International Public Sector Accounting Standards Course – Accrual Basis

The course provides an overview of the most important requirements for preparing financial statements and disclosures under accrual based IPSAS. The IPSAS accounting and disclosure requirements are explained in clear, simple language and illustrated with model financial statements and real-world examples. Application of the various standards is illustrated using short case studies.

Learning Outcomes

Understand the requirements in terms of content and format for the statement of financial position, the statement of financial performance, the statement of changes in net assets/equity, and the statement of cash flows.

Appreciate the requirements in terms of content and format for; the statement of financial position, the statement of financial performance, the statement of changes in net assets/equity, and the statement of cash flows.

Understand all key accrual accounting concepts, as well as key IPSAS recognition, measurement, presentation and disclosure requirements.

Learn how IPSAS are used/applied in real-life IPSAS financial statements.

Understand how the application of IPSAS can impact your organization/entity.

Grasp the practical implications and challenges of an IPSAS conversion project.

Course Outline

• What are the requirements in terms of content and format for; the statement of financial position, the statement of financial performance, the statement of changes in net assets/equity, and the statement of cash flows?
• What are the key accrual accounting concepts, as well as key IPSAS recognition, measurement, presentation and disclosure requirements?
• How IPSAS are used in real-life IPSAS financial statements?
• How can the application of IPSAS impact your organization?
• What are the practical implications and challenges of an IPSAS conversion project?

Who Should Attend

• Participants who require a high-level overview and awareness of the core IPSAS accruals-based standards including:
• Finance and accounting managers of public sector entities considering adopting IPSAS
• Government officials and project managers responsible for IPSAS transition
• Accountants and finance staff of public sector entities and similar agencies (e.g. UN) in the process of adopting IPSAS
• Accountants and finance staff moving from private to public sector environments
• Operations mangers of public entities needing an awareness of public sector financial reporting
• Internal auditors of entities that have adopted IPSAS or are in the process of doing so
• Accounting practitioners, consultants and external auditors
• Analysts of public sector entities

Methodology

The IPSAS workshop course will combine presentations with interactive practical exercises, supported by video materials, activities and case studies where applicable. Participants will be encouraged to participate actively in relating the principles of IPSAS to the needs of their workplace.