Section PS 3400 – Revenue

July 01, 2020

Applies to all revenue transactions, except for:

  • Contributions that are voluntary and non-reciprocal in nature
  • A transfer of economic resources from another public sector entity that are accounted for in accordance with Section PS 3410, Government Transfers
  • Inflows of economic resources that are accounted for in accordance with Section PS 3510, Tax Revenue
  • Inflows of restricted economic resources that are accounted for in accordance with Section PS 3100, Restricted Assets and Revenues
  • Interest, dividends, and changes in the fair value of financial instruments including derivatives or their disposal that are accounted for in accordance with Section PS 3450, Financial Instruments
  • Revenue from restructuring transactions that are accounted for in accordance with Section PS 3430, Restructuring Transactions
  • Revenue from investments in partnerships that are accounted for in accordance with Section PS 3060, Interests in Partnerships
  • Revenue from investments in government business enterprises (GBE’s) that are accounted for in accordance with Section PS 3070, Investments in Government Business Enterprises

The Section also does not apply to transactions within the scope of Section PS 3380, Contractual Rights, or Section PS 3390, Contractual Obligations

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