Interpretation and Application of IPSAS (PDF)

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.