The aim of the project is to develop one or more IPSASs covering revenue transactions (exchange and non-exchange) in IPSASs.

The scope of this project is to develop new standards-level requirements and guidance on revenue to amend or supersede guidance that is currently located in IPSAS 9, Revenue from Exchange Transactions; IPSAS 11, Construction Contracts; and IPSAS 23, Revenue from Non-Exchange Transactions (Taxes and Transfers).

Current Status of the Project

The IPSASB discussed several key topics arising from the responses received on the revenue Exposure Drafts (ED) 70 and ED 71. The IPSASB: 

  • Decided that the proposed standards should be named and presented to reflect the prevalence of different types of revenue transactions in the public sector; and  
  • Clarified the accounting principles related to the concepts of binding arrangements, performance obligations, and what gives rise to a liability in a binding arrangement without performance obligations. 

Project Contact

Project Stages


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