Question: TANDARDS IPSAS vs IAS IPSAS Description IAS/IFRS Description 1 Presentation of Financial Statements 2 Cash Flow Statements 12 Inventories 17 Property, Plant & Equipment 33

TANDARDS

IPSAS vs IAS IPSAS

Description

IAS/IFRS

Description

1

Presentation of Financial Statements

2

Cash Flow Statements

12

Inventories

17

Property, Plant & Equipment

33

First-time adoption of Accrual Basis IPSASs

1. Identify/find the corresponding IAS/IFRSs for the IPSASs listed in the table above.

2. Write on at least 3 similarities and 3 differences between the respective standards.

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