Public Sector Financial Reporting
Learn to create transparent and accurate
public financial reports using core accounting frameworks.
19 - 22 July 2022 Johannesburg, South Africa
06 - 09 September 2022 Windhoek - Namibia
17 – 21 October 2022 Dubai -UAE
Register Now! Limited Seats Available!
Public R15, 999.00
Virtual R9, 999.00
Virtual R9, 999.00
Public R15, 999.00,
Virtual R9, 999.00,
$2500.00 USD - DUBAI
Course Description :
A well-run public sector is crucial for the development of a nation and society as a whole. Developing countries need competent, well-qualified public-sector officials who can help to propel them towards their goals. Contribute to your country’s upliftment and economic growth by enhancing your understanding of public-sector administration, management, and finance with our training programs
The objective of the public sector is to provide key services, at low costs, to the people of a nation. This work is administered at national, provincial, and local levels across multiple institutions and various frameworks. Understanding the challenges, purposes, and process of planning and budgeting at the three levels of government, will assists public-service officials – and those working in the private sector alongside government bodies – to better deliver services that improve the well-being of citizens.
On the completion of this course, You will be able to learn:
- An in-depth analysis of the differences between the IFRS, GRAP framework, and the modified cash basis, and how these relate to the creating public sector financial statements.
- Insight into how budget information is included in financial statements, the methodology behind accounting policies, and ways to effectively manage changes in estimates and errors.
- A conceptual framework that allows you to follow the processes required to generate annual financial statements while working with a financial reporting team in the public sector.
- The practical skills to navigate public sector accounting principles and appropriately report on revenue, assets, liabilities, and construction contracts and working capital.
Who Should Attend:
- Financial or non – Financial official from Public Sector entities who applies GRAP/IPSAS e.g.
- Municipal Managers
- Chief Financial Officers
- Departmental/Division Managers (e.g. Assets, Revenue, Expenditure etc.)
- An official involved in GRAP/IPSAS Compliant Annual Financial statements (AFS)compilation or processing of Information included in the AFS
- An official in the employ of the National Treasury as well as the various Provincial Treasuries who advise and guide South African public sector entities in application of GRAP.
Course Outline :
Reporting Environment for Public Sector Entities
- Discover the entities involved in, and relevant reporting frameworks for, financial reporting in the public sector.
Conceptual Framework for Public Sector Financial Reporting
- Explore the various elements that comprise public sector financial statements.
Preparing Financial Statements for Public Sector Entities
- Discover how budget information is included in financial statements, how the statement of cash flows works, and how accounting policies, changes in accounting estimates, and errors are managed.
Accounting for Revenue: Exchange Transactions
- Learn how to appropriately report and disclose revenue from exchange transactions.
Accounting for Revenue: Non-Exchange Transactions
- Learn how to appropriately deal with non-exchange transactions.
Accounting for Non-Current Assets: Property, Plant, Equipment (PPE), and Investment Property
- Explore GRAP standards and learn how non-current assets such as property, plant, equipment, and investment property are accounted for and reported.
Accounting for Non-Current Assets: Intangible, Heritage, and Living and Non-Living Assets
- Discover the guidance on accounting for non-current assets, such as intangible and heritage assets.
Accounting for Non-Current Assets: Impairment of Assets
- Learn how to identify, recognise, and measure impaired assets.
Accounting for Liabilities, Provisions, Contingent Liabilities, and Contingent Assets
- Learn how to account for liabilities, provisions, contingent liabilities, and contingent assets.
Disclosures for Liabilities, Provisions, Contingent Liabilities, and Contingent Assets
- Explore how to identify adjusting and non-adjusting events, and the disclosure requirements for liabilities, provisions, contingent liabilities, and contingent assets.
Accounting for Construction Contracts and Working Capital
- Discover how construction contracts, statutory receivables, and inventory are accounted for.
Modified Cash Basis
- Explore how the accrual basis of accounting differs from the modified cash basis of accounting.
IN HOUSE AND ONLINE TRAINING
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.