TANDARDS

IPSAS vs IAS IPSAS	Description	IAS/IFRS	Description
1		Presentation of Financial Statements
2		Cash Flow Statements
12		Inventories
17		Property, Plant & Equipment
33		First-time adoption of Accrual Basis IPSASs

1. Identify/find the corresponding IAS/IFRSs for the IPSASs listed in the table above.

2. Write on at least 3 similarities and 3 differences between the respective standards.