Learning Objective
Learn the fundamentals and prominence of IPSAS (International Public Sector Accounting Standards) to improve the quality of financial reporting for better transparency and accountability in public sector entities.
Course Description
The adoption of IPSAS (International Public Sector Accounting Standards) in the public sector contributes to transparency, accountability, and efficiency. This course provides the fundamentals and benefits of the International Public Accounting Standards (IPSAS). It sets out the objective of each standard, a summary of the main requirements, the main differences from the International Financial Reporting Standards (IFRSs), where necessary, and how to transition into it.
Who Should Attend
Accounting and Finance Professionals in the Public Sector Who Are Adopting IPSAS, Internal Auditors, and Individuals Handling the IPSAS Transition Will Benefit From This Course.
Details
- Date May 9-13, 2022
- Duration 5 Days
- Location Online Training
- Program Level Intermediate
- CPE Credit 40 CPEs
- Certificate of Completion
Bilal Sidani
Training Advisor
Marwan Abdul Hak
Training Advisor
Course Outline
- The Conceptual Framework for General Purpose Financial Reporting
- Key Characteristics of Reporting Entity
- Discussion of International Public Sector Accounting Standards (IPSAS)
- IPSAS 1 Presentation of Financial Statements
- IPSAS 2 Cash Flow Statements
- IPSAS 3 Accounting Policies, Changes in Accounting Estimates and Errors
- IPSAS 4 The Effects of Changes in Foreign Exchange Rates
- IPSAS 5 Borrowing Costs
- IPSAS 9 Revenue from Exchange Transactions
- IPSAS 10 Financial Reporting in Hyperinflationary Economies
- IPSAS 11 Construction Contracts
- IPSAS 12 Inventories
- IPSAS 13 Leases
- IPSAS 14 Events After the Reporting Date
- IPSAS 16 Investment Property
- IPSAS 17 Property, Plant and Equipment
- IPSAS 18 Segment Reporting
- IPSAS 19 Provisions, Contingent Liabilities and Contingent Assets
- IPSAS 20 Related Party Disclosures
- IPSAS 21 Impairment of Non-Cash-Generating Units
- IPSAS 22 Disclosure of Financial Information About the General Government Sector
- IPSAS 23 Revenue from Non-Exchange Transactions (Taxes and Transfers)
- IPSAS 24 Presentation of Budget Information in Financial Statements
- IPSAS 25 Employees Benefits
- IPSAS 26 Impairment of Cash-Generating Assets
- IPSAS 27 Agriculture
- IPSAS 28 Financial Instruments: Presentation
- IPSAS 29 Financial Instruments: Recognition and Measurement
- IPSAS 30 Financial Instruments: Disclosures
- IPSAS 31 Intangible Assets
- IPSAS 32 Service Concession Arrangements: Grantor
- IPSAS 33 First-time Adoption of Accrual Basis IPSAS
- IPSAS 34 Separate Financial Statements
- IPSAS 35 Consolidated Financial Statements
- IPSAS 36 Investments in Associates and Joint Ventures
- IPSAS 37 Joint Arrangements
- IPSAS 38 Disclosure of Interests in Other Entities
- IPSAS 39 Employee Benefits
- IPSAS 40 Public Sector Combinations
- IPSAS 41 Financial Instruments
- IPSAS 42 Social Benefits
- Cash-Basis IPSAS Financial Reporting Under the Cash-Basis
- The Objective of Each Standard
- Summary of Requirements
- Recommended Practice Guidelines
- Differences Between IPSAS and IFRS
- The Approach to IPSAS Conversion
