Interpretation and Application of IPSAS

KEY INFORMATION

  • Course Code: AFB107
  • Duration: 1 week
  • Fee: £2625

COURSE OUTLINE

Introducing Public Sector Accounting

  • IPSAS and public sector entities
  • Why converge public sector accounting practices?
  • The International Public Sector Accounting Standards Board (IPSASB)

Accrual-based IPSAS: Part 1

  • The IPSASB conceptual framework and key accrual accounting concepts
  • Financial statements
  • Disclosure standards
  • Long-term (non-current assets)
  • Current assets
  • Service concession arrangements: grantor
  • Leases and leasing arrangements

Accrual-based IPSAS: Part 2

  • Revenues and expenses
  • Employee benefits, social benefits, and other liabilities
  • Provisions and contingencies
  • Budget reporting
  • Financial instruments
  • Consolidations and strategic investments
  • Specific standards: accounting for agriculture and accounting in hyperinflation economies
  • Recommended practice guidelines

Cash-based IPSAS

  • Content part 1 cash basis IPSAS
  • Examples of use of cash basis IPSAS
  • Content part 2 cash basis IPSAS

Making the Transition to IPSAS

  • Project management perspective
  • What is the starting point for transition?
  • Different paths of IPSAS adoption
  • First-time adoption of accrual basis IPSAS

Target audience

  • Accounting and financial specialists, professionals, practitioners, and policymakers employed within national, state/provincial and local governments; government ministries, departments, programs, boards, commissions, and agencies; public sector social security funds, trusts, and statutory authorities; and International governmental organizations.
  • Accounting and finance staff of public sector entities that intend to embrace IPSAS, and thereby upgrade the reporting, the accountability and the transparency of their organizations.
  • Public administrators encountering important challenges in reducing the distance between accounting systems within countries as well as across borders, through a move towards harmonization of accounting practices in the public sector.

Learning outcomes

Upon completion of this course, you will be able to understand:

  • The role and history of IPSASB.
  • The scope of accrual-based IPSAS.
  • What is prescribed in the suite of IPSAS for accrual basis accounting.
  • The options accrual-based IPSAS provides for the measurement and recognition for each of the standards.
  • Some of the key practical implementation issues when preparing IPSAS-compliant financial statements.
  • The options that are provided within IPSAS when determining key accounting policy issues.
  • What is prescribed in cash-basis IPSAS.
  • How to prepare a transition to cash-basis IPSAS or to accrual-based IPSAS.

WHAT IS INCLUDED:

  • 30 hours of classroom-based training
  • Apple iPad
Program taught in:
English

See 131 more programs offered by London Business Training & Consulting »

Last updated September 22, 2018
This course is Campus based
Start Date
June 24, 2019
Oct. 2019
Duration
Full-time
Price
2,625 GBP
Deadline
By locations
By date
Start Date
June 24, 2019
End Date
June 28, 2019
Application deadline
Start Date
Oct. 2019
End Date
Application deadline
Start Date
Oct. 28, 2019
End Date
Nov. 1, 2019
Application deadline
Start Date
Feb. 2020
End Date
Application deadline

June 24, 2019

Location
Application deadline
End Date
June 28, 2019

Oct. 2019

Location
Application deadline
End Date

Oct. 28, 2019

Location
Application deadline
End Date
Nov. 1, 2019

Feb. 2020

Location
Application deadline
End Date