International Public Sector
Accounting Standards (IPSAS)

Enhancing the Quality, Consistency & Transparency
Of Public Sector Financial Reporting.

13 - 17 November 2023
Sandton Centre, Johannesburg South Africa

Register Now! Limited Seats Available!

R16, 999.00 Per Delegate

To Register Click here...

Course Description :

In today’s economy, the dubbed traditional public sector accounting no longer suffices.  There is much needed attention for a role model in business accounting that differed significantly from private sector accounting.  The recent adoption of International Public Sector Accounting Standards (IPSAS) underpins quality and credibility of financial reporting and public confidence.

This training course provides a holistic approach in terms of comprehending the guidelines of IPSAS and new accounting framework of public sector entities.  Delegates will benefit for real case studies tackling the challenges of financial reporting and disclosure requirements under IPSAS.

This training will feature:

  • Understanding International Accounting Standards (IAS)
  • Learning Generally Accepted Accounting Principles (GAAP)
  • Developing IPSAS Strategies
  • Implementing IPSAS standards
  • Producing financial statements

By the end of this course, participants will be able to: 

  • Understand the organization of implementing IPSAS
  • Comprehend the core IPSAS values
  • Explain the key differences in the new standards
  • Understand the financial reporting requirements under IPSAS
  • Set clear steps toward IPSAS implementation
  • Adopt the IPSAS disclosure requirements, including accounting policies

Who Should Attend:

  • Board level members who wish to develop their understanding of IPSAS
  • Public sector finance and accounting personnel
  • Auditing Professionals working with public sector organizations
  • Corporate governance directors
  • Internal auditors
  • Corporate compliance officials
  • Professionals seeking to develop their understanding of the public sector accounting methods.

Course Outline :

Session One: Introduction to IPSASB and IPSAS

  • The challenges of accounting in the public sector
  •  The characteristics of public sector entities
  • Presentation of the Board (IPSASB)
  • IPSASB organization
  • The relationship between IPSASB and IPSAS
  • The purpose of financial statements and any ongoing projects

Session Two: Financial Statements Presentation and Accounting Policy

  • Key IPSAS requirements within financial statements: IPSAS 1
  • Producing the statement of financial position
  • Producing the cash flow statement: IPSAS 2
  • Accounting policies, changes in accounting estimates, and errors: IPSAS 3
  • Segment reporting: IPSAS 18
  • Disclosure standards and other topics, presentation of budget information: IPSAS 24
  • Reporting changes in net asset position
  • Producing compliant notes to the accounts

Session Three: Financial Information: Revenues, Cash & Budget

  • Non-exchange revenue: IPSAS-23
  • Exchange revenue: IPSAS- 9
  • Construction contracts: IPSAS- 11
  • The statement of cash receipts and payments
  • Presentation of budget information in the financial statements

Session Four: Accounting for Assets and Liabilities

  • Investment property, Property plant and equipment: IPSAS- 16&17
  • Intangible assets and impairment: IPSAS- 31, 21 & 26
  • Inventories: IPSAS- 12
  • Borrowing costs Leases: IPSAS-5 & 13
  • Financial instruments: IPSAS- 28, 29&30
  • Provisions & Contingent liabilities and contingent assets: IPSAS 19

Session: Disclosures and Consolidation

  • Disclosures
  • Related party disclosures: IPSAS 20
  • Disclosure of financial information about the general government sector: IPSAS 22
  • Consolidation under the cash basis
  • The additional (non-mandatory) disclosures
  • Case studies
End of the Workshop

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IN HOUSE AND ONLINE TRAINING

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While both In-House and Online training can present with cost-effectiveness and time-efficacy, there are some very specific differences between in-house courses and those based online.
The demand for additional courses by individuals or groups of people is increasing. Still, it depends entirely on the preferences of a person what type of training he or she wants to receive. Online courses and in-house training carry some similarities but they are considered to exhibit some very pivotal differences too. Despite that, both types of learning can be really beneficial for attendees.

For Registration and other Training arrangements,
contact us on the detail below.
SOUTH AFRICA Tel: +27 11 057 6001
TANZANIA Tel: +255 769 688 544
KENYA Tel: +254 11 353 1082
WhatsApp +27 79 574 0389
info@bmktraining.co.za / www.bmktraining.com