International Public Sector Accounting Standard (IPSAS)-IPSAS For Managers And Non- Accountants
Course Category: INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS)
Course Fee: $4,500
ABOUT THE COURSE
This course will explain and illustrate the key financial principles and accounting terminology in IPSAS in a very clear and practical way for managers and non-accountants. Participants will improve their understanding of the requirements of IPSAS financial reporting and accounting and build confidence when dealing with financial situations encountered as a Manager.
The IPSAS accounting and disclosure requirements are explained in clear, simple language and illustrated with model financial statements and real-world examples. Application of the various standards is illustrated through the use of short case studies.
This program answers questions such as:
- What is accrual based IPSAS and how is it different from cash accounting?
- What do statements of financial position, income statement and cash flow statement show, how are they prepared and how do they interact?
- What are the current requirements for presentation of accrual-based IPSAS financial statements and related disclosures?
- Where can guidance on IPSAS be found?
- How have the IPSAS recently changed?
- What techniques should I be using to assess performance in my department (i.e. for IPSAS compliant public sector entity)?
- What practical issues commonly arise when implementing IPSAS outside the finance- accounting departments of public sector entities?
COURSE BENEFITS
- De-mystify IPSAS financial reporting and accounting terminology to Appreciate the difference between net income and cash
- Understand the purpose and content of the various financial statements and the accounting principles and rules that underpin their preparation
- Apply the use of ratios and financial analysis to understand the performance and position of a public sector entity
- Increase planning opportunities through awareness of likely future IPSAS changes
- Learn the sources of IPSAS guidance that are available
COURSE CONTENT
- Introduction to IPSAS
- Brief history
- Scope of IPSAS
- Sources of guidance
- Accounting for Government Business Enterprises (Not covered in this course as they apply IFRS)
- Understanding how the statements of financial position, income statement and cash flow statement interact
- Key financial ratios and financial analysis: A review of techniques that can be applied to assess performance in my department drawing on financial data available when a public sector entity is reporting under accrual based IPSAS
- Impact of the Transitioning to the IPSAS Accrual Basis of Accounting on non-accounting and finance departments
- Key issues
- A high level review of the IPSAS framework to Reporting & Disclosure
- IPSAS 1 Presentation of Financial Statements to IPSAS 2 Cash Flow Statements
- IPSAS 3 Net Surplus or Deficit for the Period - Fundamental Errors and Changes in
- Non-current Assets
- IPSAS 17 Property, Plant and Equipment to IPSAS 31 Intangible Assets
- IPSAS 21 & 26 Impairment of Non-Cash-Generating Assets & Impairment of Cash-
- Generating Assets to Revenues & Related Costs
- IPSAS 9 Revenue from Exchange Transactions
- IPSAS 23 Revenue from Non-Exchange Transactions (Taxes and Transfers)
- IPSAS 12 Inventories to Liabilities and Expenses
- IPSAS 19 Provisions, Contingent Liabilities and Contingent Assets to IPSAS 25 Employee Benefits
- Financing and Financial Instruments to IPSAS 13 Leases
- IPSAS 4 The Effect of Changes in Foreign Exchange Rates to Financial Instruments
- Consolidations and Strategic Investments
- IPSAS 6 Consolidated Financial Statements - Accounting for Controlled Entities to IPSAS 7 Accounting for Investments in Associates
- IPSAS 8 Financial Reporting of Interests in Joint Ventures to Other Presentation and Disclosure Standards
- IPSAS 18 Segment Reporting
- IPSAS 20 Related Party Disclosures
- IPSAS 24 Presentation of Budget Information in Financial Statements
Dates:
17 Dec - 21 Dec, 2018 | 13 May - 17 May, 2019 | 02 Sep - 06 Sep, 2019 | 02 Dec - 06 Dec, 2019
Venues:
USA | London | Dubai | South Africa | Ghana
