Study 5 - Definition and Recognition of Assets

    Filter By

     
     
     

    Surveys & Reports

    IPSASB

    Published: Aug 01, 1995
    64 Pages

    English

     

    Find more publications & resources related to:
    public sector, IPSASB

    Study 5 - Definition and Recognition of Assets

    This Study identifies and describes the variety of views which exist about whether, when and how specific assets should be measured and reported in the public sector. It considers and explores:

    • the definition and recognition of assets;
    • the effect of different bases of accounting on the definition and recognition of assets; and
    • the issues associated with certain types of assets.

    The Study acknowledges that the demand for government services has increased. This growth in demand has meant increasing competition for government services, stimulated by education standards, communication and community interest in government actions.

    Consequently, governments are under pressure to manage their assets efficiently and effectively. Accountability for efficiency and effectiveness of public sector asset management can be shown through better financial reporting. Better reporting provides a basis of understanding by the public, elected decision makers and by management. This, in turn, supports better decision making and asset allocation.

    Study 5 - Definition and Recognition of Assets (PDF | 3.4 MB)
    Date: Aug 01, 1995
    Author: IPSASB

     

    Related Resources