Government Transfers - Deloitte
Government Transfers - Deloitte
Government Transfers - Deloitte
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Not-for-profit and Public Sector - changes in Accounting Frameworks<br />
Type of Organization Accounting Framework First reporting period – year<br />
beginning on or after:<br />
<strong>Government</strong> PSA Standards N/A<br />
P<br />
S<br />
A<br />
B<br />
<strong>Government</strong> Business<br />
Enterprise (GBE)<br />
<strong>Government</strong> Not-for-Profit<br />
Organization (GNFPO)<br />
IFRSs<br />
Choice of:<br />
i. Existing NPO standards<br />
(4400 series with minor<br />
modifications) + PSA<br />
Standards as underlying<br />
framework, or<br />
ii. PSA Standards (without<br />
NPO standards)<br />
January 1, 2011 (unless<br />
organization qualifies for 1 year<br />
deferral)<br />
January 1, 2012<br />
Other <strong>Government</strong><br />
Organization (OGO)<br />
PSA Standards or IFRSs based<br />
on assessment of users’ needs<br />
January 1, 2011<br />
A<br />
c<br />
S<br />
B<br />
Not-for-Profit Organization<br />
(not controlled by<br />
government) (NPO)<br />
Choice of:<br />
i. Existing NPO standards<br />
(4400 series with minor<br />
modifications) + Accounting<br />
Standards for Private<br />
Enterprises (ASPE) as<br />
underlying framework, or<br />
ii. IFRSs<br />
January 1, 2012
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