{"product_id":"interpretation-and-application-of-ipsas-isbn-9781119010296","title":"Interpretation and Application of IPSAS","description":"\u003cb\u003eClear, practical IPSAS guidance, explanation, and examples\u003c\/b\u003e  \u003cp\u003e\u003ci\u003eInterpretation and Application of IPSAS\u003c\/i\u003e 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.\u003c\/p\u003e \u003cp\u003eGlobal 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.\u003c\/p\u003e \u003cul\u003e \u003cli\u003eUnderstand the meaning and role of each standard\u003c\/li\u003e \u003cli\u003eApply the standards to real-world scenarios\u003c\/li\u003e \u003cli\u003eManage the process of transition to IPSAS\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eThese 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.\u003c\/p\u003e \u003cp\u003eForeword vii\u003c\/p\u003e \u003cp\u003eAcknowledgements ix\u003c\/p\u003e \u003cp\u003eAbout the Authors xi\u003c\/p\u003e \u003cp\u003eList of IPSAS with Corresponding IFRS xiii\u003c\/p\u003e \u003cp\u003eList of IPSAS with Brief Description xv\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 1 Introducing Public Sector Accounting\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1 Introduction 3\u003c\/p\u003e \u003cp\u003e2 Why Converge Public Sector Accounting Practices? 11\u003c\/p\u003e \u003cp\u003e3 The IPSASB 17\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 2 Accrual-based IPSAS\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e4 The IPSASB Conceptual Framework and Key Accrual Accounting Concepts 35\u003c\/p\u003e \u003cp\u003e5 Financial Statements 55\u003c\/p\u003e \u003cp\u003e6 Disclosure Standards 109\u003c\/p\u003e \u003cp\u003e7 Long-Term (Non-Current) Assets 123\u003c\/p\u003e \u003cp\u003e8 Current Assets 167\u003c\/p\u003e \u003cp\u003e9 Service Concession Arrangements: Grantor 175\u003c\/p\u003e \u003cp\u003e10 Leases and Leasing Arrangements 187\u003c\/p\u003e \u003cp\u003e11 Revenues and Expenses 207\u003c\/p\u003e \u003cp\u003e12 Employee Benefits, Social Benefits, and Other Liabilities 243\u003c\/p\u003e \u003cp\u003e13 Provisions and Contingencies 257\u003c\/p\u003e \u003cp\u003e14 Budget Reporting 271\u003c\/p\u003e \u003cp\u003e15 Financial Instruments 285\u003c\/p\u003e \u003cp\u003e16 Consolidations and Strategic Investments 307\u003c\/p\u003e \u003cp\u003e17 Specific Standards: Accounting for Agriculture and Accounting in Hyperinflation Economies 327\u003c\/p\u003e \u003cp\u003e18 Recommended Practice Guidelines (RPGs) 339\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 3 Cash-Based IPSAS\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e19 Cash Basis IPSAS 351\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart 4 Making the Transition to IPSAS and Closing\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e20 Making the Transition to IPSAS 375\u003c\/p\u003e \u003cp\u003eConclusion 407\u003c\/p\u003e \u003cp\u003eAnnex 1: Brief Description of IPSAS 409\u003c\/p\u003e \u003cp\u003eAnnex 2: Key Characteristics of Public Sector Entities 413\u003c\/p\u003e \u003cp\u003eAnnex 3: Employee Benefits: An Overview of the Key Principles 415\u003c\/p\u003e \u003cp\u003eAnnex 4: Appendix to Chapter 21. Transition to IPSAS. Case Example: Iceland IPSAS Implementation Plan 417\u003c\/p\u003e \u003cp\u003eBibliography 425\u003c\/p\u003e \u003cp\u003eIndex\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCaroline Aggestam Pontoppidan, Copenhagen, Denmark\u003c\/b\u003e is an Associate Professor in Public Sector Accounting and Auditing at Copenhagen Business School. She is also a project manager for UNOPS (an operational arm of the United Nations, helping a range of partners implement $1 billion worth of aid and development projects every year) overseeing the implementation of International Public Sector Accounting (IPSAS). Previous experience includes audit work and project management with The Global Fund to fight Aids, Tuberculosis and Malaria, Geneva, Switzerland, UNCTAD, Geneva, Switzerland and the UNICEF Supply Division, Copenhagen.\u003c\/p\u003e \u003cp\u003e\u003cb\u003eIsabelle  Andernack, Meudon-la-Forêt, France\u003c\/b\u003e is Accountancy Administrator, BIPM (International Bureau of Weights \u0026amp; Measures). She is the project leader of the BIPM transition from cash accounting to the accrual basis of accounting under IPSAS. Her current teaching activities include: IPSAS, consolidation and public management courses at Paris I Panthéon-Sorbonne (Master 2 Audit, Contrôle et Management Public), IFRS in order to prepare the CIIA at CFAF (Training Centre for Financial Analysts). She is formerly a Partner, and Technical Director of audit division, Fiducial Audit, as well as having worked in the Audit and IFRS teams at Deloitte, PwC and KPMG.\u003c\/p\u003e  \u003cp\u003e\u003cb\u003eA Practical, Authoritative Guide to IPSAS\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003eDesigned to promote enhanced quality and consistency in public sector accounting across the world, the International Public Sector Accounting Standards provide an accounting framework which can be followed by all public sector entities, including national and regional governments, local authorities and intergovernmental organizations. \u003c\/p\u003e\u003cp\u003e\u003ci\u003eInterpretation and Application of IPSAS\u003c\/i\u003e is a practical guide to implementing the standards. Beginning with an analysis of the role of the International Public Sector Accounting Standards Board, it goes on to provide a complete description of each standard, along with plentiful case studies and examples demonstrating how to apply it in practice. Detailed guidance is also provided on managing the transition from local standards to IPSAS, under either accrual or cash accounting. \u003c\/p\u003e\u003cp\u003eThis practical focus makes \u003ci\u003eInterpretation and Application of IPSAS\u003c\/i\u003e the ideal resource for both current and potential adopters of the International Public Sector Accounting Standards. \u003c\/p\u003e\u003cp\u003e\"This book on the practical adoption and implementation of IPSAS for public sector entities will be a useful tool for both academic students at the undergraduate as well as the graduate level. In addition, its practical focus will enable practitioners and regulators to have access to a wide range of accounting examples and issues that public entities will face when moving towards IPSAS compliant financial reporting.\" \u003cbr\u003e\u003cb\u003e—Gérard A. Melyon, Ph.D.,\u003c\/b\u003e Professor of Accounting, Sorbonne Universités, France  \u003c\/p\u003e\u003cp\u003e\"This book enables the reader to better understand the practical application and implementation of IPSAS. The book offers multiple practical examples and case studies that help us to grasp the accounting issues that public sector entities are experiencing when moving towards IPSAS based accounting and financial reporting.\" \u003cbr\u003e\u003cb\u003e—Isabel Brusca, Ph.D.,\u003c\/b\u003e Professor of Accounting, University of Zaragoza, Spain\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47989451456741,"sku":"NP9781119010296","price":80.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781119010296.jpg?v=1761784152","url":"https:\/\/k12savings.com\/es\/products\/interpretation-and-application-of-ipsas-isbn-9781119010296","provider":"K12savings","version":"1.0","type":"link"}