The approved text of the International Financial Reporting Standards (IFRSs) is that published by the IASB in the English language, and copies may be obtained directly from … 0000008359 00000 n The “Preface to International Public Sector Accounting Standards” issued by the International Public Sector Accounting Standards Board (IPSASB) explains that Government Business Enterprises (GBEs) apply International Financial Reporting Standards (IFRSs) which are issued by the International . 0000010734 00000 n 1 PBE IPSAS 30 PUBLIC BENEFIT ENTITY INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARD 30 FINANCIAL INSTRUMENTS: DISCLOSURES (PBE IPSAS 30) Issued September 2014 and incorporates amendments to 30 November 2020 other than consequential amendments resulting from early adoption of PBE IFRS 9 Financial Instruments, PBE IPSAS 41 Financial Instruments, PBE IFRS 17 Insurance … IPSAS 23 should be read in the context of its objective, the Basis for Conclusions, and the “Preface to International Public Sector Accounting Standards”. 28: PBE IPSAS 23.106(d) requires disclosure of the amounts of assets subject to restrictions and the nature of those restrictions. 0000005455 00000 n This alert contains a full list of the new standards applicable to PBEs. This Handbook contains the complete International Public Sector Accounting Standards, published as of January 31, 2020. 0000006467 00000 n 0000009625 00000 n 0000000016 00000 n Donated Goods (Amendments to 2PBE IPSAS 23) 1 Jan 2016 M M M M M M2 2016 Omnibus Amendments to PBE Standards Refer to page 8 for more detail Approved Budget (Amendments to PBE IPSAS 1) 1 Jan 2018 O O O O O O Impairment of Revalued Assets (Amendments to PBE IPSASs 21 and 26) 1 Jan 2019 O O O O O O PBE IPSAS 34 Separate Financial Statements 1 Jan 2019 O O O O O O … REVENUE FROM EXCHANGE TRANSACTIONS IPSAS 9 260 Accounting Standards Board (IASB). Where the contract Revenue from Non-Exchange Transactions. It also includes the Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities. 2020 Handbook of International Public Sector Accounting Pronouncements. 0000054756 00000 n PBE IPSAS 23: 4 Dec 2013: Revenue from Non-Exchange Transactions: Revenue from Non-Exchange Transactions - 4 December 2013 - Transition to the New Public Benefit Entity (PBE) Accounting Standards for the Public Sector. 0000012787 00000 n 0000053548 00000 n Similar questions to that under NZ IFRS 15 will … 0000019296 00000 n 8 PBE IPSAS 23.106(a) requires, either in the statement of comprehensive revenue and expense or the notes, that entities disclose the amount of revenue from non-exchange transactions by major classes, showing separately: i) taxes, showing separately major classes of taxes; and ii) transfers, showing separately major classes of transfer revenue. 0000010416 00000 n Some Standards, such as PBE IPSAS 23 Revenue from Non-Exchange Contracts, contain guidance specific to NFP PBEs. An entity analyses all stipulations contained in transfer agreements to determine if it incurs a liability when it accepts transferred resources. 0000010575 00000 n This is because PBE IPSAS 23 has no equivalent within NZ IFRS and addresses the accounting treatment of revenue from grants and donations which are very prevalent in the sector. 0000012630 00000 n PBE IPSAS 25 Employee Benefits. 0000008834 00000 n This is a standard which prescribes how to account for donated goods and services. REVENUE FROM NON-EXCHANGE TRANSACTIONS 17 PBE IPSAS 23 agreement is not a transfer agreement, but a contract for an exchange transaction that should be accounted for under PBE IPSAS 9. PBE IPSAS 28 Financial Instruments: Presentation. PBE IPSAS 23 – This version is effective for reporting periods beginning on or after 1 Jan 2021 (early adoption permitted) Date of issue: Sep 2014 Date compiled to: 31 Jan 2020 (excludes PBE IFRS 9 and PBE IPSAS 41) Download. 0000006782 00000 n 0000053878 00000 n NZ IAS 16, paragraph 23 (PBE IPSAS 17, paragraph 37) clarifies that ‘cost’ of an item of PPE is the ‘cash price equivalent’ at initial recognition, with the difference being recognised as interest expense over the credit period (or capitalised under NZ IAS 23 (PBE IPSAS 5)). IPSAS 23 (Revenue from Non-Exchange Transactions) UN-2. This Standard does not deal with revenue arising from non-exchange transactions. However, New Zealand is currently considering proposals to have two sets of accounting standards: one set to be applied by entities with a for-profit objective; and another set to be applied by entities with a public benefit … 0000055085 00000 n Disclosure is encouraged but not required and therefore represents best practice Any reference to ‘IAS’, ‘IFRS’, ‘IFRIC’ etc. PBE IPSAS 23.7): Exchange transactions are transactions in which one entity receives assets or services, or has liabilities extinguished, and directly gives approximately equal value (primarily in the form of cash, goods, services, or use of assets) to another entity in exchange. Accordingly, this Standard neither prohibits nor requires capitalization of the costs recognized when a provision is made. CURRENT EDITION. PBE IPSAS 30 Financial Instruments: Disclosures. 0000011207 00000 n startxref 0000054866 00000 n 0000065142 00000 n PBE IPSAS 23: Revenue from Non-Exchange Transactions: PBE IPSAS 25: Employee Benefits: PBE IPSAS 26: Impairment of Cash-Generating Assets: PBE IPSAS 27: Agriculture: PBE IPSAS 28: Financial Instruments - Presentation: PBE IPSAS 29 : Financial Instruments - Recognition and Measurement : PBE IPSAS 30: Financial Instruments - Disclosures: PBE IPSAS 31: Intangible Assets: PBE IPSAS 32: … 0000053493 00000 n Review of Simple Format Reporting Standards, Recent history of our Accounting Standards' Frameworks, Targeted Review of the Accounting Standards Framework, Convergence with international auditing & assurance standards, Frequently Asked Questions Tier 3 & 4 (NFP), Frequently Asked Questions Tier 1 & 2 (NFP), Description of the auditor's responsibilities, Guidelines for External Participants in XRB Online Meetings. IPSAS 23: Erlöse aus Geschäftsvorfällen ohne Gegenleistung (Steuern und Transfers) n/a: IPSAS 24: Ausweis von Budgetinformationen im Abschluss. 0000054921 00000 n 0000006940 00000 n IPSAS 23 required to be consumed by the recipient as specified or future economic benefits or service potential must be returned to the transferor. MoH population-based revenue: The DHB receives annual funding from the MoH, which is based on population levels within the Te Motu DHB region. pdf. December 10, 2020. PBE IPSAS 11 Construction Contracts 23 PBE IPSAS 12 Inventories 24 PBE IPSAS 13 Leases 25 PBE IPSAS 14 Events After the Reporting Date 27 PBE IPSAS 16 Investment Property 28 PBE IPSAS 17 Property, Plant and Equipment 30 Contents. External Reporting Board. 0000007884 00000 n All entities will need to assess the impact of these amendments and ensure that relevant policies and functionalities … Current | English. 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