Question
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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