Many governments around the world are extending the information provided by transitional cash-based accounting with accrual-accounting information in accordance with IPSAS or similar standards. This four-day workshop will impact the practical guide of IPSAS for public sector Accountants.

Content

Accounting Policies, Changes in Accounting Estimating and Errors

• Changes in accounting estimates
• Changes in accounting policies
• Correction of fundamental errors
• Extraordinary items
• Items requiring separate financial statement disclosure.

Impairment of Cash-Generating and Non-Cash- Generating Assets

• Impairment Identification
• Recognition and Measurement
• Impairment reversals
• Disclosure requirements
• Cash-generating items

Inventories

• Public sector entity inventories
• Inventories held for sale.
• Inventories held or distribution.

Financial Instruments

• Financial assets, liabilities, or equity classification
• Off-balance sheet instruments
• On-balance sheet instruments

Segment Reporting and Related Party

• Identification of related parties
• Disclosure requirements
• Distinguishable Activities

Practical Guide for Accountants

• Role of Accountants
• IPSAS Guidelines for Accountants
• Recent development and changes

Disclosure of Financial Information about the General Government Sector

• Disclosure Requirements

For Whom:

All Accountants and Auditors in the Public Sector.

Training Methodology

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.