8 Topics
5 Days
40 Sessions
Programme Overview
Training Description
Session Objectives
- Understand the conceptual framework and key principles of IPSAS. Differentiate between cash-basis and accrual-basis accounting in the public sector. Apply core IPSAS standards to specific public sector financial transactions. Identify and manage the common challenges of IPSAS implementation. Prepare complete and accurate IPSAS-compliant financial statements
About the Course
Fiscal Clarity: IPSAS Compliance & Implementation is a practical training course designed to equip public-sector finance professionals with the knowledge and skills required to understand, apply, and implement International Public Sector Accounting Standards (IPSAS) within government institutions and public-sector organizations.The course provides a comprehensive understanding of the IPSAS framework and explores how IPSAS implementation can improve financial reporting, transparency, accountability, comparability, and public financial management. Participants will examine key accounting concepts, recognition and measurement requirements, financial statement preparation, transition considerations, implementation challenges, and internal controls.The training also addresses the practical realities of moving from cash-based to accrual-based accounting, where applicable, including asset and liability recognition, revenue and expense accounting, consolidation, financial disclosures, and preparation of compliant public-sector financial statements.
Curriculum & Topics
8 Topics | 40 Sessions
-
Workshop 1.1:
The rationale and benefits of adopting IPSAS.
-
Workshop 1.2:
The role of the IPSAS Board and the standard-setting process.
-
Workshop 1.3:
The conceptual framework for general purpose financial reporting.
-
Workshop 1.4:
The fundamental principles of accrual-based IPSAS.
-
Workshop 1.5:
Comparing IPSAS to other national and international accounting standards.
-
Workshop 2.1:
Requirements for the statement of financial position and performance.
-
Workshop 2.2:
The statement of cash flows under IPSAS.
-
Workshop 2.3:
Presentation of budget information in the financial statements.
-
Workshop 2.4:
Disclosure requirements and notes to the financial statements.
-
Workshop 2.5:
Practical exercises on preparing financial statement templates.
-
Workshop 3.1:
Recognition and measurement of property, plant, and equipment (IPSAS 17).
-
Workshop 3.2:
Accounting for intangible assets (IPSAS 31).
-
Workshop 3.3:
Impairment of non-cash-generating assets (IPSAS 21).
-
Workshop 3.4:
Inventory valuation and recognition (IPSAS 12).
-
Workshop 3.5:
Accounting for leases.
-
Workshop 4.1:
Provisions, contingent liabilities, and contingent assets (IPSAS 19).
-
Workshop 4.2:
Accounting for employee benefits (IPSAS 25).
-
Workshop 4.3:
Revenue from exchange and non-exchange transactions (IPSAS 9 & 23).
-
Workshop 4.4:
The treatment of grants and other public sector transfers.
-
Workshop 4.5:
Debt and financial instrument reporting.
-
Workshop 5.1:
The accounting for foreign exchange rates (IPSAS 4).
-
Workshop 5.2:
Related party disclosures (IPSAS 20).
-
Workshop 5.3:
The effects of changes in accounting policies and estimates.
-
Workshop 5.4:
Events after the reporting date (IPSAS 14).
-
Workshop 5.5:
Borrowing costs (IPSAS 5).
-
Workshop 6.1:
The principles of consolidated financial statements (IPSAS 35).
-
Workshop 6.2:
Accounting for investments in associates and joint ventures.
-
Workshop 6.3:
Reporting for government-wide entities and special-purpose vehicles.
-
Workshop 6.4:
Disclosure requirements for group financial reporting.
-
Workshop 6.5:
Practical exercises on consolidation adjustments.
-
Workshop 7.1:
Developing a strategic roadmap for IPSAS adoption.
-
Workshop 7.2:
Key data collection and system requirements for accrual accounting.
-
Workshop 7.3:
Managing change and engaging stakeholders during the transition.
-
Workshop 7.4:
First-time adoption of IPSAS (IPSAS 33).
-
Workshop 7.5:
Case studies on successful IPSAS implementation projects.
-
Workshop 8.1:
Key audit considerations for IPSAS-based financial statements.
-
Workshop 8.2:
The role of internal audit in ensuring IPSAS compliance.
-
Workshop 8.3:
Audit procedures for specific IPSAS standards.
-
Workshop 8.4:
The importance of robust internal controls in an IPSAS environment.
-
Workshop 8.5:
The role of supreme audit institutions and other oversight bodies.
