Measurement – Application of Current Operational Value

The IPSASB reviewed responses to ED 90, Amendments to IPSAS as a Result of IPSAS 46, Measurement. Respondents supported including the current operational value measurement basis in IPSAS 12, Inventories, and IPSAS 21, Impairment of Non-Cash Generating Assets, its applicability to right-of-used assets when measured under the current value model in IPSAS 45, Property, Plant, and Equipment, and enhancing the current value disclosures across the IPSAS Standards. The IPSASB will continue its discussion of issues in June 2025.   

Due Process Checklist

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Project Overview

Objective

The objective of this phase of the measurement project is to evaluate the applicability of current operational value in IPSAS that permit the use of current value at initial recognition and subsequent measurement, which were not explicitly considered in the first phase of the project.

Why the IPSASB Undertook this Project

In March 2023, the IPSASB began a limited scope phase of the measurement project with the primary objective of evaluating the applicability of current operational value across existing IPSAS, in the context of the recently approved current operational value principles in IPSAS 46, Measurement, and the Updated Conceptual Framework: Chapter 7, Measurement of Assets and Liabilities in Financial Statements in May 2023.

Task Force Members

• David Watkins (Chair)
• Takeo Fukiya
• Liang Yang
• Marc Wermuth
• Shahad Alshehri
• Todd Beardsworth

Contact

• Agustina Llambi

Published Documents and Support

Documents in this section include:

1. Major documents published by the IPSASB during the lifecycle of the project including: Consultation Papers, Exposure Drafts, issued IPSAS, amendments to IPSAS, and other similar due process documents; 
2. Supporting material related to each published document including: snapshots, webinars, and other material; and 
3. The project-relevant IPSASB agenda papers.