Measurement – Application of Current Operational Value

The objective of this phase of the measurement project 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.

Current Status of the Project

The IPSASB reviewed the applicability of current operational value (COV) to several IPSAS and concluded it applies to assets within the scope of IPSAS 32, Service Concession Arrangements: Grantor, but decided to perform further analysis on its COV’s applicability for IPSAS 12, Inventories, and IPSAS 43, Leases.

The IPSASB considered proposals to revise the definition of, and guidance on, recoverable service amount in IPSAS 21, Impairment of Non-Cash-Generating Assets. The IPSASB will consider illustrative examples at the December meeting.

Project Contact

• Agustina Llambi
• John Stanford

Task Force

• David Watkins (Chair)
• Takeo Fukiya
• Todd Beardsworth
• Rasmimi Ramli
• Liang Yang
• Shahad Alshehri