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IPSAS (International Public Sector Accounting Standards) Training Course » AF30

IPSAS (International Public Sector Accounting Standards) Training Course

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DateFormatDurationFees
22 Apr - 26 Apr, 2024Live Online5 Days$2250Register
26 May - 30 May, 2024Live Online5 Days$2250Register
17 Jun - 21 Jun, 2024Live Online5 Days$2250Register
01 Jul - 05 Jul, 2024Live Online5 Days$2250Register
11 Aug - 15 Aug, 2024Live Online5 Days$2250Register
23 Sep - 27 Sep, 2024Live Online5 Days$2250Register
28 Oct - 01 Nov, 2024Live Online5 Days$2250Register
24 Nov - 28 Nov, 2024Live Online5 Days$2250Register
09 Dec - 20 Dec, 2024Live Online10 Days$4495Register
DateVenueDurationFees
08 Apr - 12 Apr, 2024Dubai5 Days$4750Register
12 May - 16 May, 2024Riyadh5 Days$4950Register
13 May - 17 May, 2024Dubai5 Days$4750Register
03 Jun - 07 Jun, 2024Maldives5 Days$5350Register
17 Jun - 21 Jun, 2024Dubai5 Days$4750Register
08 Jul - 12 Jul, 2024Dubai5 Days$4750Register
22 Jul - 26 Jul, 2024New Delhi5 Days$5350Register
19 Aug - 23 Aug, 2024Dubai5 Days$4750Register
25 Aug - 29 Aug, 2024Doha5 Days$4950Register
09 Sep - 13 Sep, 2024Dubai5 Days$4750Register
07 Oct - 11 Oct, 2024Dubai5 Days$4750Register
14 Oct - 18 Oct, 2024Abu Dhabi5 Days$4950Register
10 Nov - 14 Nov, 2024Doha5 Days$4950Register
11 Nov - 15 Nov, 2024Dubai5 Days$4750Register
23 Dec - 27 Dec, 2024Dubai5 Days$4750Register
29 Dec - 09 Jan, 2025New York10 Days$9850Register

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Course Overview

What is IPSAS? IPSAS is an acronym for International Public Sector Accounting Standards. They are issued by an independent body called as International Public Sector Accounting Standards Board. IPSAS are accounting standards which should be applied for a public sector entity when they prepare and present the financial statements.

Why do you need to attend this International Public Sector Accounting Standards Certification Course? Traditionally, Governments prepare their reports under the Cash basis of accounting. They chose this method because it is remarkably simple to apply and prepare reports.

But this method has a lot of disadvantages particularly, it does not specify how many assets a Government holds and liabilities it owes and the value of these items. The alternative method of accounting is Accrual accounting. Accrual accounting is robust because it shows the true value of an organization and it is easy to measure the performance.

At present many countries have plans for moving towards accrual accounting specifically IPSAS. With several countries opting for IPSAS, the demand for finance professionals with a qualification in IPSAS is increasing globally.

This Zoe training course will empower you in understanding public sector accounting with special emphasis on IPSAS by providing practical and detailed knowledge of the key IPSAS and how they are interpreted and applied.

Course Objectives

The objective of this training is to enable you in developing your knowledge and understanding of Public Sector Accounting with special emphasis on International Public Sector Accounting Standards. You will also learn how to apply them, as well as the concepts and principles which underpin them.

By the end of this training you should be able to:

  • Describe the context for Accrual Accounting in public sector entities
  • Learn the key principles of Conceptual Framework for Financial Reporting
  • Learn the standards applicable to key elements of financial statements
  • Learn the disclosure requirements for public sector entities in financial reports and notes
  • Explain the requirements of cash Basis IPSAS

Training Methodology

Zoe Talent Solutions customises each training course to meet the learning expectations of the training audience and relate it with their professional backgrounds and experience. Classroom sessions with presentations by a highly competent trainer form a major part of the training.

However, participation is encouraged through group discussions, problem-solving exercises, group activities, projects, etc. Participants are also encouraged to share their experiences, issues, apprehensions and best practices from their respective organisations, which are discussed in detail by the course facilitator.

Zoe Talent Solutions follows the Do–Review–Learn–Apply Model.

Organisational Benefits

Companies who get their employees to participate in this course can benefit in the following ways:

  • Enhanced knowledge and understanding of the global trends for public sector accountability and reporting
  • Establish the costs and benefits for implementing IPSAS and implications
  • Manage the system modifications and other changes required to implement IPSAS
  • Apply IPSAS standards to ensure Improved Accountability via providing a comprehensive and accurate interpretation of an entity’s operations and performance

Personal Benefits

Individuals who participate in this course can benefit in the following ways:

  • Understand IPSAS and the structure and framework for public sector accounting
  • Prepare and make financial statements and disclosures under IPSAS
  • Migrate an entity toward IPSAS compliance
  • Understand IPSAS for accrual basis of accounting and cash basis of accounting

Who should attend?

  • All accounting professionals working in the public sector involved in the preparation of financial statements
  • IPSAS implementation and maintenance teams
  • External auditors
  • Consultants dealing with financial reporting
  • Senior budget holders
  • Policymakers

Course Outline

Module 1 – Introduction to Public Sector Entities

  • Nature of Public Sector Entities
  • Difference between Public Sector and Private Sector
  • Importance of Budget
  • Public Financial Management
  • Financial Reporting in the Public Sector
  • Introduction to IFAC, IPSASB
  • Introduction to IPSAS

Module 2 – Basis of Accounting

  • Cash basis of Accounting
  • Accrual basis of Accounting
  • Modified Cash Basis
  • Modified Accrual Basis

Module 3 – Accounting for Assets

  • Property, Plant & Equipment
  • Inventory
  • Intangible Assets
  • Investment Property
  • Leases
  • Borrowing Costs
  • Agriculture
  • Impairment of Cash and Non-cash Generating Assets
  • Service Concession Arrangements

Module 4 – Accounting for Revenue Recognition

  • Revenue from Exchange Transactions
  • Revenue from Non-Exchange Transactions

Module 5 – Accounting for Liabilities

  • Provisions
  • Contingent Liabilities
  • Lease Liabilities
  • Employee Benefits

Module 6 – Financial Instruments

  • Financial Assets, Financial Liabilities & Equity
  • Recognition of Financial Instruments
  • Fair Value Measurement
  • Impairment of Financial Assets
  • Hedging and Hedge Accounting

Module 7 – Presentation of Financial Statements

  • Presentation of Financial Statements
  • Statement of Cash Flows
  • Interim Financial Reporting
  • Selection of Accounting Policies and Accounting Estimates
  • Events after the reporting period
  • Consolidated Financial Statements
  • Presentation of Budget Information in Financial Statements

Module 8 – Financial Reporting under Cash Basis

  • Cash Basis IPSAS
  • Presentation and Disclosure requirements
  • General Requirements
  • First time adoption of Accrual Basis IPSAS from Local Cash Basis Standards
  • Foreign Currency transactions and balances

Module 9 – First Time Adoption of IPSAS

  • First time adoption of Cash Basis IPSAS
  • First time adoption of Accrual Basis IPSAS from Cash Basis IPSAS
  • First time adoption of Accrual Basis IPSAS from Local Cash Basis Standards
  • First time adoption of Accrual Basis IPSAS from Local Accrual Basis Standards

Participant Reviews
RK
Robert Kasongwa
On my IPSAS (International Public Sector Accounting Standards) Training Course online Training, I had an excellent experience, and it really exceeded my expectation. Mevrick, Senior Training Consultant, and Mohamed Ali, trainer, were excellent. The arrangements were flexible, responses were fast, I got all relevant information timely and in advance. I was lucky to have Ali as a trainer. He is very experienced and knows how to deliver the materials—I learned a lot from him. The conduct of both Mevrick and Ali was so professional.
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Customized Schedule is available for all courses irrespective of dates on the Calendar. Please get in touch with us for details.

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