[PT2021] INTERNATIONAL PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS) TRAINING
SeminarTraining courses
training at datastat.co.ke
Thu Sep 5 22:08:31 EDT 2024
Datastat
Training Center invites You For
Training
Workshop on:
INTERNATIONAL
PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS)
TRAINING
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Check all our Courses HERE:
5
Days Course Fee= 900 USD
10
Days Course Fee=1800 USD
Online
Training Fee=600USD
INTERNATIONAL
PUBLIC SECTOR ACCOUNTING STANDARDS (IPSAS) TRAINING
Introduction
IPSAS (International
Public Sector Accounting Standards) has been developed to enhance the
quality, consistency, and transparency of public sector financial reporting
worldwide. Issued by the International Public Sector Accounting Standards Board
(IPSASB), they are cash-based standards and accruals standards used for the
preparation of general-purpose financial statements by governments and other
public sector entities around the world.
This
training course is intended to enable the participants to understand IPSAS and
the framework for public sector accounting. The training course provides an
overview of the most important requirements for preparing financial statements
and disclosures under IPSAS, with specific insight. This Datastat training
course will empower you in understanding public sector accounting with special
emphasis on IPSAS by providing practical and detailed knowledge of the key IPSAS
and how they are interpreted and applied.
Duration
10
Days
Course
Fee:
2200 USD
Online
Fee:
1200USD
Register
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HERE
Course
Objectives
The
objective of this training is to enable you in developing your knowledge and
understanding of Public Sector Accounting with special emphasis on International
Public Sector Accounting Standards. You will also learn how to apply them, as
well as the concepts and principles which underpin them.
By
the end of this training you should be able to:
· Describe
the context for Accrual Accounting in public sector entities
· Learn
the key principles of Conceptual Framework for Financial
Reporting
· Learn
the standards applicable to key elements of financial statements
· Learn
the disclosure requirements for public sector entities in financial reports and
notes
· Explain
the requirements of cash Basis IPSAS
Who
should attend?
· All accounting
professionals working in the public sector involved in the preparation of
financial statements
· IPSAS
implementation and maintenance teams
· External
auditors
· Consultants
dealing with financial reporting
· Senior
budget holders
· Policymakers
Course
Outline
Module
1 – Introduction to Public Sector Entities
· Nature
of Public Sector Entities
· Difference
between Public Sector and Private Sector
· Importance
of Budget
· Public
Financial Management
· Financial
Reporting in the Public Sector
· Introduction
to IFAC, IPSASB
· Introduction
to IPSAS
Module
2 – Basis of Accounting
· Cash
basis of Accounting
· Accrual
basis of Accounting
· Modified
Cash Basis
· Modified
Accrual Basis
Module
3 – Accounting for Assets
· Property,
Plant & Equipment
· Inventory
· Intangible
Assets
· Investment
Property
· Leases
· Borrowing
Costs
· Agriculture
· Impairment
of Cash and Non-cash Generating Assets
· Service
Concession Arrangements
Module
4 – Accounting for Revenue Recognition
· Revenue
from Exchange Transactions
· Revenue
from Non-Exchange Transactions
Module
5 – Accounting for Liabilities
· Provisions
· Contingent
Liabilities
· Lease
Liabilities
· Employee
Benefits
Module
6 – Financial Instruments
· Financial
Assets, Financial Liabilities & Equity
· Recognition
of Financial Instruments
· Fair
Value Measurement
· Impairment
of Financial Assets
· Hedging
and Hedge Accounting
Module
7 – Presentation of Financial Statements
· Presentation
of Financial Statements
· Statement
of Cash Flows
· Interim
Financial Reporting
· Selection
of Accounting Policies and Accounting Estimates
· Events
after the reporting period
· Consolidated
Financial Statements
· Presentation
of Budget Information in Financial Statements
Module
8 – Financial Reporting under Cash Basis
· Cash
Basis IPSAS
· Presentation
and Disclosure requirements
· General
Requirements
· First
time adoption of Accrual Basis IPSAS from Local Cash Basis Standards
· Foreign
Currency transactions and balances
Module
9 – First Time Adoption of IPSAS
· First
time adoption of Cash Basis IPSAS
· First
time adoption of Accrual Basis IPSAS from Cash Basis IPSAS
· First
time adoption of Accrual Basis IPSAS from Local Cash Basis Standards
· First
time adoption of Accrual Basis IPSAS from Local Accrual Basis
Standards
TRAINING
METHODOLOGY
The
International Public Sector Accounting Standards (IPSAS) training course will be
presented utilizing facilitated discussions, captivating PowerPoint
presentations, case studies and examples.
CLICK
UPCOMING TRAINING WORKSHOPS:
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ICT
Training Workshops
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Business
Training Wokshops
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Research
and Data Analysis Workshops
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Agriculture
Development Workshops
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