Skip to main content

IPSAS 33, First-time Adoption of Accrual Basis IPSASs

IPSASB
| Handbooks, Standards, and Pronouncements
English
All available Translation:
In progress Translation:

International Public Sector Accounting Standard (IPSAS) 33 grants transitional exemptions to entities adopting accrual basis IPSASs for the first time, providing a major tool to help entities along their journey to implement IPSASs. It allows first-time adopters three years to recognize specified assets and liabilities. This provision allows sufficient time to develop reliable models for recognizing and measuring assets and liabilities during the transition period.

Copyright © 2024 The International Federation of Accountants (IFAC). All rights reserved.