Measurement

Objective

The objectives include to (a) issue amended IPSASs with revised requirements for measurement at initial recognition, subsequent measurement and measurement-related disclosure; (b) provide more detailed guidance on the implementation of replacement cost and cost of fulfillment and the circumstances under which these measurement bases will be used; and (c) address transaction costs, including the specific issue of the capitalizing or expensing of borrowing costs. 

Current Status of the Project

The IPSASB performed a detailedreview of the responses to ED 77, Measurement. Respondents strongly supported most of the ED proposals. The IPSASB agreed to move forward with the proposals related to Fair Value and Cost of Fulfillment, and thatdisclosure requirements should be included in the relevant IPSAS. The proposed principles related to historical cost and the measurement model policy choice are areas where further clarification is needed. 

Project Contact

Task Force

Project Stages

Project Proposal Consultation Paper - Out for Comment 2017-2019 Exposure Draft Development 2020-2021 Exposure Draft Feedback 2022
Board Papers
CAG Papers
Other
 

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