IPSAS 48 - Transfer expenses

CPD hours:  1

IPSAS 48 – Transfer Expenses provides guidance on the recognition, measurement, and disclosure of expenses incurred by public sector entities when transferring resources to other parties, such as individuals, organisations, or other governments. It complements IPSAS 47 – Revenue, ensuring consistent accounting for transactions from the perspective of the transferring entity.

The standard aims to ensure that transfer expenses are recognised in a way that reflects when and how the entity satisfies its obligations to provide resources. This enhances the transparency, accountability, and comparability of financial statements by clearly showing when expenses related to grants, subsidies, or social benefits arise.

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