Public sector assets are assets that are owned or occupied by government or government entity quasi with the goal to provide goods or services to the public. Principles that apply to public sector assets, the assessment can be compared with other asset assessment.
Rating assets in the public sector can be made for various purposes, including financial reporting, planning privatization, the loans, bonds and analysis of economic benefit or cost (cost benefit) is the government or government entity quasi well to determine whether the public sector assets are used and managed efficiently or can determine the right price for the purposes of the government monopoly.
Rating assets in the public sector can be made for various purposes, including financial reporting, planning privatization, the loans, bonds and analysis of economic benefit or cost (cost benefit) is the government or government entity quasi well to determine whether the public sector assets are used and managed efficiently or can determine the right price for the purposes of the government monopoly.
International Federation of Accountants Public Sector / International Public Sector Accounting Standards Board (IPSASB) to set accounting standards for public sector or entity that is known as International Public Sector Accounting Standards (IPSAS). IPSAS applied to the accrual accounting basis, based on International Financial Reporting Standards (IFRS), issued by the International Accounting Standards Board (IASB). IPSAS include matters related to financial reporting in the public sector, which are not regulated by IFRS. In accounting standards for public sector entities have been set in the Government Accounting Standard (SAP), but not entirely refer to IPSAS.
PPI in general manage the implementation of the assessment related accounting principles in the context of IFRSs. Because the settings in IPSASs and IFRSs are analogous, PPI repeat back some of this content of PPI than 1 is also set to assess the needs of specific assets and treatment in the public sector in financial reporting.
Property in the public sector such as properties of the income and property that does not generate the income and assets also include special properties including the historic assets, protected assets, assets, infrastructure, public buildings, assets and for the public asset - recreational assets. As the private sector assets, assets in the public sector can be grouped in non-operational and operational. Non-operational assets include excessive investment and asset.
