International Public Sector Accounting Standards (IPSAS) are being introduced in almost every country in the world. International Financial Reporting Standards (IFRS) have replaced International Accounting Standards (IAS) and are now becoming the world standard, but in many ways this is not specific enough for the needs of the public sector, so the United Nations and World Bank favour IPSAS, which is a modified form of IFRS tailored to the public sector.
This course helps delegates meet the challenges of introducing IPSAS and secure the benefits of improved financial management to help secure organisational objectives and goals of their public service organisation.
Who Should Attend
- Finance professionals in the public sector, anyone who requires an understanding of international financial reporting standards within the public sector, accountants and finance staff at all levels involved in the preparation of financial statements, IFRS and IPSAS implementation and maintenance teams, internal auditors and consultants dealing with financial reporting.
Delegates will gain knowledge and skills to:
- Describe clearly the background to IPSAS and its introduction to the public sector
- Identify and apply the links and implications to and for broader strategies, including financial management, taxation, asset management, governance and accountability
- Understand the accounting standards and their implementation issues
- Explain how introducing IPSAS in the public sector will have implications for internal and external audits
- Know the accounting requirements of IPSAS
- Develop the skills to aid implementation, capacity development, benefits realisation and risk-management plans
Key Course Highlights
- Unique learning and assessment programme tailored for the public sector
- High quality and practical programme developed by public sector financial reporting experts
- Supports both direct IPSASs adoption and implementation of IFRSs modified for the public sector
- Financial reporting transparency