International Public Sector Accounting Standards (IPSAS)

Details

This course is designed to provide an in-depth understanding of the IPSAS and their implementation within the public sector. It will cover the key IPSAS standards, the differences between cash-based and accrual-based IPSAS, and the process of transitioning from national accounting standards to IPSAS.

Target Group

This course is suitable for finance and accounting professionals in the public sector, internal and external auditors, consultants, and anyone involved in the preparation or auditing of financial statements in the public sector.

Goals

• Understanding the main concepts and principles of IPSAS.
• Examining the differences between cash-based and accrual-based IPSAS.
• Gaining insights into the transition process from national accounting standards to IPSAS.
• Learning about the practical challenges and solutions in implementing IPSAS.
• Enhancing abilities to prepare IPSAS-compliant financial statements.
• Developing strategies for effective IPSAS implementation.

Target Competencies

• Understanding of IPSAS
• Preparation of IPSAS-compliant financial statements
• IPSAS implementation planning and management
• Change management for IPSAS implementation
• Understanding of IPSAS's impact on public sector governance

Outlines

Introduction to IPSAS:

• Overview of the IPSAS standards
• Key principles and requirements of IPSAS
• Understanding the IPSAS conceptual framework
• Benefits and challenges of IPSAS implementation
• Differences between national standards and IPSAS

Cash-Based IPSAS vs Accrual-Based IPSAS:

• Overview of cash-based IPSAS
• Overview of accrual-based IPSAS
• Transition from cash-based to accrual-based IPSAS
• Key challenges and solutions in transition
• Case studies of IPSAS implementation in different countries