Exposure Draft 71, Revenue without Performance Obligations

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The aim of Exposure Draft (ED) 71 is to develop a standard that provides recognition and measurement requirements for revenue transactions that do not have performance obligations. This ED is intended to update IPSAS 23, Revenue from Non-Exchange Transactions (Taxes and Transfers). This ED is part of a suite of three EDs that address how to account for revenue and transfer expenses, and should be read in conjunction with:

• ED 70, Revenue with Performance Obligations; and
• ED 72, Transfer Expenses

Please submit your comments by September 15, 2020.

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