Interpretation and Application of IPSAS Course

OBJECTIVE
Upon completion of this course, you will be able to understand:
 The role and history of IPSASB.
 The scope of accrual-based IPSAS.
 What is prescribed in the suite of IPSAS for accrual basis accounting.
 The options accrual-based IPSAS provides for the measurement and recognition for each of the standards.
 Some of the key practical implementation issues when preparing IPSAS-compliant financial statements.
 The options that are provided within IPSAS when determining key accounting policy issues.
 What is prescribed in cash-basis IPSAS.
 How to prepare a transition to cash-basis IPSAS or to accrual-based IPSAS.

CONTENT
Introducing Public Sector Accounting
 IPSAS and public sector entities
 Why converge public sector accounting practices?
 The International Public Sector Accounting Standards Board (IPSASB)
Accrual-based IPSAS: Part 1
 The IPSASB conceptual framework and key accrual accounting concepts
 Financial statements
 Disclosure standards
 Long-term (non-current assets)
 Current assets
 Service concession arrangements: grantor
 Leases and leasing arrangements

Accrual-based IPSAS: Part 2
 Revenues and expenses
 Employee benefits, social benefits, and other liabilities
 Provisions and contingencies
 Budget reporting
 Financial instruments
 Consolidations and strategic investments
 Specific standards: accounting for agriculture and accounting in hyperinflation economies
 Recommended practice guidelines
Cash-based IPSAS
 Content part 1 cash basis IPSAS
 Examples of use of cash basis IPSAS
 Content part 2 cash basis IPSAS
Making the Transition to IPSAS
 Project management perspective
 What is the starting point for transition?
 Different paths of IPSAS adoption
 First-time adoption of accrual basis IPSAS

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: 25th – 28th Mar, 2025
2ND BATCH: 29th July – 1st Aug, 2025
3RD BATCH: 25th- 28th Nov, 2025