Financial Reporting Methodologies

The CCRA's funding is provided by Parliament through annual appropriations (modified cash accounting basis) and the CCRA reports its expenditures and performance to Parliament in the CCRA Annual Report together with details on the management of Parliamentary appropriations in this section on the same basis. However, this does not include, for example, certain items such as services provided by other government departments that are part of the audited financial statement of operations.

In addition to the above reporting requirements, the CCRA is also required to prepare its annual financial statements in accordance with the accounting principles applied in preparing the financial statements of the Government of Canada (full accrual accounting basis). Accordingly, the CCRA Statement of Operations – Agency Activities includes certain items such as services provided by other government departments referred to above.

Throughout the first volume of the CCRA Annual Report, and this section, the modified cash accounting approach is used. A reconciliation between the expenditures reported in the performance report, and those reported in the audited Financial Statement of Operations – Agency Activities, is shown in Table 9.

Date modified:

2003-10-29