IPSAS (International Public Sector Accounting Standards)

Attend this comprehensive 5–day training course and learn how to: Apply IPSAS standards to ensure improved accountability via providing a complete and accurate view of an entities operations and performance Improve overall management and planning via the application of more precise estimates of income and expenditure and effective usage of assets and liabilities Achieve greater transparency within your entity regarding your use of primary resources and resulting liabilities Provide a strong system of support for results-based management through achieving the development and utilisation of more comprehensive information about costs and cost budgets Achieve greater harmony within the entity’s reporting and financial statements as a way to encourage and enhance organisational goal congruence Course Description In recent years, there have been even greater pressures exerted on public budgets with governments and public sector entities encountering growing pressure to provide high-quality transparent financial statements, clear and decisive financial management approaches and enhanced operational allocation and performance measures related to public funds. IPSAS (International Public Sector Accounting Standards) provides a sounds basis for public entities to demonstrate sound accrual accounting and budgeting techniques, and with its emphasis on performance-based management being a core competency, requires entities to adopt a fresh and innovative approach to developing new skill sets. This course offers the learner a comprehensive understanding of the essential elements of IPSAS; beginning by building on the foundations laid by the IASB’s mainstream IFRS standards and then looking at these concepts within the framework of the public entity. The course develops key skills competencies through the application of sound theoretical content within a practical, real-life inspired case-study based environment. Who should attend? This course has been specifically designed for the benefit of: Organisations, including governments and public sector entities, that are currently implementing or considering implementing IPSAS as a basis for accounting Organisations wishing to gain an overview of IPSAS and understand what implications adopting these standards may have on their organisation Financial professionals operating within the finance departments of public entities Increasing your staff’s awareness about IPSAS through considering the benefits and challenges associated