News
IASCA Issues the Arabic Version of International Public Sector Accounting Standards 2019 Handbook
03-Dec-2020
AMMAN - The International Arab Society of Certified Accountants (IASCA) issued the translated Arabic version of International Public Sector Accounting Standards (IPSAS) 2019 Handbook
The most important changes of the 2019 version are as follows: -
New Standards
The (International Public Sector Accounting Standards Board (IPSASB) approved the following Standards which are included in this Handbook:
• IPSAS 41, Financial Instruments
• IPSAS 42, Social Benefits
• Improvements to IPSAS, 2018
• Amendments to IPSAS 36, Investments in Associates and Joint Ventures, and IPSAS 41, Financial Instruments
Amendments
A number of IPSAS were amended as a result of the IPSASB’s Improvement to IPSAS. The amendments involve making necessary changes to IPSAS.
• IPSAS 10, Financial Reporting in Hyperinflationary Economies;
• IPSAS 22, Disclosure of Financial Information about the General Government Sector;
• IPSAS 24, Presentation of Budget Information in Financial Statements;
• IPSAS 16, Investment Property;
• IPSAS 17, Property, Plant, and Equipment;
• IPSAS 31, Intangible Assets;
• IPSAS 33, First-time Adoption of Accrual Basis International Public Sector Accounting Standards (IPSASs); and
• IPSAS 34, Separate Financial Statements.