International Public Sector Accounting Standards (IPSAS. by bisrat teklu. Download Free PDF Download PDF Download Free PDF View PDF. Download Download PDF. Download Full PDF Package. Translate PDF. IAS 36 IMPAIRMENT OF ASSETS Objective • To ensure that assets are carried at no more than their recoverable amount, and to define how recoverable The Cert IPSAS includes both an online course and a test. The online course includes all the study materials your employees will need, although candidates will benefit from having a copy of the International Public Sector Accounting Standards Board (IPSASB) 2016 Handbook of International Public Sector Accounting Pronouncements. DRAFT SIGNIFICANT ACCOUNTING POLICIES OF THE PUBLIC SECTOR JUNE 20X1 Page | 2 International Public Sector Accounting Standards Included IPSAS 35 Consolidated Financial Statements √ IPSAS 36 Investments in Associates and Joint Ventures √ IPSAS 37 Joint Arrangements √ IPSAS 38 Disclosures of Interests in Other Entities √ IPSAS 39 Employee Benefits √ Objective of IAS 36 To ensure that assets are carried at no more than their re­cov­er­able amount, and to define how re­cov­er­able amount is de­ter­mined. Scope IAS 36 applies to all assets except: [IAS 36.2] in­ven­to­ries (see IAS 2) assets arising from con­struc­tion contracts (see IAS 11) deferred tax assets (see IAS 12) An entity which prepares and presents financial statements under the accrual basis of accounting shall apply this Standard to the primary financial statements, including the consolidated financial statements, of any entity whose functional currency is the currency of a hyperinflationary economy. 2. 36th SESSION 30 October - 1 November 2019 Room XIX, Palais des Nations, Geneva Friday, 1 November 2019 Morning Session Agenda item 4. Review of current developments in international standards of accounting and reporting in the public and private sectors Presented by Luzvi Chatto Member International Public Sector Accounting Standards Board PBE IPSAS 36 Investments in Associates and Joint Ventures 1 January 2019 1 October 2019 7 PBE IPSAS 37 Joint Arrangements 1 January 2019 1 October 2019 7 PBE IPSAS 38 Disclosure of Interests in Other Entities 1 January 2019 1 October 2019 7 PBE IPSAS 39 Employee Benefits 1 January 2019 1 October 2019 11 Sector Accounting Standards (IPSAS) based on the requirements of IPSAS for the financial year ended 31 December 2015. Public Sector Entity (PSE) is an existing preparer of IPSAS financial statements. The transitional provisions of each accounting standard have not therefore been covered. A first time adopter of IPSAS will need to ensure that UN IPSAS Corporate Guidance - Impairment Introduction workflows for the impairment of intangible assets can be found in Corporate Guidance #12 Intangible assets. As detailed in section 8, the accounting standards. This review concluded that International Public Sector Accounting Standards (IPSAS) represent international best practices for public sector entities and intergovernmental international organizations and that IPSAS adoption would improve the quality, comparability and credibility of the financial reporting of the UN. IPSAS 261 should be read in the context of its objective, IPSAS 3, Accounting Policies, Changes in Accounting Estimates and Errors, provides a basis for selecting and applying accounting policies in the absence of explicit guidance. 1References to IPSAS 26 or any other IPSAS shall be taken as meaning 'as adopted by the Maltese In meeting this objective