Interpretation and Application of IPSAS
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Interpretation and Application of IPSAS
About this book
Interpretation and Application of IPSAS provides practical guidance on the implementation and application of the International Public Sector Accounting Standards. This book brings readers up to date on the standards, and describes their proper interpretation and real-world application. Examples and mini-case studies clarify the standards' roles throughout, giving readers a better understanding of complex processes, especially where the IPSAS deviate from IFRS. Readers also gain insight into smoothly navigating the transition for a public sector entity, which is moving to either IPSAS under accrual basis of accounting or to cash accounting IPSAS, plus an overview of IPSAS adoption status and methods around the world.
Global public sector accounting is highly diversified, resulting in ongoing moves to harmonise standards worldwide. The IPSAS are international standards that largely follow the IFRS model, but differ in some key areas and include standards in places where IFRS has none. This book provides complete guidance to IPSAS, with clear explanation and expert insight.
- Understand the meaning and role of each standard
- Apply the standards to real-world scenarios
- Manage the process of transition to IPSAS
These standards are meant to be followed by all public sector entities, including national and regional governments and local authorities. They've been adopted by the UN, NATO, the European Commission, and others, and either have been or soon will be adopted in Malaysia, Switzerland, Spain, and more.
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Information
Table of contents
- Cover
- Title page
- Copyright
- Foreword
- Acknowledgements
- About the Authors
- List of IPSAS with Corresponding IFRS
- List of IPSAS with Brief Description
- Disclaimer
- Part 1 Introducing Public Sector Accounting
- Part 2 Accrual-based IPSAS
- Part 3 CASH-BASED IPSAS
- Part 4 MAKING THE TRANSITION TO IPSAS AND CLOSING
- Conclusion
- Annex 1: Brief Description of IPSAS
- Annex 2: Key Characteristics of Public Sector Entities1
- Annex 3: Employee Benefits: An Overview of the Key Principles
- Annex 4: Appendix to Chapter 21. Transition to IPSAS. Case Example: Iceland IPSAS Implementation Plan1
- Bibliography
- Index
- EULA