This chapter sets forth the IPSAS content by reviewing relevant norms. The
hierarchy of IPSASB announcements and the set of IPSAS financial statements
are briefly explained. Still, the focus of this chapter is on selected
IPSAS referring to specific balance sheet items, namely property, plant and
equipment (IPSAS 17, 21, 26), revenue from non-exchange transactions
with the related recoverables (IPSAS 23) and service concessions and
the related assets and liabilities (IPSAS 32). Each standard is summarized
in brief and for each accounting field, definition, initial recognition and
subsequent measurement is introduced.