Public Benefit Entity International Public Sector Accounting Standard 12

Inventories


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Prescribes the accounting treatment for inventories.

Applicable for reporting periods as indicated. Versions prior to the previous version can be found on the archive page.

  • PBE IPSAS 12 – This version is effective for reporting periods beginning on or after 1 Jan 2022 (early application permitted)

    Date of issue: Sept 2014

    Date compiled to: Jan 2021

    Download

    Additional materials

    IPSAS 12 IPSASB BC (Handbook of IPSAS Pronouncements)

    External Resource

Amendments

  • Stripping Costs in the Production Phase of a Surface Mine – Periods beginning on or after
    1 Jan 2027 (early adoption permitted)

    Date of issue: Jun 2026

    Download

    Additional materials

    Amendments to the Basis for Conclusions of PBE IPSAS 12

    Download

    IPSASB BC - Stripping Costs in the Production Phase of a Surface Mine

    External Resource

New version not yet mandatory

  • PBE IPSAS 12 Jan27 – This version is effective for reporting periods beginning on or after
    1 Jan 2027 (early adoption permitted)

    Date of issue: Sept 2014

    Date compiled to: Jun 2026

    Download

    Additional materials

    IPSAS 12 IPSASB BC (Handbook of IPSAS Pronouncements)

    External Resource

Previous versions

  • PBE IPSAS 12 – This version is effective for reporting periods beginning on or after
    1 Jan 2021 (early adoption permitted)

    Date of issue: Sept 2014

    Date compiled to: Jan 2020 (excludes PBE IFRS 9 and PBE IPSAS 41)

    Download

    Additional materials

    IPSAS 12 IPSASB BC (Handbook of IPSAS Pronouncements)

    External Resource

Standards and guidance