IPSAS Public Sector Benefits

Description

Introduction 

This course provides an overview of the most important requirements for preparing financial statements and disclosures under accrual-based IPSAS, focusing on employee benefits and provisions.

The 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 applicable to employee benefits and provisions is illustrated by using short case studies.

Course Content

• Calculating the pension asset/ liability
• Introduction to short-term benefits including compensated absences
• Recognition rules, bonus and profit-sharing arrangements

Learning Outcomes

• Determine how to calculate the pension asset/ liability in the statement of financial position
• Understand accounting for short-term
  benefits including compensated absences (e.g. holiday and sick time)
• Apply recognition rules to deferred compensation, bonus and profit-sharing arrangements