SlideServe
Télécharger Obtenir Pro
Menu
Accueil Pro
Préférences
ApparenceLight Aide et commentaires
© SlideServe · v2026

IPSAS Financial statements

india avatar
india
8 diapositives · 1.1K Views · Mar 16, 2012

IPSAS Financial statements. IPSAS Background. The objective of IPSAS is to prescribe the manner in which financial statements should be presented to promote comparability both with the entity’s financial statements of previous periods and with the financial statements of other entities.

#financial statement #invisible #control account #account #book value #stub-period financial information #external comparison #credit analyst
IPSAS Financial statements - slide 1
01 / 8IPSAS Financial statements
1 / 17

Télécharger la présentation

IPSAS Financial statements
Une image / un lien ci-dessous est fourni (tel quel) pour télécharger la présentation

Politique de téléchargement : le contenu du site vous est fourni TEL QUEL pour votre information et votre usage personnel ; il ne peut être vendu, concédé sous licence ni partagé sur d’autres sites sans l’accord de son auteur.Le contenu vous est fourni TEL QUEL, pour votre information et votre usage personnel uniquement. Téléchargez la présentation en cliquant sur ce lien. Lors du téléchargement, si vous ne parvenez pas à télécharger une présentation, l’éditeur a peut-être supprimé le fichier de son serveur.Pendant le téléchargement, si vous ne parvenez pas à obtenir une présentation, le fichier a peut-être été supprimé par l’éditeur.

F I N

Plus de contenu associé

Transcription de la présentation

  1. IPSAS Financial statements

  2. IPSAS Background • The objective of IPSAS is to prescribe the manner in which financial statements should be presented to promote comparability both with the entity’s financial statements of previous periods and with the financial statements of other entities. • To achieve this objective, IPSAS sets out overall considerations for the presentation of financial statements, guidance for their structure, and minimum requirements for the content of financial statements prepared under the accrual basis of accounting.

  3. What’s new? • Adoption of IPSAS will change both the structure and the content of the financial statements. With IPSAS, the complete set of financial statements comprise 6 major components.

  4. What’s new? • The adoption of IPSAS will not only change the statements but also the content. Example: statement of financial performance The statement will be issued every year Specimen 12/31/2008 12/31/2007 “Revenue” does not mean exactly the same as “income”, because “revenue” consists not only of cash received but also the amounts in signed, binding agreements to which no conditions have been attached. Expenses are recorded when goods are received or consumed, where control of the goods has been transferred or services have been rendered. Fixed assets are capitalized and then depreciated

  5. What’s new? • A new terminology and presentation of expenses will be adopted, giving more information on the nature of expenses. UNSAS IPSAS Example

  6. What’s new? • The adoption of IPSAS will not only change the statements but also the content. Example: statement of financial position 12/31/2007 Specimen 12/31/2008 Inventory Non-exchange receivables Property, plant and equipment Employee benefits No commitments

  7. What’s new? • In addition to the five key IPSAS statements, IPSAS require to provide extensive disclosures in the notes to the financial statements. • Example : PPE • Among other requirements: related parties, risks related to investments, legal liabilities, actuarial assumptions, segment reporting… Specimen 2008 2008 2008

  8. What’s new? • General purpose financial reporting in the public sector should provide a useful information for decision-making and demonstrate the accountability of the entity for the resources entrusted to it. New and improved information