LIST OF IPSAS WITH CORRESPONDING IFRS
FULL LISTING OF ALL IPSAS AND IFRS “EQUIVALENT” AS AT 2 MARCH 2015
| IPSAS | IFRS “equivalent” (if applicable) |
| IPSAS 1—Presentation of Financial Statements | IAS 1 |
| IPSAS 2—Cash Flow Statements | IAS 7 |
| IPSAS 3—Accounting Policies, Changes in Accounting Estimates and Errors | IAS 8 |
| IPSAS 4—The Effects of Changes in Foreign Exchange Rates | IAS 21 |
| IPSAS 5—Borrowing Costs | IAS 23 |
IPSAS 6—Consolidated and Separate Financial Statements1 |
IAS 27 (replaced) |
IPSAS 7—Investments in Associates2 |
IAS 28 (replaced) |
IPSAS 8—Interests in Joint Ventures3 |
IAS 31 (replaced) |
| IPSAS 9—Revenue from Exchange Transactions | IAS 18 |
| IPSAS 10—Financial Reporting in Hyperinflationary Economies | IAS 29 |
| IPSAS 11—Construction Contracts | IAS 11 |
| IPSAS 12—Inventories | IAS 2 |
| IPSAS 13—Leases | IAS 17 |
| IPSAS 14—Events after the Reporting Date | IAS 10 |
IPSAS 15— (withdrawn)4 |
|
| IPSAS 16—Investment Property | IAS 40 |
| IPSAS 17—Property, Plant, and Equipment | IAS 16 |
| IPSAS 18—Segment Reporting | IAS 14 (replaced) |
| IPSAS 19—Provisions, Contingent Liabilities and Contingent Assets | IAS 37 |
| IPSAS 20—Related Party Disclosures | IAS 24 |
| IPSAS 21—Impairment of Non-Cash-Generating Assets | N/A5 |
| IPSAS 22—Disclosure of Information about the General Government Sector | N/A |
| IPSAS 23—Revenue from Non-Exchange Transactions (Taxes and Transfers) | N/A |
| IPSAS 24—Presentation of Budget Information in Financial Statements | N/A |
| IPSAS 25—Employee Benefits | IAS 19 |
| IPSAS 26—Impairment of Cash-Generating Assets | IAS 36 |
| IPSAS 27—Agriculture | IAS 41 |
| IPSAS 28—Financial Instruments: Presentation | IAS 32 |
| IPSAS 29—Financial Instruments: Recognition and Measurement | IAS 39 |
| IPSAS 30—Financial Instruments: Disclosures | IFRS 7 |
| IPSAS 31—Intangible Assets | IAS 38 |
| IPSAS 32—Service Concession Arrangements: grantor | N/A |
IPSAS 33—First-Time Adoption of Accrual Basis IPSASs An entity shall apply those amendments for annual financial statements covering periods beginning on or after 1 January 2017. Earlier application is permitted. If an entity applies IPSAS 33 for a period beginning before 1 January 2017, the amendments shall also be applied for that earlier period. |
IFRS 1 |
IPSAS 34—Separate Financial Statements An entity shall apply this Standard for annual financial statements covering periods beginning on or after 1 January 2017. Earlier application is encouraged. If an entity applies this Standard for a period beginning before 1 January 2017, it shall disclose that fact and apply IPSAS 35, IPSAS 36, IPSAS 37, and IPSAS 38 at the same time. |
IAS 27 (2011) |
IPSAS 35—Consolidated Financial Statements An entity shall apply this Standard for annual financial statements covering periods beginning on or after 1 January 2017. Earlier application is encouraged. If an entity applies this Standard for a period beginning before 1 January 2017, it shall disclose that fact and apply IPSAS 34, Separate Financial Statements, IPSAS 36, IPSAS 37, and IPSAS 38 at the same time. |
IFRS 10 |
IPSAS 36—Investments in Associates and Joint Ventures An entity shall apply this Standard for annual financial statements covering periods beginning on or after 1 January 2017. Earlier application is encouraged. If an entity applies this Standard for a period beginning before 1 January 2017, it shall disclose that fact and apply IPSAS 34, IPSAS 35, IPSAS 37, and IPSAS 38, Disclosure of Interests in Other Entities, at the same time. |
IAS 28 (2011) |
IPSAS 37—Joint Arrangements An entity shall apply this Standard for annual financial statements covering periods beginning on or after 1 January 2017. Earlier application is encouraged. If an entity applies this Standard for a period beginning before 1 January 2017, it shall disclose that fact and apply IPSAS 34, IPSAS 35, IPSAS 36, and IPSAS 38, Disclosure of Interests in Other Entities, at the same time. |
IFRS 11 |
IPSAS 38—Disclosure of Interests in Other Entities An entity shall apply this Standard for annual financial statements covering periods beginning on or after 1 January 2017. Earlier application is encouraged. |
IFRS 12 |