Financial management

Financial resources of the Government of Canada are well managed in the delivery of programs to Canadians and safeguarded through balanced controls that enable flexibility and manage risk.

Start with this instrument:

Financial Management, Policy on

Provides the key responsibilities for Deputy Heads, CFOs, Senior Departmental Managers and the Comptroller General of Canada in exercising effective financial management. 

Policy sub-topics:

Accounting

Accounting Standards, Directive on

Outlines the accounting, reporting and recording framework for the Government’s consolidated financial statements, departmental financial statements, and departmental quarterly financial reports. 

Quarterly Financial Reports for Crown Corporations, Standard on

Provides the form and content of the quarterly financial report for parent Crown corporations.  

Charging and Special Financial Authorities

Charging and Special Financial Authorities, Directive on

Outlines management practices and controls to ensure that external and internal charging practices for services provided are consistent across government, the amounts charged respect legislative limits; and the consistent treatment of non-tax revenues that are not returned to the Consolidated Revenue Fund. 

Delegation of spending and financial authorities

Delegation of Spending and Financial Authorities, Directive on

Provides Chief Financial Officers their responsibilities for delegating, maintaining and management and oversight of spending and financial authorities. 

Financial management

Financial Management, Policy on

Provides the key responsibilities for Deputy Heads, CFOs, Senior Departmental Managers and the Comptroller General of Canada in exercising effective financial management. 

Other financial management policy instruments

Classification of Procurement Items, Data Standard on

This standard defines common procurement item classification code which allows for consistent recording, aggregation and reporting of financial information within the departmental finance and materiel management systems (DFMS). 

Customer Record, Standard on

Outlines the requirements for developing and maintaining customer information for the organization to ensure consistent and reliable financial information government-wide. 

Vendor Record, Standard on

Defines a common vendor record which allows for consistent recording, aggregation and reporting of financial information within the departmental financial and materiel management system (DFMS). 

Payments

Payments, Directive on

Outlines the requirements and controls necessary to manage and administer payments. 

Public money and receivables

Public Money and Receivables, Directive on

Requirements and controls for the effective and efficient management of public money and receivables in order to minimize the risk of loss, error, fraud or improper consumption. 

Travel, Hospitality, Conferences and Events

Travel, Hospitality, Conference and Event Expenditures, Directive on

Provides detailed direction on the handling of expenditures for travel, hospitality, conferences and events. 

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