. Other related references

  • GC 4500 Departmental Financial Statements
  • Year-End Call Letter issued by the Office of the Comptroller General of Canada
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