Skip to main content

IPSAS 45, Property, Plant, and Equipment

May 26, 2023 | Handbooks, Standards, and Pronouncements

International Public Sector Accounting Standard® (IPSAS) 45 replaces IPSAS 17, Property, Plant, and Equipment by adding current operational value as a measurement basis in the updated current value model for assets within its scope, identifying the characteristics of heritage and infrastructure assets, and adding new guidance on how these important types of public sector assets should be recognized and measured. 

Copyright © 2023 The International Federation of Accountants (IFAC). All rights reserved.