A succinct, yet highly informative guide to IPSAS and their
application
IPSAS Explained 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.
Updated 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 consolidation
standards and Service Performance Reporting bring practitioners
completely up to date to help ensure full compliance.
- Locate relevant IPSAS quickly and easily
- Get up to date on newly adopted standards
- Deepen conceptual understanding with graphical representations
- Understand the operations of the IPSASB, as well as new and ongoing
projects
The International Public Sector Accounting Standards Board is engaged in
the ongoing process of bringing public sector accounting in line with
the IPSAS, which largely align with the IFRS model: where an IFRS
exists, it is either adopted directly or adjusted to be suitable for the
public sector; where no relevant IFRS exists, the IPSASB issues an
IPSAS. IPSAS Explained condenses and clarifies each IPSAS, providing
context, background and practical guidance to help practitioners find
the answers they need to comply.
