Advanced IPSAS Implementation

Course Outline

Overview

The course provides an overview of IPSAS and key detailed applications.

The course will also include a site visit to an organization relevant to the course so delegates can develop an understanding of how their contemporaries function in the real-world.

The course will wrap with a summary of the key learning points, followed by an action planning exercise with a view to apply the acquired knowledge and skills immediately upon your return to work. Post-course support is also available in relation to the implementation of your action plan, up to six (6) months following course completion.

Agenda

Overview of IPSAS

• The need for IPSAS and its relationship to IFRS
• The International Public Sector Accounting Standards Board (IPSASB)
• The Conceptual Framework
• Overview of standards

IPSAS – Financial Reporting

• The objectives of financial reporting
• What has to be included in financial statements
• Understanding the treatment of income and costs
• Understanding the treatment of assets and liabilities

IPSAS Implementation

• The transition from cash to accrual accounting
• The transition to IPSAS
• Budgeting under IPSAS
• Future IPSAS considerations

Site Visit

• Industrial visit to a relevant organization.
• An insight into the internal working of companies.
• An opportunity to learn through interaction with practising professionals.

Course Review

• Summary and recap of key learning objectives
• Action Planning

Target Audience

This course is suitable for:

• Financial staff in national, state, provincial and local governments, government agencies, boards and departments involved in the preparation of financial statements and budgets
• Financial staff in national, state, provincial and local governments, government agencies, boards and departments involved in the adoption of IPSAS.
• Finance staff moving from private to public sector employment.
• Analysts and non-financial staff who need to understand IPSAS but are not necessarily practitioners.

Learning Outcomes

Upon completion of this course, you will understand:

• The description and explanation of IPSAS.
• How IPSAS has changed financial management in the public sector.
• The reporting requirements under IPSAS.
• A practical perspective into contemporary work practices in your field.
• How to implement an Action Plan at your workplace using the knowledge and skills acquired through the course.