News
IPSAS 2010
20-Jan-2011
The Arab Society of Certified Accountants (ASCA-Jordan) issued the latest Arabic translated edition of the International Public Sector Accounting Standards (IPSAS) 2010. The IPSAS Board made the following amendments to the 2010 edition:-
(A) Finalized the following Standards which are included in this Handbook:-
• IPSAS 27, “Agriculture”
• IPSAS 28, “Financial Instruments: Presentation”
• IPSAS 29, “Financial Instruments: Recognition and Measurement”
• IPSAS 30, “Financial Instruments: Disclosures”
• IPSAS 31, “Intangible Assets”
These Standards are effective from the dates noted in the Standards.
(B) A number of IPSASs were amended as a result of the IPSASB’s Improvements Project; namely (1, 2, 3, 7, 8, 10, 14, 16, 17, 25 and 26). This project involves making non-urgent but necessary changes to IPSASs as a result of changes made by the IASB to various IFRSs.
These amendments are effective for annual financial statements covering periods beginning on or after January 1, 2011.