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

Department's name _____________ Department's number__________

Accrual Accounting Policies to be implemented	Status as at April 1^st 2001 Mandatory?	Opening balance required as at April 1^st 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

Not to be implemented until further notice by TBS.

Accounting for Inventories will become mandatory only in 2002-03

Software and leasehold improvements will be capitalized on a prospective basis, with no opening balance as of April 1^st 2001.

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

Date:

Senior Full Time Financial Officer:
(Signature)

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