IPSAS Accounting

Description

Introduction 
This course provides an overview of the most important requirements for preparing financial statements and disclosures under accrual-based IPSAS.

IPSAS accounting and disclosure requirements are explained in clear, simple language and illustrated with model financial statements and real-world examples. Application of the various standards is illustrated through the uses of short case studies. Besides reviewing current accrual-based IPSAS, our specialist instructors provide guidance on transitioning to the accrual basis. Course delegates also receive a high-level overview of the status of IPSAS current exposure drafts.

Course Content

• Introduction to IPSAS
• Reporting and disclosure and Non-current assets
• Revenues & related costs
• Liabilities and expenses
• Financing and financial instruments
• Consolidations and strategic investments
• Other presentation & disclosure standards
• Transitioning to the accrual basis of accounting

Learning Outcomes

• Understand accrual-based IPSAS requirements, including accounting policies and disclosures
• Implement the IPSAS recognition and measurement rules for assets, liabilities, revenues and expenses
• Learn the requirements for the presentation of IPSAS financial statements and related disclosures
• Plan ahead for issues that arise when transitioning from the cash basis to the accrual basis of accounting
• Identify transitional provisions in IPSAS standards
• Increase planning opportunities through awareness of likely future IPSAS changes