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

The aim of this course is for participants to understand IPSAS and the framework for public sector accounting. This course provides an overview of the most important requirements for preparing financial statements and disclosures under IPSAS.

Training sessions will actively and frequently involve delegates in practical exercises, case study analysis and discussions, assisted by carefully selected multi-media contributions from field leading experts. This will facilitate the development of analytical, evaluation, communication, team and leadership skills through self-directed discovery, peer assisted education and reflective learning.

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

• Identify how IPSAS will fit with their organization
• Comprehend the core IPSAS values
• Explain the key differences in the new standards
• Recognize what compliant statements will look like
• Deploy key strategies for migration to IPSAS standards
• Set clear steps towards implementation
• Adopt IPSAS disclosure requirements, including accounting policies

Public and private sector finance and accounting professionals, or managers seeking to develop their understanding of the public sector accounting methods including: professionals who have a responsibility for auditing or working with public sector organizations; corporate governance directors; internal auditors; corporate compliance officials; and board level members who wish to develop their understanding of IPSAS.

Target Competencies

• Implementing IPSAS standards
• Producing financial statements
• IPSAS Strategies
• International Accounting Standards (IAS)
• Generally Accepted Accounting Principles (GAAP)
• Standards amended in 2016 with effect in 2017
• Standards amended in 2017