Selecting International Standards for Accrual-Based Accounting in the Public Sector: IPSAS or IFRS?

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Abstract

The article discusses the definition of a government business enterprise (GBE), as provided in the International Public Sector Accounting Standards (IPSAS), as a determinant for applying IPSAS or the International Financial Reporting Standards (IFRS) for a public sector entity. The work of the IPSASB is focused on the accounting and financial reporting needs of national, regional and local governments, and related governmental agencies, while the IFRS serves the private sector.
Original languageEnglish
JournalThe Journal of Government Financial Management
Volume60
Issue number3
Pages (from-to)28-32
ISSN1533-1385
Publication statusPublished - 2011

Keywords

  • Accounting Standards
  • Private Sector
  • Public Sector
  • Nonprofit Organizations
  • Government Business Enterprises
  • International Accounting Standards
  • International Financial Reporting Standards

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