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PSAB

Introduction to IPSAS Workshop – Session 5: Expenses

Watch our video for an overview of the International Public Sector Accounting Standards (IPSAS) related to routine transactions of expenses.

 

Learn about:

  • IPSAS 42: Social Benefits
    • Definition of social benefits
    • Definition of social risks
    • Accounting for social benefits 
      • General approach
      • Insurance approach
    • General approach: recognition and measurement
    • General approach: disclosures
  • Appendix A to IPSAS 19: Collective and Individual Services
    • Definition of collective services
    • Definition of individual services
    • Accounting for collective and individual services
  • IPSAS 48: Transfer Expenses
    • Definition of transfer expenses, transfer right, and transfer obligation
    • Definition of binding arrangement
    • Types of transfer expenses
    • Accounting for transfer expenses
    • Presentation and disclosure of transfer expenses

Check out our PowerPoint slides and transcript for more information. Visit our Introduction to IPSAS On-demand Workshop page to access the other sessions.

The workshop content is based on materials extracted from “Train the Trainer: Introduction to IPSAS” (2020) and “Implementing IPSAS: A Guide for Trainers” (2024), both published by the International Federation of Accountants. These materials reflect the suite of IPSAS as of December 2024.

The Handbook of International Public Sector Accounting Pronouncements is the primary authoritative source of international generally accepted accounting principles for public sector entities.

For up-to-date information on the International Public Sector Accounting Standard Board’s (IPSASB) projects, exposure drafts, and published standards and amendments, please visit the IPSASB website.