Public Sector Specific Financial Instruments
Objective
To develop additional accounting guidance to clarify the requirements for classifying, recognizing, and measuring public sector specific financial instruments
PROJECT CONTACT
Project Stages
Board Papers
Summary
September:
The IPSASB approved Non-Authoritative Amendments to IPSAS 41, Financial Instruments, which includes additional implementation guidance and illustrative examples to clarify the requirements for classifying, recognizing, and measuring public sector specific financial instruments.
The IPSASB agreed an effective date of January 1, 2023, to align with the effective date of IPSAS 41, Financial Instruments.