Forget. IPSAS 11 – Construction Contracts; IPSAS 12 – Inventories; IPSAS 13 – Leases; IPSAS 14 – Events After the Reporting Date; IPSAS 15 Financial instruments: Disclosure and Presentation; IPSAS 16 – 20. 157 0 obj <> endobj h�bbd``b`z$C�C�`1� �1&F�#1�F� �'� Net changes in cash pool investments . 30 . This Standard does not apply to investment property. 16: Investment Property Because equity accounting must now be used when accounting for joint ventures, the title of the standard now also refers to joint investment property (IPSAS ® 16) impairment of cash generating assets (IPSAS® 26) impairment of non-cash generating assets (IPSAS® 21) borrowing costs (IPSAS® 5) inventories (IPSAS® 12) consolidation under the cash basisleases (IPSAS® 13) ®financial instruments (IPSAS 28, 29, 30) provisions contingent liabilities and contingent assets (IPSAS® 19) events after the reporting date (IPSAS … Terms of service • Privacy policy • Editorial independence. International Public Sector Accounting Standard 16, Investment Property as adopted by the Maltese Government, is set out in paragraphs 1–103A.All the paragraphs have equal authority. For example, a public sector entity (other than a GBE) may be established to manage a government's property portfolio on a commercial basis. As a result IPSAS … IPSAS 16 Investment Property IAS 40 IPSAS 17 Property, Plant and Equipment IAS 16 IPSAS 18 Segment Reporting IAS 14 IPSAS 19 Provisions, Contingent Liabilities and Contingent Assets IAS 37 IPSAS 20 Related Party Disclosures IAS 24 IPSAS 21 Impairment of NonCash-Generating Assets IAS 36 IPSAS … The production or supply of goods or services (or The objective of IPSAS 16 is to ensure that appropriate recognition criteria and measurement bases are applied to investment property and that sufficient information is … IPSAS 11 – Construction Contracts; IPSAS 12 – Inventories; IPSAS 13 – Leases; IPSAS 14 – Events After the Reporting Date; IPSAS 15 Financial instruments: Disclosure and Presentation; IPSAS 16 – 20. This Handbook contains the complete International Public Sector Accounting Standards, published as of January 31, 2019. The objective of IPSAS 17 is to prescribe the accounting treatment for property, plant and equipment so that users of financial statements can discern information about an entity's investment in its property, plant and equipment and any changes in such investment. The objective of IPSAS 16 is to prescribe the accounting treatment for investment property and related disclosure requirements. IPSAS 20 Related Party Disclosures . IPSAS 18 Segment Reporting . If an owner-occupied property becomes an investment property that will be carried at fair value, an entity shall apply IPSAS 17 up to the date of change in use. The Standard requires an entity to measure an item of property, plant and INVESTMENT PROPERTY IPSAS 16 BASIS FOR CONCLUSIONS 2 Basis for Conclusions This Basis for Conclusions accompanies, but is not part of, IPSAS 16. 15 . 17: Property, Plant and Equipment Objective: To prescribe the principles for initial recognition and subsequent accounting for property, plant and equipment (carrying amount, depreciation and impairment loss) IPSAS No. a) Biological assets related to agricultural activity (see IPSAS 27. b) Mineral rights and mineral reserves such as oil, natural gas, and similar non-regenerative resources. [Not used] 10. The following are examples of items that are not investment property and are therefore PROPERTY, PLANT AND EQUIPMENT IPSAS 17 496 Objective 1. 0 endstream endobj 158 0 obj <> endobj 159 0 obj <> endobj 160 0 obj <>stream Accounting for assets 2.1 Accounting for property, plant and equipment GRAP 17 (IPSAS 17) 2.2 Inventories GRAP 12 (IPSAS 12) 2.3 Investment property GRAP 16 (IPSAS 16) 2.4 Intangible assets GRAP 31 (IPSAS 31) 2.5 Agricultural assets GRAP 27 (IPSAS 27) 2.6 Heritage assets GRAP 103 2.7 Statutory receivables GRAP 1083 Accounting for liabilities 3.1 Accounting for provisions, contingent … Investment property (IPSAS 16) Impairment of cash generating assets (IPSAS 26) Impairment of non-cash generating assets (IPSAS 21) Borrowing costs (IPSAS 5) Inventories (IPSAS 12) Leases (IPSAS 13) Financial instruments (IPSAS 28, 29, 30) Agriculture (IPSAS 27) Accounting for Liabilities. 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