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Introduction to IPSAS
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COURSE OBJECTIVES: International Public Sector Accounting Standards (IPSAS) are financial reporting standards that are tailored to the specific accounting and financial reporting needs of national, regional and local governments, related governmental agencies, and the constituencies they serve. The objective of this course is to give an overview of the state of the art of these standards and compare them with IFRS.


COURSE CONTENT


  • Basic Principles

    - IPSAS 1 - Presentation of financial statements

    - IPSAS 3 - Accounting policies, changes in accounting estimates and errors

    - IPSAS 14 - Events after the reporting date

    - IPSAS 2 - Cash flow statements

    - IPSAS 9 - Revenue from exchange transactions

    - IPSAS 23 - Revenue from non-exchange transactions (taxes and transfers)

    - IPSAS 11 - Construction contracts

    - IPSAS 12 - Inventories

  • Presentation and disclosure

    - IPSAS 18 - Segment reporting

    - IPSAS 20 - Related party disclosures

    - IPSAS 22 - Disclosure of information about the general government sector

    - IPSAS 24 - Presentation of budget information

  • Assets

    - IPSAS 5 - Borrowing costs

    - IPSAS 16 - Investment property

    - IPSAS 17 - Property, plant and equipment

    - IPSAS 21 - Impairment of non-cash generating assets

    - IPSAS 26 - Impairment of Cash-generating assets

  • Liabilities

    - IPSAS 13 - Leases

    - IPSAS 19 - Provisions, contingent liabilities and contingent assets

    - IPSAS 25 - Employee benefits

  • Financial instruments

    - IPSAS 15 - Financial instruments: Disclosure and presentation

  • Consolidation

    - IPSAS 6 - Consolidated and separate financial stateùe,ts

    - IPSAS 7 - Investments in associates

    - IPSAS 8 - Interests in joint ventures

    - IPSAS 4 - The effects of changes in foreign exchange rates

    - IPSAS 10 - Financial Reporting in hyperinflationary economies

  • Other

    - Cash basis IPSAS - Financial reporting under the cash basis of accounting

    - Applicability of international standards on auditing to audits of financial statements of government business enterprises

    - Expected future developments


WHO SHOULD ATTEND


Government Officials, Financial Directors, Financial Controllers, Financial Analysts, Auditors & Accountants in the Public Sector and advisors to the public sector.


This course is designed to be run either as an in-house course or as a training pool title only. For more information on how the training pool works please click on the Quorum Training Pool item in the menu on the left of this page.


To enquire about this course please complete the enquiry form or call our in-house course bookings team on 0207 566 8207.




Fees (ex VAT)