Accounting Guidance on Public Service Concession Arrangements Terminable Without Compensation
Details of the inquiry and the accounting guidance for dealing with public service concession arrangements that are terminable without compensation.
The Standards Committee of the Egyptian Society of Accountants & Auditors (ESAA) received an accounting inquiry regarding the conditions for applying Accounting Interpretation No. (1), "Service Concession Arrangements," when these arrangements are terminable without compensation by any party to the arrangements.
The following are the details of the inquiry and the accounting guidance for dealing with this type of arrangement.