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4 - AAU - Accounting and Financial Auditing
AAU 330 - International Public Sector Accounting Standards (IPSAS)
| Code | Start Date | Duration | Venue | |
|---|---|---|---|---|
| AAU 330 | 23 December 2024 | 5 Days | Istanbul | Registration Form Link |
| AAU 330 | 13 January 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 330 | 10 March 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 330 | 05 May 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 330 | 30 June 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 330 | 25 August 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 330 | 20 October 2025 | 5 Days | Istanbul | Registration Form Link |
| AAU 330 | 15 December 2025 | 5 Days | Istanbul | Registration Form Link |
Please contact us for fees
Course Description
Our IPSAS (International Public Sector Accounting Standards) course is designed to provide participants with a comprehensive understanding of IPSAS and its application in the public sector. The course covers key principles, concepts, and standards of IPSAS, as well as practical guidance on financial reporting, budgeting, and financial planning in accordance with IPSAS requirements.
Participants will learn how to prepare financial statements in compliance with IPSAS, recognize and measure assets, liabilities, revenues, and expenses, and make appropriate disclosures. The course also includes discussions on specific IPSAS standards, such as IPSAS 1, IPSAS 2, and IPSAS 17, with case studies and practical exercises to reinforce learning.
Course Objectives
- Understand the key principles, concepts, and standards of IPSAS and their application in the public sector.
- Learn how to prepare financial statements in compliance with IPSAS requirements.
- Recognize and measure assets, liabilities, revenues, and expenses in accordance with IPSAS.
- Gain practical guidance on financial reporting, budgeting, and financial planning under IPSAS.
- Develop the skills to make appropriate disclosures in financial statements following IPSAS guidelines.
- Familiarize yourself with specific IPSAS standards, such as IPSAS 1, IPSAS 2, and IPSAS 17.
Who Should Attend?
- Accountants
- Auditors
- Financial Managers and Controllers
- Finance Officers
- Budget analysts
- Treasury and Revenue Officers
- Public Sector Consultants and Advisors
Course Details/Schedule
Day 1
- Introduction to Public Sector Entities
- Nature of Public Sector Entities
- Difference between Public Sector and Private Sector
- Public Financial Management
- Financial Reporting in the Public Sector
- Overview of International Public Sector Accounting Standards (IPSAS)
- Key principles and concepts of IPSAS
- Scope and Application of IPSAS
- Understanding the scope and applicability of IPSAS
- Identifying entities required to adopt IPSAS
- Transitioning from cash basis to accrual basis accounting
Day 2
- Producing the statement of financial position
- Producing the statement of financial performance
- Producing the cash flow statement (IPSAS 2)
- Financial Reporting under IPSAS
- Presentation of financial statements under IPSAS
- Recognition and measurement of assets, liabilities, revenues, and expenses
- Disclosure requirements in IPSAS financial statements
Day 3
- IPSAS Financial Performance
- Understanding of
- Non-exchange revenue (IPSAS 23)
- Exchange revenue (IPSAS 9)
- Construction contracts (IPSAS 11)
- Accounting for assets and liabilities
- Property plant and equipment (IPSAS 17)
- Intangible assets (IPSAS 31)
- Investment property (IPSAS 16)
- Impairment of cash generating assets (IPSAS 26)
- Impairment of non-cash generating assets (IPSAS 21)
- Borrowing costs (IPSAS 5)
- Inventories (IPSAS 12)
Day 4
- Consolidated and separate financial statements (IPSAS 6)
- Interests in joint ventures (IPSAS 8)
- Investments in associates (IPSAS 7)
- Translation of financial statements of foreign operations (IPSAS 4)
- Financial reporting in hyperinflationary economies (IPSAS 10)
- Disclosure standards and presentation of budget information (IPSAS24)
- Segment reporting (IPSAS 18)
- Related party disclosures (IPSAS 20)
- Disclosure of financial information (IPSAS 22)
- Service concessions (IPSAS 32)
Day 5
- Disclosure and Presentation under IPSAS
- Presentation of financial statements under IPSAS
- Disclosures in the notes to the financial statements
- Reporting on related party transactions and contingencies
- Implementation Challenges and Best Practices
- Addressing implementation challenges in adopting IPSAS
- Developing an action plan for implementing IPSAS in an organization
- Best practices in implementing and maintaining compliance with IPSAS
