Book description
Global diversity in the practice of public sector accounting continues
to impede the reduction of bureaucracy and the creation of comparable
standards in terms of accountability and transparency. The International
Public Sector Accounting Standards Board (IPSASB) continues to engage in
the ongoing process of harmonizing public sector accounting with their
International Public Sector Accounting Standards (IPSASs).
IPSAS Explained: A Summary of International Public Sector
Accounting Standards, Second Edition provides up to date
information on the Conceptual Framework Project and other projects
related to IPSASs, along with details of all the current IPSASs,
including newly approved standards of the Board, especially those
relating to financial instruments, intangible assets and service
concession arrangements from a grantor perspective. Each IPSAS is
distilled into a useful and accessible summary, and illustrated with
graphs, figures and tables. Beyond that the book focuses on the
current sovereign debt crisis and discusses possible implications for
public sector financial management.
Through an examination of the objectives of the standards and an
overview of the principles relevant to key topics such as the accrual
basis of accounting as against cash basis, fair value, present value,
cost, and measurement bases, IPSAS Explained provides
decision-makers in the public sector with a thorough grounding on the
IPSASs and the operations of the IPSASB.
Thomas Müller-Marqués Berger
(Stuttgart, Germany) is a partner at Ernst & Young GmbH and
currently serves as the firm's Global Leader of International Public
Sector Accounting.
Thomas has been a member of the International Public Sector Accounting
Standards Board (IPSASB) since January 2009, with his term recently
being renewed until the end of 2014. Before joining the IPSASB, he was a
member of the IFAC Public Sector Steering Committee on Social Policy
Obligations, a subgroup of the IPSASB, during 2003 and 2004.
He has also been a member of the FEE Public Sector Committee (European
Federation of Chartered Accountants) since 2003, and was appointed Chair
in January 2012. At a national level, he has been a member of the German
Public Sector Committee at the German Institute of Chartered Accountants
(Institut der Wirtschaftsprüfer in Deutschland (IDW)) for almost 10
years.
