Interpretation and Application of IPSAS

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IPSAS 15— (withdrawn)4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 ...