Nigerian Seminars and Trainings

Search all upcoming seminars, conferences, short management courses and training in Nigeria and around the World

business logo

International Public Sector Accounting Standards (IPSAS) Workshop

By: McTimothy Associates Consulting LLC  

United Arab Emirates

12 - 16 Aug, 2024  5 days

Follow Event

  

NGN 350,000

Get 10.00% off

Venue: Dubai: Park Regis Business Bay, ParkLane Tower Dubai - United Arab Emirates\\\\r\\\\n

Event Video

Other Dates

Venue Date Fee  
Ghana: Best Western Plus Hotel, 55 Beach Drive, Nungua, Accra-Ghana., Ghana 26 - 30 Aug, 2024 USD6500

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.

Course Methodology

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.

Course Objectives

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.

Target Audience

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)

Course Outline

  • Introduction, principles, and development
  • Background into financial accounting
  • Importance of standards
  • Economic drivers
  • Key principles of Global Accounting Standards
  • The development of Global Accounting Standards
  • Underlying financial principles
  • Disclosure and transparency aspects
  • Other general Standards
  • International Accounting Standards (IAS)
  • Generally Accepted Accounting Principles (GAAP)
  • The current global adoption of Global Accounting Standards
  • Key organizational benefits
  • Domestic best practice
  • Global best practice
  • Effective implementation strategy
  • The strategic planning process roadmap
  • Mapping regional standards to Global Accounting Standards
  • Resource planning
  • Migration to IPSAS
  • Scoping dual reporting
  • Financial function migration
  • Phasing and specific functional challenges
  • Strategy sense checks
  • The IPSAS Standards
  • Review of current IPSAS Standards
  • The correct application of individual IPSAS Standards
  • Overcoming key challenges
  • Obtaining guidance and support from International Federation of Accountants
  • IPSAS compliant financial statements
  • Key IPSAS requirements within financial statements
  • Producing the statement of financial position
  • Producing the statement of financial performance
  • Producing the cash flow statement
  • Reporting changes in net asset position
  • Producing compliant notes to the accounts
Dubai: Park Regis Business Bay, ParkLane Tower Dubai - United Arab Emirates\\\\r\\\\n Aug 12 - 16 Aug, 2024
Ghana: Best Western Plus Hotel, 55 Beach Drive, Nungua, Accra-Ghana., Ghana 26 - 30 Aug, 2024
NGN 350,000.00(5% Group Discount for 3-5 participants, or 10% Group Discount for 6 and above participants)
USD 6,500.00(5% Group Discount for 3-5 participants or 10% Group Discount for 6 and above Participants)
NGN 350,000.00(5% Group Discount for 3-5 participants or 10% Group Discount for 6 and above Participants)
USD 6,500.00(5% Group Discount for 3-5 participants or 10% Group Discount for 6 and above Participants)
(Convert Currency)

McTimothy Associates 2347034854045, 2348150425712

5% Group Discount for 3-5 participants or 10% Group Discount for 6 and above Participants
McTimothy Associates' Global Faculty Members
NST PPC Advert

Related Courses

Advanced Excel Simplified for Financial Analysis Course Advanced Excel Simplified for Financial Analysis Course

3 days, 19 - 21 Jun, 2024 

2024-06-19 12:06:00 2024-06-19 12:06:00
Lagos State, Nigeria

McTimothy Associates Consulting LLC

It is a fact: Excel is the accountant's, finance and business professional's best friend! Companies everywhere are overwhelmed with the abundance of unstructured and unclean data. ...

Mega City Logistics: Road Traffic Management in Metropolitan and Smart Cities Mega City Logistics: Road Traffic Management in Metropolitan and Smart Cities

5 days, 04 - 08 Nov, 2024 

2024-11-04 12:11:00 2024-11-04 12:11:00
United Arab Emirates

McTimothy Associates Consulting LLC

The training course on "Road Traffic Management in Metropolitan and Smart Cities" provides a comprehensive understanding of the challenges and strategies involved in effectively managing ...

​Warehouse Management Skills for Supervisor Course ​Warehouse Management Skills for Supervisor Course

3 days, 06 - 08 Jun, 2024 

2024-06-06 12:06:00 2024-06-06 12:06:00
Lagos State, Nigeria

McTimothy Associates Consulting LLC

Warehousing operations are at the heart of the supply chain of any organization. The ability to secure the storage and flow of supplies with an eye on balancing costs with desired service levels ...

Developing HR Competencies, Design, Development and Implementation Course Developing HR Competencies, Design, Development and Implementation Course

3 days, 17 - 19 Jul, 2024 

2024-07-17 12:07:00 2024-07-17 12:07:00
Lagos State, Nigeria

McTimothy Associates Consulting LLC

Turning the human resources practice in an organization into a systematic approach based on factual observations and numbers is how the HR profession will go to the next level. Providing line ...