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Essentials of IPSAS
The quality of public financial information depends on rules that are understood and applied consistently. Place IPSAS principles and their implications for accounts in context to analyse financial statements better. Strengthen your contribution to discussions between accounting teams, auditors and public-sector managers.
- Duration
- 5 days 35 hours
- Code
- CPT22FR Code
Presentation
IPSAS, International Public Sector Accounting Standards, are a set of international accounting standards intended to improve accounting within public institutions. This course will teach you to master the overall operation of IPSAS, notably by comparing approaches and concepts with the IFRS framework.
Objectives
This IPSAS course presents the international accounting framework by comparing it with IFRS. It highlights differences in concepts and application, as well as the associated challenges.
Program
International accounting harmonisation
- Overview of the history and international accounting environment.
- Description of the different frameworks and their position in Europe and worldwide.
- The challenges of standard-setting.
The regulatory framework
- Structure and role of the IPSASB
- The standards development process
Financial reporting
- Presentation of financial statements and the conceptual framework (IPSAS 1)
- Cash flow statements (IPSAS 2)
- Events after the reporting period (IPSAS 14)
- Segment reporting (IPSAS 18)
- Presentation of financial information (IPSAS 22)
- Presentation of budget information (IPSAS 24)
Examining the balance sheet
- Assets
- Property, plant and equipment (IPSAS 17)
- Intangible assets (IPSAS 31)
- Investment property (IPSAS 16)
- Service concession arrangements: grantor (IPSAS 32)
- Leases (IPSAS 13)
- Impairment of cash-generating assets (IPSAS 26)
- Impairment of non-cash-generating assets (IPSAS 21)
- Inventories (IPSAS 12)
- Liabilities
- Borrowing costs (IPSAS 5)
- Provisions, contingent liabilities and contingent assets (IPSAS 19)
- Employee benefits (IPSAS 25)
- The effects of changes in foreign exchange rates (IPSAS 4)
Changes in accounting policies
- Net surpluses and deficits, changes in accounting estimates and errors (IPSAS 3)
Expenses and revenue
- Definition of revenue (IPSAS 1)
- Revenue from exchange transactions (IPSAS 9)
- Revenue from non-exchange transactions (IPSAS 23)
- Definition of expenses (IPSAS 1)
- Construction contracts (IPSAS 11)
Financial instruments
- Financial instruments: presentation and disclosure (IPSAS 15)
- Financial instruments: presentation (IPSAS 28)
- Financial instruments: recognition and measurement (IPSAS 29)
- Financial instruments: disclosures (IPSAS 30)
Consolidation
- Consolidated financial statements and accounting for controlled entities (IPSAS 6)
- Investments in associates (IPSAS 7)
- Interests in joint ventures (IPSAS 8)
- Related party disclosures (IPSAS 20)
Standards addressing specific topics
- Agriculture (IPSAS 27)
- Financial reporting in hyperinflationary economies (IPSAS 10)
Developments and outlook
Audience
This course is intended for public-sector professionals, chartered accountants and auditors, teachers and students wishing to understand the new IPSAS framework.
Prerequisites
To take this course, you must have a strong command of the traditional accounting framework.
Teaching and assessment methods
- Initial skills assessment
- Training materials provided to participants
- Continuous assessment throughout the course
- End-of-course feedback questionnaire
- Combination of theory and practical application
- Attendance records
- Post-course follow-up evaluation
Dates and sessions
Choose the date and delivery format that suit you.
No upcoming sessions are currently available.