Description
Book SynopsisClear, practical IPSAS guidance, explanation, and examples Interpretation and Application of IPSAS provides practical guidance on the implementation and application of the International Public Sector Accounting Standards.
Table of ContentsForeword vii
Acknowledgements ix
About the Authors xi
List of IPSAS with Corresponding IFRS xiii
List of IPSAS with Brief Description xv
Part 1 Introducing Public Sector Accounting
1 Introduction 3
2 Why Converge Public Sector Accounting Practices? 11
3 The IPSASB 17
Part 2 Accrual-based IPSAS
4 The IPSASB Conceptual Framework and Key Accrual Accounting Concepts 35
5 Financial Statements 55
6 Disclosure Standards 109
7 Long-Term (Non-Current) Assets 123
8 Current Assets 167
9 Service Concession Arrangements: Grantor 175
10 Leases and Leasing Arrangements 187
11 Revenues and Expenses 207
12 Employee Benefits, Social Benefits, and Other Liabilities 243
13 Provisions and Contingencies 257
14 Budget Reporting 271
15 Financial Instruments 285
16 Consolidations and Strategic Investments 307
17 Specific Standards: Accounting for Agriculture and Accounting in Hyperinflation Economies 327
18 Recommended Practice Guidelines (RPGs) 339
Part 3 Cash-Based IPSAS
19 Cash Basis IPSAS 351
Part 4 Making the Transition to IPSAS and Closing
20 Making the Transition to IPSAS 375
Conclusion 407
Annex 1: Brief Description of IPSAS 409
Annex 2: Key Characteristics of Public Sector Entities 413
Annex 3: Employee Benefits: An Overview of the Key Principles 415
Annex 4: Appendix to Chapter 21. Transition to IPSAS. Case Example: Iceland IPSAS Implementation Plan 417
Bibliography 425
Index
