CertIPSAS

Certificate in International Public Sector Accounting Standards

Accrual Accounting for Public Sector

•IPSAS  18: segment reporting
-Objective and scope of IPSAS 18
-Identification and aggregation of operating segments
-Determination of the primary and secondary segment reporting formats
-Measurement of segment assets, liabilities, revenues, and expenses
-Disclosure requirements for segment information
-Interim financial reporting for segments
-Application on a real case study from public sector
•IPSAS  24: presentation of budget information in financial statements
-Objective and scope of IPSAS 24
-Presentation of budget information in the financial statements
-Budget amounts, actual amounts, and variances
-Amounts
-Application on a real case study from public sector

•IPSAS  9: revenue from exchange transactions
-Objective and scope of IPSAS 9
-Definition and recognition of revenue from exchange transactions
-Determining the transaction price
-Timing of revenue recognition for the provision of goods and services
-Measurement of revenue for long-term construction-type contracts
-Examples and cases on different revenue exchange transactions
•IPSAS  23: revenue from non-exchange transactions (taxes and transfers)
-Objective and scope of IPSAS 23
-Recognition and measurement of revenue from taxes
-Timing of revenue recognition for taxes
-Measurement of revenue from transfers of assets and other non-exchange transactions
-Presentation and disclosure requirements for revenue from non-exchange transactions
-Examples and cases on different revenue from non exchange transactions
•IPSAS  11: construction contracts
-Objective and scope of IPSAS 11
-Definition of a construction contract
-Recognition and measurement of revenue and costs for construction contracts
-Determining the stage of completion of a construction contract
-Accounting for variations, claims, and contract modifications
-Presentation and disclosure requirements for construction contracts

•IPSAS  12: inventories
-Definition and classification of inventories
-Measurement of inventories (including cost formulas and net realizable value)
-Cost allocation and recognition of inventory-related costs
-Disclosure requirements for inventories
-Case study for calculating cost of inventory
•IPSAS  17: property, plant and equipment
-Recognition and initial measurement of property, plant, and equipment
-Subsequent measurement (including cost model and revaluation model)
-Depreciation methods and useful life estimation
-Treatment of componentization and major repairs
-Disclosure requirements for property, plant, and equipment
-Accounting for infrastructure
-Accounting for infrastructure assets
•IPSAS  16: investment property
-Definition and classification of investment property
-Measurement of investment property (including fair value model and cost model)
-Treatment of transfers between categories
-Disclosure requirements for investment property
•IPSAS  31: intangible assets
-Recognition and initial measurement of intangible assets
-Measurement subsequent to initial recognition (including cost model and revaluation model)
--Treatment of internally generated intangible assets
-Disclosure requirements for intangible assets

•IPSAS  5: borrowing costs
-Recognition and treatment of borrowing costs
-Capitalization of borrowing costs as part of qualifying assets
-Measurement and subsequent treatment of borrowing costs
-Disclosure requirements for borrowing costs
•IPSAS  21: impairment of non-cash generating assets
-Recognition and measurement of impairment of non-cash generating assets
-Indicators of impairment and impairment testing
-Treatment of reversals of impairments
-Disclosure requirements for impairment of non-cash generating assets
•IPSAS  26: impairment of cash generating assets
-Recognition and measurement of impairment of cash generating assets
-Calculation of recoverable amount and impairment losses
-Treatment of reversals of impairments
-Disclosure requirements for impairment of cash generating assets
-Case study on EXCEL showing the exact calculation of the impairment losses using the numerical model
•IPSAS  19: provisions, contingent liabilities and contingent assets
-Recognition and measurement of provisions
-Treatment of contingent liabilities and contingent assets
-Criteria for recognition and disclosure of provisions, contingent liabilities, and contingent assets
-Disclosure requirements for provisions, contingent liabilities, and contingent assets
•IPSAS  13: leases
-Classification of leases as operating leases or finance leases
-Recognition and measurement of lease assets and lease liabilities
-Presentation and disclosure requirements for lessees and lessors

•IPSAS  14: events after the reporting date
-Definition and identification of events after the reporting date
-Treatment of adjusting events and non-adjusting events
-Disclosure requirements for events after the reporting date
•IPSAS  10: financial reporting in hyperinflationary environments
-Definition and identification of hyperinflationary economies
-Determining the functional currency in hyperinflationary environments
-Restating financial statements in the reporting currency
-Recognition and measurement of items in hyperinflationary environments
-Disclosures required in hyperinflationary environments
•IPSAS  4: the effects of changes in exchange rates
-Definition and classification of foreign currency transactions
-Determining the functional currency
-Accounting for foreign currency transactions at the transaction date and at the reporting date
-Translation of financial statements of foreign operations
-Treatment of exchange differences and their impact on financial statements
-Case study for accounting for effects of changes in exchange rates
•IPSAS  27: agriculture
-Scope and definitions related to agricultural activities
-Recognition and measurement of agricultural assets
-Treatment of biological assets, including agricultural produce and bearer plants
-Disclosure requirements for agricultural activities
•IPSAS  32: service concession arrangements: grantor
-Definition and scope of service concession arrangements
-Recognition and measurement of assets and liabilities related to service concession arrangements
-Accounting for financial arrangements within service concession arrangements using the most used approaches by governments
-Disclosure requirements for service concession arrangements

•IPSAS  39: employee benefits
-Classification and recognition of employee benefits (including short-term, post-employment, and other long-term benefits)
-Measurement of employee benefits (including actuarial assumptions, discounting, and remeasurements)
-Accounting for termination benefits and other employee benefits
-Disclosure requirements for employee benefits
•IPSAS  28: financial instruments – presentation
-Classification and presentation of financial instruments
-Initial recognition and subsequent measurement of financial instruments
-Accounting for derecognition and modifications of financial instruments
-Disclosure requirements for financial instruments
•IPSAS  30: financial instruments – disclosures
-Disclosure requirements for various categories of financial instruments
-Information about the significance of financial instruments in the financial statements
-Specific disclosures for different types of financial instruments (e.g., loans, equity instruments, derivatives)
-Disclosures related to credit risk, liquidity risk, and market risk
-Examples and real cases from practice
•IPSAS  41: financial instruments
-Scope and definitions related to financial instruments
-Classification and measurement of financial instruments (including initial recognition and subsequent measurement options)
-Hedge accounting and fair value option for financial instruments
-Disclosures required for financial instruments
-Examples on Excel to show the full application of measurement of financial instruments

•IPSAS  35: consolidated financial statements
-Overview of consolidated financial statements
•IPSAS  36: investments in associates
-Introduction to investments in associates
-Equity method of accounting
-Determining significant influence
-Recognition and measurement of investments in associates
•IPSAS  37: joint arrangements
-Overview of joint arrangements
-Classification of joint arrangements
-Accounting for joint operations
-Accounting for joint ventures
-Measurement and recognition of joint arrangement assets, liabilities, income, and expenses
-Presentation and disclosure of joint arrangements
•IPSAS  34: separate financial statements
-Purpose and scope of separate financial statements
-Recognition and measurement of assets, liabilities, income, and expenses
-Presentation and disclosure requirements
-Differences between separate and consolidated financial statements
•IPSAS  38: disclosure of interests in other entities
-Definition and types of interests in other entities
-Disclosure requirements for joint ventures and associates
Disclosure standard
•IPSAS  20: related party disclosures
First-time adoption of accrual-based IPSAS
•IPSAS  33: first time adoption of accrual basis IPSAS