The aim of the project is to develop a standard(s) that provides recognition and measurement requirements applicable to providers of transfer expenses, except for social benefits.
This project will consider issues related to provision of transfer expenses, except for social benefits.
Current Status of the Project
The IPSASB made significant progress in finalizing its transfer expense model. The IPSASB confirmed that a transfer provider’s enforceable rights in a binding arrangement is an asset that is derecognized as the rights are extinguished. For transfers without binding arrangements, the board decided the transfer expense is recognized when control of the transferred resources is lost.