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Question 13. What is the main accounting issue in IPSAS 32 'Service concession arrangements: grantor'? a- How the grantor is to recognize revenue b- Whether

Question 13. What is the main accounting issue in IPSAS 32 'Service concession arrangements: grantor'?

a- How the grantor is to recognize revenue

b- Whether the grantor is to recognize a service concession liability

c- Whether the grantor should recognize a service concession asset

d- When the grantor is to recognize expenses under the service concession

Question 14. Which of the below is not a potential benefit from adopting accrual based IPSAS?

Brands that are purchased may be capitalised under IPSAS 31 Intangible assets is not a potential benefit from adopting accrual based IPSAS.

a- Strengthened transparency

b- Consistent and comparable financial information

c- Comprehensive cost information

d- Better understanding of the cash balance of the public sector entity

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