Overview of IPSAS on public sector specific topics

Ellen Haustein
Peter C. Lorson
Christophe Vanhee
Johan Christiaens

This chapter sets forth the IPSAS content by reviewing relevant norms. The hierarchy of IPSASB announcements and the set of IPSAS financial statements are briefly explained. Still, the focus of this chapter is on selected IPSAS referring to specific balance sheet items, namely property, plant and equipment (IPSAS 17, 21, 26), revenues and expenses from non-exchange transactions (IPSAS 23, 42, ED 72) and service concessions and the related assets and liabilities (IPSAS 32). Each standard is summarized in brief and for each accounting field, the definition, initial recognition and subsequent measurement is introduced.

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ISBN: 978-989-26-2463-1
eISBN: 978-989-26-2464-8
DOI: 10.14195/978-989-26-2464-8_9
Área: Public Sector; Accounting; PSA; Fina
Páginas: 297-334
Data: 2023

Palavras-Chaves
Public sector specific standards
IPSAS
non-cash generating assets
concessions
social benefits
non-exchange transactions
transfer expenses

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Outros Capítulos (17)

Foreword
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Introduction
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Approaches to public sector accounting and reporting in Europe
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Specificities of Public Sector Accounting: Insights for governmental accounting from history and theory
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Budgets a nd budgetary accounting
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Theoretical approaches to financial accounting purposes and principles
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Different Perspectives in Public Sector Accounting Harmonisation: IFRS, IPSAS and GFS
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IPSAS: History, spread and use
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The IPSASB’s conceptual framework and views on selected national frameworks
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Reporting components and reliability issues
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