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Like International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS) also play important role...

Like International Financial Reporting Standards (IFRS), International Public Sector Accounting Standards (IPSAS) also play important role to foster transparency and promote public trust. Applicable to public sector accounting and financial reporting, the IPSAS are, for the most part, based on the IFRS. It is expected that, by the time, IPSAS will be eventually converged with IFRS. This is to ensure that the financial reports generated by the private and the public sectors are comparable in terms of accounting for similar types of transactions.
Required:
In view of above and considering yourself as a Management Accountant, give a presentation on the above topic covering the following points:

 The brief numbers and names of IPSAS
 Comparison of Statement of Cash Flows under IAS 7 and IPSAS 2

Please just give me key points for presenation preprration..

Thanks

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ekkarill92 answered 1 year ago
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