Government Transfers - Deloitte
Government Transfers - Deloitte
Government Transfers - Deloitte
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Changes to PSA Standards<br />
Recognition and Measurement<br />
“Old” PSA Standards<br />
Temporary investments,<br />
portfolio investments,<br />
accounts receivable–<br />
carrying value = cost, unless<br />
market value is below<br />
carrying value<br />
Limited guidance on<br />
derivatives (foreign currency<br />
guidance)<br />
“New” PSA Standard<br />
Equity instruments (portfolio investments)<br />
quoted in an active market – fair value<br />
Most derivatives (and certain embedded<br />
derivatives) – fair value<br />
All other non-derivative financial instruments –<br />
cost or amortized cost (effective interest<br />
method)<br />
Option to record financial instruments at fair<br />
value in certain circumstances<br />
New statement of remeasurment gains and<br />
losses
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