International Public Sector Accounting Standards (IPSAS) for Accountants and Auditors

OBJECTIVE:
• Impact on financial processes and systems
• How to formulate a documented action plan
• The Technical Bases
• Links and implications to and for broader strategies: Financial Management, Taxation, Asset Management, Governance and accountability
• The Standards
• Financial reporting
• Satisfying donor & stakeholder requirements
• Implications for Internal and External Audit
• How to manage substantial financial resources
• How to develop skills to aid implementation, capacity development, benefits realization and risk management plans

CONTENT:
Introduction to IPSAS
• Introduction
• The Conceptual Basis of Government Accounting
• Reporting on the full cash basis (IPSAS statement: Financial Reporting under the Cash Basis of Accounting)
• Progress towards accrual accounting
• Financial reporting
• Auditing

Specific IPSAS Rules
• Payables & Expenses
• Inventories
• Intangible Assets
• Provisions, Contingent Liabilities and Contingent Assets
• Pre-Financing
• Cash Basis
• Accrual Basis
• Interpretation of GPFS
• The Impact of IPSAS on auditors and internal control system
• The Role of ICT

Why the need for IPSAS
• Why IPSAS
• Stewardship
• Public sector Accounting
• Introduction to IPSAS standards
• Accrual vs Cash accounting

Implementation of IPSAS
• Transition from Cash to Accrual Accounting by Governments
• IPSAS IMPLEMENTATION – ISSUES AND IMPACT
• The Standards
• The Unified chart of accounts
• Budgeting with IPSAS
• Benefits of adopting IPSAS
• Financial statements
• Revenues & Receivables

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:        4th – 7th Feb,                    2025      

2ND BATCH:       9th – 11th June,                 2025
3RDBATCH:        21st – 24th Oct,                 2025