Aggestam-Pontoppidan / Andernack Interpretation and Application of IPSAS

1. Auflage 2015
ISBN: 978-1-119-01031-9
Verlag: John Wiley & Sons
Format: PDF
Kopierschutz: Adobe DRM (»Systemvoraussetzungen)

E-Book, Englisch, Band 1, 464 Seiten, E-Book

Reihe: Wiley Regulatory Reporting

Clear, practical IPSAS guidance, explanation, and examples
Interpretation and Application of IPSAS providespractical guidance on the implementation and application of theInternational Public Sector Accounting Standards. This book bringsreaders up to date on the standards, and describes their properinterpretation and real-world application. Examples and mini-casestudies clarify the standards' roles throughout, giving readers abetter understanding of complex processes, especially where theIPSAS deviate from IFRS. Readers also gain insight into smoothlynavigating the transition for a public sector entity, which ismoving to either IPSAS under accrual basis of accounting or to cashaccounting IPSAS, plus an overview of IPSAS adoption status andmethods around the world.
Global public sector accounting is highly diversified, resultingin ongoing moves to harmonise standards worldwide. The IPSAS areinternational standards that largely follow the IFRS model, butdiffer in some key areas and include standards in places where IFRShas none. This book provides complete guidance to IPSAS, with clearexplanation 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 sectorentities, including national and regional governments and localauthorities. They've been adopted by the UN, NATO, the EuropeanCommission, and others, and either have been or soon will beadopted in Malaysia, Switzerland, Spain, and more.

Autoren/Hrsg.

Aggestam-Pontoppidan, Caroline

Andernack, Isabelle

Inhaltsverzeichnis

Foreword vii
Acknowledgements ix
About the Authors xi
List of IPSAS with Corresponding IFRS xiii
List of IPSAS with Brief Description xv
Part 1 Introducing Public Sector Accounting
1 Introduction 3
2 Why Converge Public Sector Accounting Practices? 11
3 The IPSASB 17
Part 2 Accrual-based IPSAS
4 The IPSASB Conceptual Framework and Key Accrual Accounting Concepts 35
5 Financial Statements 55
6 Disclosure Standards 109
7 Long-Term (Non-Current) Assets 123
8 Current Assets 167
9 Service Concession Arrangements: Grantor 175
10 Leases and Leasing Arrangements 187
11 Revenues and Expenses 207
12 Employee Benefits, Social Benefits, and Other Liabilities 243
13 Provisions and Contingencies 257
14 Budget Reporting 271
15 Financial Instruments 285
16 Consolidations and Strategic Investments 307
17 Specific Standards: Accounting for Agriculture and Accounting in Hyperinflation Economies 327
18 Recommended Practice Guidelines (RPGs) 339
Part 3 Cash-Based IPSAS
19 Cash Basis IPSAS 351
Part 4 Making the Transition to IPSAS and Closing
20 Making the Transition to IPSAS 375
Conclusion 407
Annex 1: Brief Description of IPSAS 409
Annex 2: Key Characteristics of Public Sector Entities 413
Annex 3: Employee Benefits: An Overview of the Key Principles 415
Annex 4: Appendix to Chapter 21. Transition to IPSAS. Case Example: Iceland IPSAS Implementation Plan 417
Bibliography 425
Index

Über Autor(innen)

Caroline Aggestam Pontoppidan, Copenhagen, Denmark 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.

Isabelle Andernack, Meudon-la-Forêt, France is Accountancy Administrator, BIPM (International Bureau of Weights & 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.