Loading content
IPSAS 41 · Financial instruments
IPSAS 41 brings expected credit loss requirements modelled on IFRS 9 into public sector reporting. Because the impairment mechanics are closely aligned, the platform runs IPSAS 41 as a framework option, with public sector scoping and terminology in the outputs.
Identify which receivables and financial assets fall under IPSAS 41. Scope differs from IFRS 9 in places, for example for receivables from non-exchange transactions, so this step is explicit and documented.
Apply the simplified or general approach per class of instrument, using the same mechanics as IFRS 9.
Incorporate reasonable, supportable information about future conditions, as under IFRS 9.
Produce outputs and disclosures using public sector terminology.
IFRS 9
IPSAS 41
We walk through the method, the assumptions and the outputs, and how they map to your balances.