IPSAS – International Public Sector Accounting Standards

BRIEF COURSE INFORMATION

IPSAS – International Public Sector Accounting Standards
Location: UAE
N/A
Category: Finance, Accounting and Banking

COURSE DESCRIPTION

In a world of increasing transparency, there is a growing pressure being placed upon the public module to standardize financial accounting. Standards adopted are the fundamentals for the ‘new world’ of public reporting – inventing greater assurance that public money is being handled effectively.

The aim of this skull session is for participators to understand IPSAS and the framework for public module accounting. This skull session provides an overview of the most important preconditions for preparing financial notes and disclosures under IPSAS.

Course Objectives

By the end of the course, participators will be able to:

  • Identify how IPSAS will fit with their organization
  • Comprehend the core IPSAS values
  • Explain the critical differences in the new standards
  • Recognize what compliant notes will look like
  • Deploy critical strategies for migration to IPSAS standards
  • Set clear steps towards implementation
  • Adopt IPSAS disclosure requirements, plus accounting policies
Who Should Attend?

Public and private module finance and accounting professionals, or managers seeking to upgrade their getting the point of the public module accounting techniques including: professionals who contained a responsibility for auditing or working with public module organizations; corporate governance directors; internal auditors; corporate compliance officials; and board level members who wish to upgrade their getting the point of IPSAS.

Course Outline

Introduction, Principles And Development

  • Background into financial accounting
  • Importance of standards
  • Economic drivers
  • Key principles of Global Accounting Standards
  • The education of Global Accounting Standards
  • Underlying financial principles
  • Disclosure and transparency aspects

Other General Standards

  • International Accounting Standards (IAS)
  • Generally Accepted Accounting Principles (GAAP)
  • The existing international adoption of Global Accounting Standards

Key Organizational Benefits

  • Domestic best practice
  • Global best practice

Effective Implementation Strategy

  • The strategic designing improvement roadmap
  • Mapping regional standards to Global Accounting Standards
  • Resource planning

Migration To IPSAS

  • Scoping dual reporting
  • Financial function migration
    • Phasing and specific practical challenges
  • Strategy sense checks
  • The IPSAS Standards
  • Review of existing IPSAS Standards
  • The correct application of individual IPSAS Standards
  • Overcoming critical challenges
  • Obtaining service and service from International Federation of Accountants

IPSAS Compliant Financial Statements

  • Key IPSAS preconditions within financial statements
  • Producing the statement of financial position
  • Producing the statement of financial performance
  • Producing the cash flow statement
  • Reporting changes in net asset position
  • Producing compliant notes to the accounts
Course Methodology

A variety of methodologies will be used during the skull session that includes:

  • (30%) Based on Case Studies
  • (30%) Techniques
  • (30%) Role Play
  • (10%) Concepts
  • Pre-test and Post-test
  • Variety of Learning Methods
  • Lectures
  • Case Studies and Self Questionaires
  • Group Work
  • Discussion
  • Presentation
Course Fees

This cost includes participant’s manual, Hand-Outs, buffet lunch, coffee/tea on arrival, morning & afternoon of each day.

Course Timings

Daily Course Timings 08:00 – 08:20       Morning Coffee / Tea 08:20 – 10:00       First Session 10:00 – 10:20       Coffee / Tea / Snacks 10:20 – 12:20       Second Session 12:20 – 13:30       Lunch Break & Prayer Break 13:30 – 15:00       Last Session

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