Purpose of the ipsasbs conceptual framework project

Assignment Help Financial Accounting
Reference no: EM13303919

The IPSASB is developing the Conceptual Framework with input from an advisory panel comprising a number of national standard setters and similar organizations with a role in establishing financial reporting requirements for governments and other public sector entities in their jurisdictions. Earlier drafts of this CP have benefited greatly from comments received from the advisory panel.

The purpose of the IPSASB's Conceptual Framework project is to develop concepts, definitions and principles that:

- Respond to the objectives, environment and circumstances of governments and other public sector entities; and therefore

- Are appropriate to guide the development of IPSASs and other documents dealing with financial reporting by public sector entities.

Many of the IPSASs currently on issue are based on International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board (IASB), to the extent that the requirements of those IFRSs are relevant to the public sector. The IPSASB's strategy also includes maintaining the alignment of IPSASs with IFRSs where appropriate for the public sector.

Attachment:- Assignment.rar

Reference no: EM13303919

Questions Cloud

Interpreting tax regulations : There is a significant amount of gray area when interpreting tax regulations. There are several resources available to assist tax preparers in addressing these issues, such as the AICPA's "Statements on Standards for Tax Services."
Find the closing price for the dow jones : Find the closing price for the DOW jones industrial average at the end of each month for 30 months (y) and compare this with the unemployment rate for the past 30 months (x)
Determine the velocity of the wood block : A 0.07 kg bullet traveling at 569 m/s hits a 5.9 kg block of wood and stays in the wood. What is the velocity (speed)of the wood block
What are the maximum values for the two fields : at a given instatn in time, a traveling EM wave is noted to have its maximum magnetic field pointing west, what are the maximum values for the two fields
Purpose of the ipsasbs conceptual framework project : Purpose of the IPSASB's Conceptual Framework project is to develop concepts, definitions and principles that and respond to the objectives, environment and circumstances of governments and other public sector entities; and therefore
What is his moment of inertia at his maximum rotation rate : A 10 m platform diver during his diving can increase his rotation rate from an initial rate of 1.2 rev/s to a maximum of 3.1 rev/s. what is his moment of inertia at his maximum rotation rate
Compute the magnitude of the force that you exert on handle : You are working out on a rowing machine. Each time you pull the rowing bar (which simulates the "oars") toward you, compute the magnitude of the force that you exert on the handle
Explain relational database design and implementation : ISYS 224 Database Systems - Relational Database Design & Implementation
Find the rate of heattransfer through the thickness of panel : A square panel with sides of length 8 inches is 1 inch thick and has a thermal conductivity of 0.53 W K?1 m?1. find the rate of heat transfer through the thickness of the panel

Reviews

Write a Review

Financial Accounting Questions & Answers

  What is the amount realized by camille in the exchange

Camille also incurred selling expenses of $100. What is the amount realized by Camille in the exchange?

  Determine the cost assigned to ending inventory

Application of LIFO, FIFO and Weighted Average method of Inventory System and evaluate the cost assigned to ending inventory and to cost of goods sold using a) specific identification

  What effect do these types of leases have on balance sheet

What effect do these types of leases have on balance sheet? Why would the use of these long - term leases make a company’s debt to equity ratio, interest coverage ratio.

  Why is the level of output at which marginal revenue equals

What is the relationship between economies of scale and a natural monopoly? Why is the level of output at which marginal revenue equals marginal cost the profit-maximizing output?

  Prepare a statement of revenues and expenses

Prepare a statement of revenues and expenses and a statement of changes in net assets.

  Evaluate the company''s break-even point

Compute the Break even  point - Evaluate the company's break-even point given the sales mix above?

  What amounts will appear on the financial statements

What amounts will appear on the financial statements of Fine Foods for Accounts payable, on the June 30, 2011, balance sheet, accounts receivable on the June 30, 2011 balance sheet?

  Compute market inventory turnover and days sales

Compute Market’s inventory turnover and days’ sales in inventory. Assume that there are 365 days in the year. (Round your answers to 2 decimal places.)

  Evaluate the eight variances

Evaluate the eight variances and Comment on the variances - During September 2011, the company produced 106,000 cases and recorded the following cost data

  Illustrate what is the largest variable cost per carton

Illustrate what is the largest variable cost per carton that can be paid and still achieve a profit of $1million.

  Transactions in corporate accounting

Preparation of journal for various transactions in corporate accounting - Purpose the journal entries for the following 2008 transactions. Place your answers below the rest of these questions.

  Find the straight-line depriciation method

Find the Straight-line depriciation method and The Double-declining depriciation method

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd