Ipsas - International Public Sector Accounting Standards

ICTD International Centre for Training and Development

What are the topics?

ICTD International Centre for Training and Development

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Who should attend

Public and private sector finance and accounting professionals, or managers seeking to develop their understanding of the public sector accounting methods including: professionals who have a responsibility for auditing or working with public sector organizations; corporate governance directors; internal auditors; corporate compliance officials; and board level members who wish to develop their understanding of IPSAS.

About the course

In a world of increasing transparency, there is a growing pressure being placed upon the public sector to standardize financial accounting. Standards adopted are the basis for the ‘new world’ of public reporting – creating greater confidence that public money is being handled effectively.

The aim of this course is for participants to understand IPSAS and the framework for public sector accounting. This course provides an overview of the most important requirements for preparing financial statements and disclosures under IPSAS.

## Course Objectives

By the end of the course, participants will be able to:

  • Identify how IPSAS will fit with their organization

  • Comprehend the core IPSAS values

  • Explain the key differences in the new standards

  • Recognize what compliant statements will look like

  • Deploy key strategies for migration to IPSAS standards

  • Set clear steps towards implementation

  • Adopt IPSAS disclosure requirements, including accounting policies

## Course Outline

INTRODUCTION, PRINCIPLES AND DEVELOPMENT

  • Background into financial accounting
  • Importance of standards
  • Economic drivers
  • Key principles of Global Accounting Standards
  • The development of Global Accounting Standards
  • Underlying financial principles
  • Disclosure and transparency aspects

OTHER GENERAL STANDARDS

  • International Accounting Standards (IAS)

  • Generally Accepted Accounting Principles (GAAP)

  • The current global adoption of Global Accounting Standards

KEY ORGANIZATIONAL BENEFITS

  • Domestic best practice

  • Global best practice

EFFECTIVE IMPLEMENTATION STRATEGY

  • The strategic planning process roadmap

  • Mapping regional standards to Global Accounting Standards

  • Resource planning

MIGRATION TO IPSAS

  • Scoping dual reporting

  • Financial function migration

  • Phasing and specific functional challenges

  • Strategy sense checks

  • The IPSAS Standards

  • Review of current IPSAS Standards

  • The correct application of individual IPSAS Standards

  • Overcoming key challenges

  • Obtaining guidance and support from International Federation of Accountants

IPSAS COMPLIANT FINANCIAL STATEMENTS

  • Key IPSAS requirements within financial statements

  • Producing the statement of financial position

  • Producing the statement of financial performance

  • Producing the cash flow statement

  • Reporting changes in net asset position

  • Producing compliant notes to the accounts

Videos and materials

Ipsas - International Public Sector Accounting Standards at ICTD International Centre for Training and Development

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Disclaimer

Coursalytics is an independent platform to find, compare, and book executive courses. Coursalytics is not endorsed by, sponsored by, or otherwise affiliated with any business school or university.

Full disclaimer.

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