IPSAS - Revenues and Expenses (online)

Course code: 3904e


This module will cover revenue and expense recognition under IPSAS. Public sector entities can derive revenue from exchange and non-exchange transactions (see figure below). IPSAS 9 Revenue from Exchange Transactions is the current standard to be applied when determining how and when revenue should be recognized for exchange transactions. IPSAS 9 sets the principles for the recognition of revenue arising from the sale of goods and the rendering of services. IPSAS 23 Revenue from Non-Exchange Transactions (taxes and transfers) prescribes the requirements for accounting and reporting for revenue arising from non-exchange transactions. Common sources of non-exchange revenue in the public sector include taxes and transfers. The difference between exchange and non-exchange transactions is the substance rather than the form of the transaction. It should also be noted that within the public sector revenue transactions can include both exchange and non-exchange components. IPSAS 11 on Construction Contracts sets out the principles for the recognition of revenue arising from long-term construction contracts. In order to cover the accounting for revenue generating transactions this chapter will include IPSAS 23, IPSAS 9, and IPSAS 11.

This module answers questions such as:

  • What is the difference between exchange and non-exchange revenue?
  • How to classify transactions as exchange or non-exchange revenue?
  • How to comprehend the recognition and measurement of both exchange and non-exchange revenues?
  • What are the disclosure requirements for revenues?
  • How to understand expense recognition under IPSAS?

IASeminars IPSAS Online courses


  • IPSAS 23 Revenue from Non-Exchange Transactions (Taxes and Transfers)
    • Nature of non-exchange transactions and scope of standard
    • Distinguishing contributions direct to net assets from transactions that are of a revenue nature
    • Transactions that include both exchange and non-exchange elements
    • General principles; when to recognise assets in relation to non-exchange revenues and should the credit entry be recognised as a liability or revenue?
    • Distinguishing between restrictions and conditions; practical applications
    • Recognition and measurement of tax revenue; practical applications
    • Recognition of revenue from specific types of transfers
    • Recognition of donated services; distinguishing services receivable from goods, whether or not to recognize them
    • Required presentation and disclosure of non-exchange revenue
    • Optional transitional requirements for first time adopters
  • IPSAS 9 Revenue from Exchange Transactions
    • Nature and frequency of exchange transactions in the public sector
    • Identifying exchange transactions
    • Accounting principles
    • Specific accounting treatments
    • Disclosures
  • IPSAS 11 (Revenue from) Construction Contracts
    • Identifying entities and transactions within the scope of IPSAS 11
    • Measuring revenue by stage of completion; revenue and profit recognition
    • Accounting principles; recognition and measurement of contract assets and contract liabilities
    • Accounting for variations
    • Presentation and disclosure

Teaching method

This is a self-study online module and usually takes 1-3 hours to complete. It includes interactive lessons, a case study, practice and final exams and, on passing the final exam you, will be awarded a CPE certificate.

All course content may be accessed through any device: desktop, laptop, tablet or smartphone so you can learn whenever and wherever you wish.

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Understanding of basic accounting principles based on any national standards in the public sector. No advance preparation is required for this course.

Course benefits

  • Learn the definition exchange and non-exchange transaction transactions
  • Understand the key sources of non-exchange revenue: taxes and transfers
  • Appreciate the measurement f exchange and non-exchange revenue
  • Understand how to identify entities and transactions within the scope of IPSAS 11 on construction contracts
  • Appreciate the measuring construction contracts revenue by stage of completion; revenue and profit recognition
  • Learn the accounting principles; recognition and measurement of contract assets and contract liabilities
  • Appreciate the key disclosure requirements for non-exchange and exchange revenue as well as construction contracts

Who should attend?

Participants who require a high level overview and awareness of the core IPSAS accruals based standards including:

  • Finance and accounting managers of public sector entities considering to adopt IPSAS
  • Government officials and project managers responsible for IPSAS transition
  • Accountants and finance staff of public sector entities and similar agencies (e.g. UN) in the process of adopting IPSAS
  • Accountants and finance staff moving from private to public sector environments
  • Operations mangers of public entities needing an awareness of public sector financial reporting
  • Internal auditors of entities that have adopted IPSAS or are in the process of doing so
  • Accounting practitioners, consultants and external auditors
  • Analysts of public sector entities


  • Our eLearning courses are designed to allow online interaction with our expert instructors, while covering the same content as our highly popular live training courses.


  • Self Study

    This module is designed as a self-study course and is not supported by an instructor. If you prefer instructor led online training you should choose our Course 3030e: IPSAS (Accrual Basis) - Basics online course.

In House

To bring this course in-house please contact us and we will be pleased to assist

Course details

Course schedule

Select a start date for more details

2 Jan 2018 Online

Course level:
Start date:
2 Jan 2018
Finish date:
31 Jan 2018
GBP 99
Subject to Sales tax for all course purchases made in the UK, and Canada. (Read more)
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