Proposed accounting for revenue and non-exchange expenses

PBEs—both not-for-profit and public sector entities—often enter into transactions that require determining the appropriate accounting period for the recognition of revenue and non-exchange expenses—especially for funding arrangements that cover multiple accounting periods.

The International Public Sector Accounting Standards Board (IPSASB) has published a Consultation Paper, Accounting for Revenue and Non-Exchange Expenses, for comment.

We ran this webinar to raise awareness of and seek your feedback on the Consultation Paper.

The webinar covered:

• an overview of the Consultation Paper;
• application of the proposed revenue approaches to some examples;
• application of the proposed non-exchange expense approaches to some examples; and
• question and answer session.