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 voted to preliminary approve ED 77, Measurement. ED 77 provides detailed guidance on the implementation of commonly used measurement bases, including historical cost, current operational value, fair value and cost of fulfillment, and the circumstances under which these measurement bases are expected to be used.The IPSASB finalized ED77 at its February 2021 meeting and exposed it for comment in April 2021. Comments are due October 25, 2021.

Project Contact

• Dave Warren

Task Force

• David Watkins (Chair)
• Francesco Capalbo
• Takeo Fukiya
• David Tretton

Project Stages