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Home All Courses CIPSAS Certificate in IPSAS 
4.9

CIPSAS Certificate in IPSAS 

Accrual Accounting for Public Sector

3 alternative location(s) available

Course Overview

The recent financial crisis and associated financial safeguards implemented across all business sectors have seen even greater pressures exerted on public budgets with governments and public sector entities encountering growing pressure to provide high-quality transparent financial statements, clear and decisive financial management approaches and enhanced operational allocation and performance measures related to public funds.

IPSAS (International Public Sector Accounting Standards) provides a sounds basis for public entities to demonstrate sound accrual accounting and budgeting techniques, and with its emphasis on performance-based management being a core competency, requires entities to adopt a fresh and innovative approach to developing new skill sets.

 

3 alternative location(s) available

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program at your premise of choice, with lower costs, and schedule that suits you best.

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5 Key Takeaways

1

Improved knowledge and understanding of the global trends for public sector accountability and reporting.

Practical understanding of the transition challenges and approaches in moving to Internationally accepted reporting norms such as IPSAS.

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3

Apply IPSAS standards to ensure Improved Accountability via providing a complete and accurate view of an entities operations and performance.

Achieve Greater Transparency within your entity’s regarding your use of primary resources and resulting liabilities.

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5

Achieve greater harmony within the entity’s reporting and financial statements as a way to encourage and enhance organisational goal congruence.

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Course Outline

DAY ONE

 IPSAS – Overview and Context

  • Summary of current events in the area of public sector accountability and reporting

  • What IFAC and the IPSASB is all about

  • Discussion on the current status of the global adoption of IPSAS cash and accrual based standards – countries that have adopted and countries in the process of adoption

 IPSAS – Concepts and Core Principles

  • Summary of current events in the area of public sector accountability and reporting

  • IPSAS principle based approach compared to rules based approach

  • Core concepts of assets, liabilities, equity

 IPSAS – Implementation Challenges

  • How to best use lessons from the private sector

  • Implementation issues and practical solutions

  • UK central government – transition to accrua

 IPSAS Cash

  • Core concepts and principles

  • Scope of standards

  • Application of IPSAS Cash

  • IPSAS Cash / Modified Cash (not IPSAS compliant) and how to transition to full accrual based IPSAS

 Presentation of Financial Statements (IPSAS 1 / IAS 1)

  • Required financial statements

  • Structure

  • Content

 Accounting Policies, Changes in Accounting Estimates and Errors (IPSAS 3 / IAS 8)

  • Selection of accounting policies

  • Changes in accounting estimates

  • Changes in accounting policies

  • Correction of errors

  • Items requiring separate financial statement disclosure

INTRODUCTION: Classification as Inventory or Property, Plant and Equipment 

  • Core concepts and principles

  • Capitalisation thresholds

  • Practical application of grouping assets for capitalisation threshold

DAY TWO

 Inventories (IPSAS 12/IAS 2)

  • Public sector entity inventories

  • Inventories held for sale

  • Inventories held for distribution at no or nominal charge

 Property, Plant and Equipment (IPSAS 17/IAS 16)

  • Initial recognition

  • Subsequent valuation

  • Depreciation

  • Treatment of assets acquired in a non-exchange transaction

  • Treatment of heritage assets

 Intangible Assets (IPSAS 31/IAS 38)

  • Initial recognition

  • Subsequent valuation

  • Public sector issues

Borrowing Costs (IPSAS 5/IAS 23) 

  • Expensing

  • Capitalisation

DAY THREE

EDUCATIONAL PARTNER

IABFM - International Academy of Business and Financial Management

The International Academy of Business and Financial Management™ is one of the world’s fastest growing professional associations with more than 200,000 members, associates and affiliates in 145 countries. IABFM™ hosts and organizes certification training worldwide and offers exclusive board designations to candidates who meet the highest professional standards and assessment criteria. The IABFM is credited by the American National Standards Institute (ANSI) the International Standards setting authority.

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Who Should Attend?

This highly practical and interactive course has been specifically designed for:

  • Organisations seeking improved credibility in the international arena with improving fiscal transparency and accountability

  • Organisations, including governments and public sector entities, that are currently implementing or considering implementing IPSAS as a basis for accounting

  • Organisations wishing to gain an overview of IPSAS and understand what implications adopting these standards may have on their organisation

  • Financial professionals operating within the finance departments of public entities

  • Increasing your staff’s awareness about IPSAS through considering the benefits and challenges associated

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Most of our public courses are delivered in English language. You need to be proficient in English to be able to fully participate in the workshop and network with other delegates. For in-house courses we have the capability to train in Arabic, Dutch, German and Portuguese.

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We also award continuing professional development credits (CPE/PDUs) for:
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