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.
The accrual IPSASs are based on the International Financial Reporting Standards (IFRSs), issued by the International Accounting Standards Board (IASB)
This guide includes all International Accounting Standards in the sector from 1 - 38 of 2017,
This book provides complete guidance to IPSAS, with clear explanation and expert insight:-
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Understand the meaning and role of each standard
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Apply the standards to real-world scenarios
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Manage the process of transition to IPSAS
The appropriate use of IPSAS financial information would assist public officials and other groups in assessing the implications of the fiscal decisions proposed or made by government.