International Public Sector Accounting Standards (IPSAS) Training Courses -

International Public Sector Accounting Standards (IPSAS)

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Why Attend

In a world of increasing transparency, there is a growing pressure being placed upon the public sector to standardize financial accounting. Standards adopted are the basis for the ‘new world’ of public reporting – creating greater confidence that public money is being handled effectively.

The aim of this course is for participants to understand IPSAS and the framework for public sector accounting. This course provides an overview of the most important requirements for preparing financial statements and disclosures under IPSAS.

Course Methodology

Training sessions will actively and frequently involve delegates in practical exercises, case study analysis and discussions, assisted by carefully selected multi-media contributions from field leading experts. This will facilitate the development of analytical, evaluation, communication, team and leadership skills through self-directed discovery, peer assisted education and reflective learning.

Course Objectives

By the end of the course, participants will be able to:

Identify how IPSAS will fit with their organization
Comprehend the core IPSAS values
Explain the key differences in the new standards
Recognize what compliant statements will look like
Deploy key strategies for migration to IPSAS standards
Set clear steps towards implementation
Adopt IPSAS disclosure requirements, including accounting policies

Target Audience

Public and private sector finance and accounting professionals, or managers seeking to develop their understanding of the public sector accounting methods including: professionals who have a responsibility for auditing or working with public sector organizations; corporate governance directors; internal auditors; corporate compliance officials; and board level members who wish to develop their understanding of IPSAS.

Target Competencies

Implementing IPSAS standards
Producing financial statements
IPSAS Strategies
International Accounting Standards (IAS)
Generally Accepted Accounting Principles (GAAP)

2019 - Location & Date

5 Days Course

No Schedules!
Please Contact Us if you have any queries..

Schedule for Me

2020 - Location & Date

5 Days Course

No Schedules!
Please Contact Us if you have any queries..

Schedule for Me

Fees

Per participant - 2020

USD 4,800

Fees + VAT as applicable

Tax Registration Number : 100239834300003

(including coffee breaks and a buffet lunch daily)

Discount Plans & Cancellations Policy

Course Outline

Introduction, principles and development
- Background into financial accounting
- Importance of standards
- Economic drivers
- Key principles of Global Accounting Standards
- The development of Global Accounting Standards
- Underlying financial principles
- Disclosure and transparency aspects
Other general Standards
- International Accounting Standards (IAS)
- Generally Accepted Accounting Principles (GAAP)
- The current global adoption of Global Accounting Standards
Key organizational benefits
- Domestic best practice
- Global best practice
Effective implementation strategy
- The strategic planning process roadmap
- Mapping regional standards to Global Accounting Standards
- Resource planning
Migration to IPSAS
- Scoping dual reporting
- Financial function migration
  - Phasing and specific functional challenges
- Strategy sense checks
The IPSAS Standards
- Review of current IPSAS Standards
- The correct application of individual IPSAS Standards
- Overcoming key challenges
- Obtaining guidance and support from International Federation of Accountants
IPSAS compliant financial statements
- Key IPSAS requirements within financial statements
- Producing the statement of financial position
- Producing the statement of financial performance
- Producing the cash flow statement
- Reporting changes in net asset position
- Producing compliant notes to the accounts

Accounting and Finance

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