Course not currently available
International Public Sector Accounting Standards
Course
In Bedfordshire ()
Description
-
Type
Course
This course provides practical guide and updates on recent International Public Sector Accounting Standards (IPSAS). Financial accountants, directors and senior managers will find it helpful in updating their knowledge in ways to apply some of the financial standards when preparing their organisation's financial statements. Read more Read less International Public Sector Accounting standards (IPSAS) for Government Owned Entities and Organisations is designed to assist government sector organisations and their managers in countries where IPSAS has been adopted or planned to be adopted, understand the application, requirements and implementation of the standards as required by the International Public Sector Accounting Standard Board (IPSASB). The course is a 3-day programme that provides the necessary skills required for a smooth application of IPSAS.
Reviews
Subjects
- Financial Reporting
- International
- Financial
- Public
- Government
- Public Sector
- Financial Training
Course programme
- Have an appreciation of the transition to IPSAS as it may affect your organisation
- Understand the theoretical and conceptual foundation and bedrock of financial reporting as contained in the Conceptual Framework
- Obtain an overview of the core differences between the Nigerian GAAP as currently used by your organization and IPSAS
- Undertake a thorough study of the contents of each IPSAS in issue that is applicable to your industry and obtain the technical knowledge and guidance necessary for applying them in the financial reporting
- Keep abreast with current developments on IPSAS
- Have an overview of the stages in IPSAS conversion process, the challenges and key success factors and be able to make the conversion process a very successful one.
Core content
- Presentation of financial statements; Effect of changes in foreign exchange rates
- Financial reporting under Cash basis of accounting; Service concession arrangement; Financial instruments; Impairment of cash generating assets
- Employee benefits; Budget information in financial statements; Revenues from non –exchange transactions; Disclosure of financial information about general Government sector
- Related party disclosures; Property, plant and equipment; investment property; Events after reporting date; Revenues from exchange transactions; Interest in joint venture; Investments in associates; Borrowing cost
- Construction contracts; Financial reporting in hyperinflationary economies.
- Participants will be required to review their local accounting standards and organisation’s practice in the treatment of the topics
- This may involve bringing copies of their past financial statements.
- Updates on your organisation’s IPSAS programme (if applicable)
- Practical preparation of your organisation’s financial statements.
International Public Sector Accounting Standards