[Verse 1] In the public sector where taxpayers trust Financial reporting must be robust PSAS standards guide the way we see Government accountability clearly The CPA Handbook holds the key Structured guidance for you and me From municipalities to provinces wide These standards are our trusted guide [Chorus] PSAS framework, P-S-A-S Public Sector Accounting Success Conceptual foundation strong and true Revenue recognition, assets too PSAS framework, structured and clear Government reporting year after year [Verse 2] The Handbook's organized in parts so neat Section numbers make it complete General principles come first in line Then specific standards by design Measurement and recognition rules Give us consistent accounting tools From capital assets to debt we owe PSAS shows us how to show [Chorus] PSAS framework, P-S-A-S Public Sector Accounting Success Conceptual foundation strong and true Revenue recognition, assets too PSAS framework, structured and clear Government reporting year after year [Bridge] Stewardship and accountability Service potential and reliability Comparability across all entities These are our key qualities Financial performance we must track Assets, liabilities, that's a fact The conceptual framework leads the way For public sector reporting every day [Verse 3] Unlike private sector standards here Public sector needs are crystal clear Service delivery is our main goal Not profit maximization on the whole The Handbook structure helps us find The guidance that we need in mind Introduction, objectives, scope Implementation gives us hope [Final Chorus] PSAS framework, P-S-A-S Public Sector Accounting Success Conceptual foundation strong and true Revenue recognition, assets too PSAS framework, our guiding light Making government reporting right [Outro] CPA Canada's wisdom shows How public sector accounting grows PSAS framework standing tall Serving the public good for all
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