All the paragraphs have equal authority. PBE IPSAS 34-38 (relating to separate and consolidated financial statements, associates, joint ventures, joint arrangements and disclosure of interests in other entities), PBE IPSAS 39 Employee Benefits and new financial reporting amendments are already applicable for interim periods and financial years ending 31 December 2019. IPSAS 39 International Public Sector Accounting Standard 39, Employee Benefits, is set out in paragraphs 1–178. This Preface to the International Public Sector Accounting Standards (IPSASs) sets out the objectives of the International Public Sector Accounting Standards Board (IPSASB) and explains the scope and authority of the IPSASs. The standard IPSAS 39 Employee Benefits will replace IPSAS 25 Employee Benefits as from 1 January 2018. IPSAS 3, Accounting Policies, Changes in Accounting Estimates and Errors, provides a basis for selecting and applying accounting policies in the absence of explicit guidance. PBE IPSAS 39 Employee Benefits PBE IPSAS 39 Employee Benefits replaces the current standard on employee benefits, PBE IPSAS 25. IPSAS 26 should be read in the context of its objective, the Basis for Conclusions, and the Preface to International Public Sector Accounting Standards. 39 8.6 Transitional provisions ... this review, the High-level Committee concluded that International Public Sector Accounting Standards (IPSAS) represented international best practices for public The should be used a Preface All the paragraphs have equal authority. • Skop piawaian IPSAS 39 tidak berubah dengan MPSAS 25. PBE IPSAS 39 is based on IPSAS 39, which was issued by the IPSASB to update its standards for the amendments to IAS 19 made by the IASB during the 2011-2015 period. IAS 39 is far-reaching – its requirements extend to virtually every area of business. It addresses these Pensions: IPSAS 39, Employee Benefits • June 2016 – Approval of IPSAS 39 • Supersedes IPSAS 25 (2008), Employee Benefits • IPSAS 39 is drawn primarily from IAS 19 (2011), Employee Benefits • Effective date January 1, 2018, with earlier adoption encouraged • Includes public sector specific requirements on: It also requires companies to communicate their results in a new way. authority. IAS 39 brings greater transparency, in particular Its application may require changes to systems, processes and documentation and, in some cases, to the way companies view and manage risk. (International Public Sector Accounting Standards) 2 ContentContent Brief history on Accountability and Transparency IPSASs in general Development in The Netherlands ... IAS 39 Financial Instruments: Recognition and Measurement IAS 40 Investment Property IPSAS … IPSAS 391 should be read in the context of its objective. Introduction to International Public Sector Accounting Standards (IPSAS) The International Public Sector Accounting Standards Board (IPSASB) focuses on the accounting and ﬁ nancial reporting needs of national, regional and local governments, related governmental agencies, and the constituencies they serve. IPSAS 39 as adopted by the Maltese Government 4 International Public Sector Accounting Standard 39, Employee Benefits, as adopted by the Maltese Government, is set out in paragraphs 1–177A. IPSAS 39 should be read in the context of its objective, the Basis for Conclusions, the Preface to International Public Sector Accounting Standards, and the Conceptual Framework IPSAS 40 Public Sector Combinations shall apply … IPSAS 3, Accounting Policies, Changes in Accounting • Keperluan perakaunan untuk Manfaat Kakitangan Jangka Pendek, Pelan Caruman Dinyatakan (DCP), Lain-lain Manfaat Kakitangan Jangka Panjang dan Manfaat • Pindaan dalam IPSAS 39 adalah berkait dengan Pelan Manfaat Dinyatakan:- The new standard: PREFACE TO INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS Introduction 1.