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 1st 2001 Mandatory?	Opening balance required as at April 1st 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

1. Not to be implemented until further notice by TBS.
2. Accounting for Inventories will become mandatory only in 2002-03
3. 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