The recognition and measurement of elements of accounting are matters of paramount importance requiring special attention both upon establishing the legislative bases and during their practical implementation. Following the enactment of the NAS new amendments, issues and uncertainties often emerge in the accounting practice related to the recognition and measurement of elements of accounting during the business process. Against this background, the Author aims to research the current issues concerning the recognition and measurement of assets, equity, liabilities, proceeds, costs, expenses under the terms and conditions of public-private partnership contracts.