INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS)
COURSE OVERVIEW
DURATION
DATE
20 – 24 Feb 05 – 9 June 04 – 8 Sept 20 – 24 Nov 2024
FEE
£4500
LOCATION
The Business Xchange Hub, Marco Polo House
3-5 Lansdowne Road, Croydon, Surrey, CR0 2BX United Kingdom
Course Objective:
There has been increasing pressure for governments around the world to be more accountable for their public budgets with governments and to produce accurate, meaningful and transparent financial statements. International Public Sector Accounting Standards (IPSAS) enable public entities to show clear accrual accounting and budgeting techniques and demonstrate results-based monitoring and reporting.
This workshop will provide the comprehensive understanding of applying IPSAS from the IASB’s IFRS standards to the framework of public bodies and enable delegates to increase transparency and develop a better system of performance/results measurement of costs and cost budgets. Though the use of case studies of all the major topics, delegates will gain a working knowledge of how to apply and adopt IPSAS to their organisation. We will conduct discussions on how to overcome the challenges faced by other entities in implementing IPSAS.
Who should attend
This course is highly beneficial to delegates who have a good knowledge of Accounting and finance principles and who are looking for best practice and structured ways of achieving leading edge strategic delivery both in planning and implementation of IPSAS.
This course can also be taken in
Accra: 12 – 16 Feb 29 May – 02 June 28 Aug – 01 Sept 20 – 24 Nov 2024
Dubai: 12 – 16 Feb 06 – 10 May 08 – 12 July 16 – 20 Sept 2024
Texas: On Request
Course Content:
- Conceptual framework for general purpose financial reporting by public sector entities
- In-depth Look at Key Standards: Hyperinflation, adjusting and non-adjusting events, disclosure requirements, investments reporting – equity/costs, interest in joint ventures
- Accounting and financial reporting for service concession arrangements
- Amendments, reviews and changes in IPSAS and expected future developments
- IPSASB projects, consultation papers, resources, reference materials and research on IPSAS
- Presentation of Financial Statements and Cash Flow Statements
- Accounting Policies, Changes in Accounting Estimates and Errors
- Foreign Exchange Rates
- Consolidated and Separate Financial Statements
- Property – valuation, depreciation, expensing, capitalisation, lessee and lessor, inventories, construction contracts
- Impairment of Non-cash generating assets and cash-generating assets
- Financial instruments
- Employee benefits