Approaches for Recognition of Public-Private Partnership Assets – Accounting Issues

Authors

  • Prof. Dr Maria Markova Department of Accounting and Analysis, Faculty of Economics of Infrastructure, UNWE Author

Keywords:

Public-private partnership, Lease, Concessions, Concept of control, Accounting
M41

Abstract

The concept of control is increasingly emerging as a basis for the recognition of assets and revenues. The author has attempted to analyze the impact of the implementation of this concept on the recognition of PPP assets.  The author comes to the conclusion that the classification of a lease or concession service is based on an in-depth analysis of a set of clauses in the PPP contract that classify the infrastructure either as a lease asset (IFRS16), or an intangible, respectively financial asset, in accordance with IFRIC Interpretation 12.

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Published

2020-05-23

Issue

No. 1 (2020)

Section

Articles

License

Copyright (c) 2020 Maria Markova (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors retain copyright to their works.

All publications are distributed under the terms of the Creative Commons Attribution 4.0 International (CC BY 4.0) license.

How to Cite

Markova, M. (2020). Approaches for Recognition of Public-Private Partnership Assets – Accounting Issues. Research Papers, 1, 125-135. https://bjiep.e-dnrs.org/index.php/rp/article/view/5398