INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS): FUNDAMENTALS OF ACCRUAL BASIS

Introduction to IPSAS
• Overview of IPSAS
• Objectives and benefits of IPSAS
• Accrual basis vs. cash basis accounting
Conceptual Framework for IPSAS
• Objectives of financial reporting
• Qualitative characteristics of financial information
• Elements of financial statements
IPSAS 1: Presentation of Financial Statements
• Structure and content of 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 2: Cash Flow Statements
• Classification of cash flows
• Direct and indirect methods of preparing cash flow statements
• Reconciliation of surplus or deficit to net cash flows from operating activities
IPSAS 3: Accounting Policies, Changes in Accounting Estimates and Errors
• Selection and application of accounting policies
• Changes in accounting policies and estimates
• Correction of prior period errors
IPSAS 4: The Effects of Changes in Foreign Exchange Rates
• Functional and presentation currencies
• Reporting foreign currency transactions
• Translation of financial statements into a presentation currency
IPSAS 5: Borrowing Costs
• Recognition of borrowing costs as an expense or asset
• Capitalization of borrowing costs
• Disclosure requirements
IPSAS 9: Revenue from Exchange Transactions
• Identification of exchange transactions
• Recognition and measurement of revenue from exchange transactions
• Disclosure requirements
IPSAS 12: Inventories
• Definition and classification of inventories
• Cost of inventories
• Net realizable value and write-downs
• Disclosure requirements
IPSAS 17: Property, Plant and Equipment
• Recognition and measurement of property, plant and equipment
• Depreciation and impairment
• Disclosure requirements

1ST BATCH: Tuesday, April 14, 2026 — Friday, April 17, 2026.

2ND BATCH: Tuesday, August 4, 2026 — Friday, August 7, 2026.

3RD BATCH: Tuesday, December 1, 2026 — Friday, December 4, 2026.

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.