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 confirmed the principles related to Current Operational Value (COV) and discussed their practical application. The IPSASB will next focus on refining the COV definition and clarifying the drafting in the authoritative and non-authoritative text based on the decisions made in September.

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
Board Minutes
 

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