Guideline on Accounting for Public Private Partnerships

Year Published 2008
Business unit: Transaction Advisory Services (TAS) & PPP
Resource type: Manual
File type: PDF
Theme(s): Economic Development, Public Private Partnerships, Trade & Industry


This guideline by the Accounting Standards Board outlines the Board’s views on accounting for public-private partnership (PPP) agreements by a public sector entity (entity) in terms of the accrual basis of accounting. The guideline incorporates principles in the relevant Standards of GRAP.This guideline illustrates the proposed accounting by an entity that is the grantor under the PPP agreement. The operator in a PPP agreement, whether a public sector entity or a private sector entity, should consider IFRIC 12 Service Concession Arrangements, that was issued by the International Financial Reporting Interpretations Committee (IFRIC) in November 2006.

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