Survey for preparers: Entities applying Public Sector Accounting Standards (PSAS) with the PS 4200 series, or those that consolidate entities using it

Which entity (or individual) are you responding on behalf of, and where are you located? Please specify your Indigenous community, province, territory, municipality or any other location.

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Which sector or type of public sector entity are you responding on behalf of?

a) Arts and museums

b) Education

c) Federal government

d) Healthcare

e) Indigenous government

f) Local government

g) Provincial government

h) Research

i) Sports and recreation

j) Territorial government

Other (please specify)

Fund accounting

Does your organization present its financial statements on a fund accounting basis?

a) Yes

b) No

Other (please specify)

Restricted Revenue

Contributions – Revenue Recognition, Section PS 4210 allows entities to apply either the restricted fund method or the deferral method to recognize contributions. Which method does your organization apply?

a) Restricted fund method

b) Deferral method

c) Not applicable — answered “No” to fund accounting basis

Please explain why your organization made that choice.

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Endowments

Does your organization receive endowments for which the agreement requires your organization to provide matching dollars for part or all of the amount being endowed?

a) Yes – we have received endowments that contain an internal matching requirement in the agreement.

b) No – we receive endowments, but not with an internal matching requirement.

c) No – we do not receive endowments.

Other (please specify)

Contributed materials and services

Does your organization currently recognize contributed materials and/or services?

a) Yes – both

b) Yes – only services

c) Yes – only materials

d) No – but we do have a note describing that we receive contributed materials and/or services but have not recognized.

e) No – we do not have contributed services and/or materials.

Other (please specify)

Capital contributions

If a capital contribution needs to meet the definition of a liability as per Section PS 3200 to be eligible for deferral, describe some of the challenges your organization might encounter.

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Does your organization currently receive capital contributions from sources outside of government?

a) Yes – at times for the same capital project that we have also received government funding for.

b) Yes – at times for stand-alone capital projects that we don’t receive government funding for.

c) No – all our capital monies come from government.

d) Unsure

10.

Membership fees

Does your organization currently charge membership fees?

a) Yes

b) No

Other (please specify)

11.

Expense classification

How does your organization currently classify your expenses on the Statement of Operations?

a) By object

b) By program or function

12.

Please describe why your organization has made this choice.

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13.

Do you provide the opposing classification in the notes to your financial statements?

a) Yes

b) No

Other (please specify)

14.

Budget to actual comparison

Does your organization present a comparison of the actual financial performance of the accounting period with that originally budgeted?

a) Yes – on the face of the statements

b) Yes – in the notes to the financial statements

c) Yes – in the Financial Statements Discussion and Analysis (FSD&A)

d) No

Other (please specify)

15.

Contact information

If you would like to stay connected to this work or, be contacted for future feedback opportunities, please provide your contact information.

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16.

How did you learn about this survey?

a) I follow the FRASCanada project page

b) LinkedIn

c) The Standard

d) The GNFP Strategy Implementation update webinar

Other (please describe)