[Verse 1] CPA Canada's handbook holds the keys Government statements need transparency Budget integration, revenues align Public sector principles by design Tax collection timing matters most Recognition rules from coast to coast [Chorus] PSAS standards guide the way Revenue Transfer Government today Net debt versus net assets choose Which model fits the fiscal news Handbook holds accountability Public sector transparency [Verse 2] Transfer payments flowing between tiers Federal provincial fiscal gears Conditional grants with strings attached Unconditional funds dispatched Revenue recognition when received Or when the conditions are achieved [Chorus] PSAS standards guide the way Revenue Transfer Government today Net debt versus net assets choose Which model fits the fiscal news Handbook holds accountability Public sector transparency [Bridge] Net debt model shows what's owed Liabilities on the road Net assets model paints complete Resources minus debts we meet Government transfers classified By purpose and restrictions tied [Verse 3] Budget integration reconciles Actual results cross-reference files Variance analysis explains the gap Between the plan and fiscal map Tax revenue when enforceable Collection deemed collectable [Chorus] PSAS standards guide the way Revenue Transfer Government today Net debt versus net assets choose Which model fits the fiscal news Handbook holds accountability Public sector transparency [Outro] Financial position statement clear Public trust built year by year PSAS framework standing strong Accountability all along
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