(Click Category to List Courses)

32 - AAU - Accounting and Financial Auditing


AAU 310 - International Public Sector Accounting Standards (IPSAS)

Code Start Date Duration Venue
AAU 310 07 November 2022 5 Days Istanbul Registration Form Link
AAU 310 05 December 2022 5 Days Istanbul Registration Form Link
Please contact us for fees

 

Course Description

International Public Sector Accounting Standards (IPSAS) are a set of accounting standards issued by the IPSAS Board created to public sector entities around the world in order to prepare financial statements. In this course participants will be able to meet the challenges of IPSAS to secure the benefits of improved financial management and help achieving organizational objectives and goals. It will also help them achieve a shared level of understanding of the standards across their organizations.

Course Objectives

  • Learning the IPSAS and how to apply them
  • Managing substantial financial resources
  • Reducing risk of qualified accounts
  • Providing good financial reports

 

Who Should Attend?

  • Accountants 
  • Finance staff 
  • Internal auditors 
  • Consultants 
  • Anyone who requires an understanding of international financial reporting standards within the public sector

Course Details/Schedule

Day 1

  • Definition of  IPSAS
  • Linkage to other organizations 
  • The development of IPSAS
  • Activities of International Public Sector Accounting Standards Board (IPSASB) 
  • The standards

Day 2

  • The conceptual basis of government accounting
  • IPSAS governance structure
  • Public Sector Accounting and Financial Reporting
  • IPSAS coordinator 
  • ERP systems work stream

Day 3

  • Presentation of financial statements
  • Cash flow statement
  • Segment reporting
  • Presentation of Budget Information in Financial Statements

Day 4

  • IPSAS and accounting rules
  • Some IPSAS key concepts
  • Transition from cash to accrual accounting by governments budgeting with IPSAS
  • Auditing 
  • Gap analysis
  • Advice on specific issues

Day 5

  • Payables & expenses
  • Inventories
  • Intangible assets
  • Leases
  • Enhancing transparency in reporting 
  • Improving operational performance
  • Value for money
  • Reducing closing delays