{"product_id":"ipsas-explained-9781119415060","title":"IPSAS Explained","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eA succinct, yet highly informative guide to IPSAS and their application\u003c\/b\u003e \u003cp\u003e\u003ci\u003eIPSAS Explained\u003c\/i\u003e provides a concise summary of the International Public Sector Accounting Standards for practitioners needing to maintain compliance with ever-changing practices. Comprehensively updated to align with newly-accepted standards in key subject areas and including the latest iteration of the framework and improvement projects, this guide distills each standard into a useful and accessible format. Coverage of each IPSAS includes a brief overview of the basic principles behind it, as well as charts, graphs and tables that provide information at a glance. \u003c\/p\u003e\u003cp\u003eUpdated material includes discussion of the new IPSASB governance structure, including the Public Interest Committee and Consultative Advisory Group, as well as information on the current Exposure Drafts and the changes forthcoming from the Improvements Project. New sections on First-Time Adoption of Accrual Basis IPSAS, new consolidati\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003c\/p\u003e\u003cp\u003eI. Introduction: General information about IPSASs and the IPSASB 1\u003c\/p\u003e \u003cp\u003e\u003cb\u003e1 The International Public Sector Accounting Standards Board 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1.1 General information 1\u003c\/p\u003e \u003cp\u003e1.2 Structure and organization of IPSASB 2\u003c\/p\u003e \u003cp\u003e1.3 Objectives of the IPSASB 4\u003c\/p\u003e \u003cp\u003e1.4 Governance and oversight of the IPSASB 5\u003c\/p\u003e \u003cp\u003e1.5 Members of the IPSASB 7\u003c\/p\u003e \u003cp\u003e1.6 The strategy and work plan of the IPSASB 8\u003c\/p\u003e \u003cp\u003e\u003cb\u003e2 International accounting standards for the public sector 10\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e2.1 Overview of international accounting standards for the public sector 10\u003c\/p\u003e \u003cp\u003e2.2 History of the International Public Sector Accounting Standards 14\u003c\/p\u003e \u003cp\u003e2.3 Applicability of the International Public Sector Accounting Standards 15\u003c\/p\u003e \u003cp\u003e2.4 General purpose financial statements 16\u003c\/p\u003e \u003cp\u003e2.5 Authority of the International Public Sector Accounting Standards 17\u003c\/p\u003e \u003cp\u003e2.6 IPSASs for accrual basis of accounting and cash basis of accounting 19\u003c\/p\u003e \u003cp\u003e2.7 Background to the application of international accounting standards for the public sector 19\u003c\/p\u003e \u003cp\u003e2.8 Provisions for the transition from the cash basis to the accrual basis of accounting 21\u003c\/p\u003e \u003cp\u003e2.9 Procedures for developing accounting standards 22\u003c\/p\u003e \u003cp\u003e2.10 Process for reviewing and modifying IASB documents 24\u003c\/p\u003e \u003cp\u003e2.11 Process for considering GFS reporting guidelines during development of IPSASs 25\u003c\/p\u003e \u003cp\u003e2.12 Current projects of the IPSASB 25\u003c\/p\u003e \u003cp\u003e\u003cb\u003e3 IPSASB’s Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities 28\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e3.1 Background 28\u003c\/p\u003e \u003cp\u003e3.2 Key characteristics of the public sector 30\u003c\/p\u003e \u003cp\u003e3.3 Role and authority of the Framework 30\u003c\/p\u003e \u003cp\u003e3.4 Objectives and users of general purpose financial reporting 31\u003c\/p\u003e \u003cp\u003e3.5 Qualitative characteristics 32\u003c\/p\u003e \u003cp\u003e3.6 Reporting entity 33\u003c\/p\u003e \u003cp\u003e3.7 Elements in the financial statements 34\u003c\/p\u003e \u003cp\u003e3.8 Recognition in financial statements 36\u003c\/p\u003e \u003cp\u003e3.9 Measurement of assets and liabilities in financial statements 37\u003c\/p\u003e \u003cp\u003e3.10 Presentation in GPFRs 44\u003c\/p\u003e \u003cp\u003e\u003cb\u003eII. Costs versus benefits of implementing accrual accounting in the public sector 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Cost-benefit assessments for implementation 47\u003c\/p\u003e \u003cp\u003e2 Summary of expected benefits and positive impacts of implementing IPSASs 48\u003c\/p\u003e \u003cp\u003e3 Expected costs of implementing IPSASs 51\u003c\/p\u003e \u003cp\u003e4 Expected challenges of IPSAS implementation 53\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIII. International developments in public sector accounting 57\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Africa 57\u003c\/p\u003e \u003cp\u003e1.1 Current situation in Africa 57\u003c\/p\u003e \u003cp\u003e1.2 Reform movements underway in Africa 59\u003c\/p\u003e \u003cp\u003e1.3 Outlook 64\u003c\/p\u003e \u003cp\u003e2 Europe 65\u003c\/p\u003e \u003cp\u003e2.1 Current situation in Europe 65\u003c\/p\u003e \u003cp\u003e2.2 Reform movements underway in Europe 68\u003c\/p\u003e \u003cp\u003e2.3 Current status of the EPSAS project 70\u003c\/p\u003e \u003cp\u003e2.4 EPSAS framework and governance 72\u003c\/p\u003e \u003cp\u003e3 Latin America and the Caribbean 75\u003c\/p\u003e \u003cp\u003e3.1 Current situation in Latin America and the Caribbean 75\u003c\/p\u003e \u003cp\u003e3.2 Reform movements underway in LAC 76\u003c\/p\u003e \u003cp\u003e3.3 Outlook 82\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIV. Overview of accrual basis IPSASs 85\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIPSAS 1: Presentation of Financial Statements 85\u003c\/p\u003e \u003cp\u003eIPSAS 2: Cash Flow Statement 92\u003c\/p\u003e \u003cp\u003eIPSAS 3: Accounting Policies, Changes in Accounting Estimates and Errors 97\u003c\/p\u003e \u003cp\u003eIPSAS 4: The Effects of Changes in Foreign Exchange Rates 102\u003c\/p\u003e \u003cp\u003eIPSAS 5: Borrowing Costs 105\u003c\/p\u003e \u003cp\u003eIPSAS 6: Consolidated and Separate Financial Statements 108\u003c\/p\u003e \u003cp\u003eIPSAS 7: Investments in Associates 114\u003c\/p\u003e \u003cp\u003eIPSAS 8: Interests in Joint Ventures 118\u003c\/p\u003e \u003cp\u003eIPSAS 9: Revenue from Exchange Transactions 122\u003c\/p\u003e \u003cp\u003eIPSAS 10: Financial Reporting in Hyperinflationary Economies 127\u003c\/p\u003e \u003cp\u003eIPSAS 11: Construction Contracts 129\u003c\/p\u003e \u003cp\u003eIPSAS 12: Inventories 133\u003c\/p\u003e \u003cp\u003eIPSAS 13: Leases 138\u003c\/p\u003e \u003cp\u003eIPSAS 14: Events after the Reporting Date 144\u003c\/p\u003e \u003cp\u003eIPSAS 15: Financial Instruments: Disclosure and Presentation 148\u003c\/p\u003e \u003cp\u003eIPSAS 16: Investment Property 149\u003c\/p\u003e \u003cp\u003eIPSAS 17: Property, Plant and Equipment 155\u003c\/p\u003e \u003cp\u003eIPSAS 18: Segment Reporting 163\u003c\/p\u003e \u003cp\u003eIPSAS 19: Provisions, Contingent Liabilities and Contingent Assets 166\u003c\/p\u003e \u003cp\u003eIPSAS 20: Related Party Disclosures 172\u003c\/p\u003e \u003cp\u003eIPSAS 21: Impairment of Non-Cash-Generating Assets 175\u003c\/p\u003e \u003cp\u003eIPSAS 22: Disclosure of Information about the General Government Sector 180\u003c\/p\u003e \u003cp\u003eIPSAS 23: Revenue from Non-Exchange Transactions (Taxes and Transfers) 183\u003c\/p\u003e \u003cp\u003eIPSAS 24: Presentation of Budget Information in Financial Statements 190\u003c\/p\u003e \u003cp\u003eIPSAS 25: Employee Benefits 195\u003c\/p\u003e \u003cp\u003eIPSAS 26: Impairment of Cash-Generating Assets 205\u003c\/p\u003e \u003cp\u003eIPSAS 27: Agriculture 211\u003c\/p\u003e \u003cp\u003eIPSAS 28: Financial Instruments: Presentation 216\u003c\/p\u003e \u003cp\u003eIPSAS 29: Financial Instruments: Recognition and Measurement 219\u003c\/p\u003e \u003cp\u003eIPSAS 30: Financial Instruments: Disclosures 225\u003c\/p\u003e \u003cp\u003eIPSAS 31: Intangible Assets 229\u003c\/p\u003e \u003cp\u003eIPSAS 32: Service Concession Arrangements: Grantor 236\u003c\/p\u003e \u003cp\u003eIPSAS 33: First-time Adoption of Accrual Basis International Public Sector Accounting Standards (IPSASs) 246\u003c\/p\u003e \u003cp\u003eIPSAS 34: Separate Financial Statements 253\u003c\/p\u003e \u003cp\u003eIPSAS 35: Consolidated Financial Statements 257\u003c\/p\u003e \u003cp\u003eIPSAS 36: Investments in Associates and Joint Ventures 263\u003c\/p\u003e \u003cp\u003eIPSAS 37: Joint Arrangements 268\u003c\/p\u003e \u003cp\u003eIPSAS 38: Disclosure of Interests in Other Entities 272\u003c\/p\u003e \u003cp\u003eIPSAS 39: Employee Benefits 283\u003c\/p\u003e \u003cp\u003eIPSAS 40: Public Sector Combinations 287\u003c\/p\u003e \u003cp\u003eCash Basis IPSAS: Financial Reporting Under the Cash Basis of Accounting 294\u003c\/p\u003e \u003cp\u003e\u003cb\u003eV. Recommended Practice Guidelines (RPGs) 301\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRPG 1: Long-Term Sustainability of an Entity’s Finances301\u003c\/p\u003e \u003cp\u003eRPG 2: Financial Statement Discussion and Analysis 306\u003c\/p\u003e \u003cp\u003eRPG 3: Reporting Service Performance Information 310\u003c\/p\u003e \u003cp\u003e\u003cb\u003eVI. Exposure Drafts and Consultation Papers 315\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Exposure Drafts 315\u003c\/p\u003e \u003cp\u003e1.1 ED 61, Amendments to Financial Reporting under the Cash Basis of Accounting (the Cash Basis IPSAS) 315\u003c\/p\u003e \u003cp\u003e1.2 ED 62, Financial Instruments 317\u003c\/p\u003e \u003cp\u003e2 Consultation Papers 319\u003c\/p\u003e \u003cp\u003e2.1 Recognition and Measurement of Social Benefits 319\u003c\/p\u003e \u003cp\u003e2.2 Public Sector Specific Financial Instruments 324\u003c\/p\u003e \u003cp\u003e2.3 Heritage 326\u003c\/p\u003e \u003cp\u003e2.4 Accounting for Revenue and Non-Exchange Expenses 328\u003c\/p\u003e \u003cp\u003eFurther reading 340\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48866395029847,"sku":"9781119415060","price":47.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9781119415060.jpg?v=1722278448","url":"https:\/\/bookcurl.com\/products\/ipsas-explained-9781119415060","provider":"Book Curl","version":"1.0","type":"link"}