INTENSIVE INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS) TRAINING

Course Objectives
• Understand the purpose and benefits of IPSAS
• Gain knowledge of the IPSAS framework and standards
• Learn how to apply IPSAS in the public sector
• Develop skills to prepare and analyze IPSAS-compliant financial statements
• Enhance understanding of IPSAS reporting requirements and best practices
Course Content
Introduction to IPSAS
• Overview of IPSAS
• Importance of IPSAS in the public sector
• Adoption and implementation of IPSAS
IPSAS Framework
• Conceptual framework for general purpose financial reporting by public sector entities
• Qualitative characteristics of financial reporting
• Reporting entity and reporting boundaries
IPSAS Standards
• IPSAS 1: Presentation of Financial Statements
• IPSAS 2: Cash Flow Statements
• IPSAS 3: Accounting Policies, Changes in Accounting Estimates and Errors
• IPSAS 4: The Effects of Changes in Foreign Exchange Rates
• IPSAS 5: Borrowing Costs
• IPSAS 6: Consolidated and Separate Financial Statements
• IPSAS 7: Investments in Associates
• IPSAS 8: Interests in Joint Ventures
• IPSAS 9: Revenue from Exchange Transactions
• IPSAS 10: Financial Reporting in Hyperinflationary Economies
• IPSAS 11: Construction Contracts
• IPSAS 12: Inventories
• IPSAS 13: Leases
• IPSAS 14: Events After the Reporting Date
• IPSAS 15: Financial Instruments: Disclosure and Presentation
• IPSAS 16: Investment Property
• IPSAS 17: Property, Plant, and Equipment
• IPSAS 18: Segment Reporting
• IPSAS 19: Provisions, Contingent Liabilities and Contingent Assets
• IPSAS 20: Related Party Disclosures
• IPSAS 21: Impairment of Non-Cash-Generating Assets
• IPSAS 22: Disclosure of Financial Information About the General Government Sector
• IPSAS 23: Revenue from Non-Exchange Transactions (Taxes and Transfers)
• IPSAS 24: Presentation of Budget Information in Financial Statements
• IPSAS 25: Employee Benefits
• IPSAS 26: Impairment of Cash-Generating Assets
• IPSAS 27: Agriculture
• IPSAS 28: Financial Instruments: Presentation
• IPSAS 29: Financial Instruments: Recognition and Measurement
• IPSAS 30: Financial Instruments: Disclosures
• IPSAS 31: Intangible Assets
• IPSAS 32: Service Concession Arrangements: Grantor
• IPSAS 33: First-time Adoption of Accrual Basis International Public Sector Accounting Standards (IPSASs)
• IPSAS 34: Separate Financial Statements
• IPSAS 35: Consolidated Financial Statements
• IPSAS 36: Investments in Associates and Joint Ventures
• IPSAS 37: Joint Arrangements
• IPSAS 38: Disclosure of Interests in Other Entities
• IPSAS 39: Employee Benefits
• IPSAS 40: Public Sector Combinations
Preparing IPSAS-Compliant Financial Statements
• Statement of Financial Position
• Statement of Financial Performance
• Statement of Changes in Net Assets/Equity
• Cash Flow Statement
• Notes to the Financial Statements
IPSAS Reporting Requirements and Best Practices
• Disclosure requirements
• Accounting policies and estimates
• Materiality and aggregation
• Comparative information
• Correction of errors and changes in accounting policies
Case Studies and Practical Exercises
• Applying IPSAS standards to real-world scenarios
• Analyzing and interpreting IPSAS-compliant financial statements
• Identifying and resolving IPSAS reporting issues

FOR WHOM:
Directors, Assistants Directors, Registrars, Cash Officers, Accounts Managers, Treasury officers, Credit Control Officers, Budget Officers, Banking Relationship Officers, Internal Auditors, and Officers involved in receiving and disbursing cash.

Methodology
The training methodology integrates lectures, interactive discussions, collaborative group exercises, and illustrative examples. Participants will acquire a blend of theoretical insights and hands-on practical experience, emphasizing the application of learned techniques. This approach ensures that attendees return to their professional environments equipped with both the competence and self-assurance to effectively implement the acquired skills in their responsibilities.

DATE:
1ST BATCH:        11th – 14th Mar,               2025      

2ND BATCH:       22nd – 25th July,              2025
3RDBATCH:        18th – 21th Nov,               2025