Public vs Private Sector Accounting - IFRS vs IPSAS
Channel: Accounting Study Advice
Date: 2020-05-03

The Public Sector has it's own Financial Reporting Standards (IPSAS).
I chatted to Bruce Vivian about the difference between IPSAS and IFRS. It's a fairly entry-level discussion, so if you haven't really studied IFRS, you will still get value out the discussion. 
It's not highly technical. Our chat is intended to highlight the way that accounting serves the underlying purpose of the organisation and sector