Throughout Canada, commencing on January 1, 2009, the guidelines set
in PSAB Handbook 3150 Tangible Capital Assets will require that
government agencies recognize and amortize all their tangible capital
assets on a fiscal years basis. Along with depreciation, every
government or government organization disclosure will need to report on
the condition of their tangible capital assets on their financial
statements. Reporting expectations about future financing requirements
for near-term replacement expenditures are also under consideration to
determine whether they are possible and appropriate. See below for links
to PSAB related sites.
Riva Modeling's PSAB solutions are the most widely
used and comprehensive systems for delivering on PSAB requirements and
as such they are setting many of the best practices standards. They are available in two formats,
Attend a PSAB On Demand
webinar presentation and find out how it meets PSAB 3150
requirements. Start by taking a minute to get signed up
with one of the following online presentations: Wednesday, November
26, 2008
- 2 PM - 3 PM EST
Wednesday, December 3, 2008 - 2 PM - 3 PM EST
Riva enterpriseor
On Demand
Which solution is right for you?
Riva enterprise
solutions like Riva DS are installed onsite. In
general, they are suited to larger organizations that
maintain in house asset database structures, GIS, and
extensive financial packages. Municipalities with
populations of 50,000 or more and corporations with over 25,000
physical assets to manage usually require an enterprise solution.
On Demand solutions like PSAB On Demand are hosted on Riva Modeling's secure servers.
They provide smaller organizations with the advantages of the
enterprise solutions while being optimized for working with smaller
asset collections. Municipalities with populations under 50,000 and
corporations with fewer than 25,000 physical assets to
manage
may find On Demand solutions to be the best fit.
collect and organize data from a broad range of
paper and electronic sources: Asset Registry;
interface disparate database systems including
GIS and financial packages for centralized data manipulation and
management: Enterprise Inventory;
perform strategic short term asset management
planning: Decision Support;
perform long-range, 10 to 100 year, asset
forecasting: Decision Support;
