2nd Edition
by Thomas Müller-Marqués Berger (Author)
Global diversity in the practice of public sector accounting continues to impede the reduction of bureaucracy and the creation of comparable standards in terms of accountability and transparency. The International Public Sector Accounting Standards Board (IPSASB) continues to engage in the ongoing process of harmonizing public sector accounting with their International Public Sector Accounting Standards (IPSASs).
IPSAS Explained: A Summary of International Public Sector Accounting Standards, Second Edition
provides up to date information on the Conceptual Framework Project and
other projects related to IPSASs, along with details of all the current
IPSASs, including newly approved standards of the Board, especially
those relating to financial instruments, intangible assets and service
concession arrangements from a grantor perspective. Each IPSAS is
distilled into a useful and accessible summary, and illustrated with
graphs, figures and tables. Beyond that the book focuses on the current
sovereign debt crisis and discusses possible implications for public
sector financial management.
Through an examination of the
objectives of the standards and an overview of the principles relevant
to key topics such as the accrual basis of accounting as against cash
basis, fair value, present value, cost, and measurement bases, IPSAS Explained provides decision-makers in the public sector with a thorough grounding on the IPSASs and the operations of the IPSASB.
