Clear, 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. 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.