Exemptions Resulting from the International Public Sector Accounting Standards (IPSAS) and European Standards for Intangible Investment, Inventories and Personnel Expenditures in Public Entities
Simultaneously with the globalization of economies, it was necessary the adoption and implementation of international accounting standards for the public sector also. In 1996 a set of accounting standards for public sector entities was developed, namely International Public Sector Accounting Standar...
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| Format: | Article |
| Language: | English |
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Sciendo
2019-12-01
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| Series: | Scientific Bulletin |
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| Online Access: | https://doi.org/10.2478/bsaft-2019-0014 |
| _version_ | 1811272778472488960 |
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| author | Enache Corina |
| author_facet | Enache Corina |
| author_sort | Enache Corina |
| collection | DOAJ |
| description | Simultaneously with the globalization of economies, it was necessary the adoption and implementation of international accounting standards for the public sector also. In 1996 a set of accounting standards for public sector entities was developed, namely International Public Sector Accounting Standards (IPSAS). After 31st July 1998, 32 IPSAS standards, mostly inspired by IASs, centered on model and engagement-based accounting, were issued. IPSAS 1 – Presentation of financial statements relating to the place of intangible assets, inventories and personnel expenses in the content and format of the financial statements is applied to all general purpose financial statements realized under accrual accounting. The IPSAS 12 – Inventory objective is to state the stock accounting treatment. The IPSAS 25 objective – Employee benefits is to state the employee benefits from an accounting perspective. |
| first_indexed | 2024-04-12T22:46:29Z |
| format | Article |
| id | doaj.art-dce69647497847ea8aa5cc4b238fe6ad |
| institution | Directory Open Access Journal |
| issn | 1224-5178 2451-3148 |
| language | English |
| last_indexed | 2024-04-12T22:46:29Z |
| publishDate | 2019-12-01 |
| publisher | Sciendo |
| record_format | Article |
| series | Scientific Bulletin |
| spelling | doaj.art-dce69647497847ea8aa5cc4b238fe6ad2022-12-22T03:13:32ZengSciendoScientific Bulletin1224-51782451-31482019-12-0124212413010.2478/bsaft-2019-0014bsaft-2019-0014Exemptions Resulting from the International Public Sector Accounting Standards (IPSAS) and European Standards for Intangible Investment, Inventories and Personnel Expenditures in Public EntitiesEnache Corina0“Carol I” National Defense University, Bucharest, RomaniaSimultaneously with the globalization of economies, it was necessary the adoption and implementation of international accounting standards for the public sector also. In 1996 a set of accounting standards for public sector entities was developed, namely International Public Sector Accounting Standards (IPSAS). After 31st July 1998, 32 IPSAS standards, mostly inspired by IASs, centered on model and engagement-based accounting, were issued. IPSAS 1 – Presentation of financial statements relating to the place of intangible assets, inventories and personnel expenses in the content and format of the financial statements is applied to all general purpose financial statements realized under accrual accounting. The IPSAS 12 – Inventory objective is to state the stock accounting treatment. The IPSAS 25 objective – Employee benefits is to state the employee benefits from an accounting perspective.https://doi.org/10.2478/bsaft-2019-0014international public sector accounting standardsintangible assetsstockshuman resources expenditures |
| spellingShingle | Enache Corina Exemptions Resulting from the International Public Sector Accounting Standards (IPSAS) and European Standards for Intangible Investment, Inventories and Personnel Expenditures in Public Entities Scientific Bulletin international public sector accounting standards intangible assets stocks human resources expenditures |
| title | Exemptions Resulting from the International Public Sector Accounting Standards (IPSAS) and European Standards for Intangible Investment, Inventories and Personnel Expenditures in Public Entities |
| title_full | Exemptions Resulting from the International Public Sector Accounting Standards (IPSAS) and European Standards for Intangible Investment, Inventories and Personnel Expenditures in Public Entities |
| title_fullStr | Exemptions Resulting from the International Public Sector Accounting Standards (IPSAS) and European Standards for Intangible Investment, Inventories and Personnel Expenditures in Public Entities |
| title_full_unstemmed | Exemptions Resulting from the International Public Sector Accounting Standards (IPSAS) and European Standards for Intangible Investment, Inventories and Personnel Expenditures in Public Entities |
| title_short | Exemptions Resulting from the International Public Sector Accounting Standards (IPSAS) and European Standards for Intangible Investment, Inventories and Personnel Expenditures in Public Entities |
| title_sort | exemptions resulting from the international public sector accounting standards ipsas and european standards for intangible investment inventories and personnel expenditures in public entities |
| topic | international public sector accounting standards intangible assets stocks human resources expenditures |
| url | https://doi.org/10.2478/bsaft-2019-0014 |
| work_keys_str_mv | AT enachecorina exemptionsresultingfromtheinternationalpublicsectoraccountingstandardsipsasandeuropeanstandardsforintangibleinvestmentinventoriesandpersonnelexpendituresinpublicentities |