International Public Sector Accounting Standards (Ipsas) Fundamentals- Accrual Basis

At the end of the workshop, participants will be able to learn:

• What are the current requirements for presentation of accrual basis IPSAS financial statements and related disclosures?
• Where can guidance on IPSAS be found?
• How have the IPSAS recently changed?
• What are the likely future requirements of IPSAS?
• What practical issues commonly arise when implementing IPSAS?
• What are the recommendations for transitioning from the cash to the accrual basis of accounting?

CONTENT

• Understand Accrual Based IPSAS requirements, including accounting policies and disclosures
• Overview of Accruals Basis IPSAS
• Implement the IPSAS recognition and measurement rules for assets, liabilities, revenues and expenses
• First Time Adoption, Transition and Implementation
• Overview of Cash Basis IPSAS
• IPSAS vs. IFRS Comparison
• Learn the requirements for presentation of IPSAS financial statements and related disclosures
• Plan ahead for issues that arise when transitioning from the cash basis to the accrual basis of accounting
• Identify transitional provisions in IPSAS standards
• IPSAS - Financial Instruments
• Increase planning opportunities through awareness of likely future IPSAS changes
• Learn the sources of IPSAS guidance that are available

TRAINING METHODOLOGY

The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.