Certificate in IPSAS – Accrual Accounting for Public Sector
LEORON Professional Development Institute
Course description
Certificate in IPSAS – Accrual Accounting for Public Sector
The recent financial crisis and associated financial safeguards implemented across all business sectors have seen 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.
Who should attend?
Who Should Attend?
This highly practical and interactive course has been specifically designed for
- Organisations seeking improved credibility in the international arena with improving fiscal transparency and accountability
- 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 awareness about IPSAS through considering the benefits and challenges associated
Training content
Day one
- IPSAS – Overview and Context
- IPSAS – Concepts and Core Principles
- IPSAS – Implementation Challenges
- IPSAS Cash
- Presentation of Financial Statements (IPSAS 1 / IAS 1)
- Accounting Policies, Changes in Accounting Estimates and Errors (IPSAS 3 / IAS 8)
- INTRODUCTION: Classification as Inventory or Property, Plant and Equipment
Day Two
- Inventories (IPSAS 12/IAS 2)
- Property, Plant and Equipment (IPSAS 17/IAS 16)
- Intangible Assets (IPSAS 31/IAS 38)
- Borrowing Costs (IPSAS 5/IAS 23)
Certification / Credits
Key Takeaways
- Improved knowledge and understanding of the global trends for public sector accountability and reporting.
- Practical understanding of the transition challenges and approaches in moving to Internationally accepted reporting norms such as IPSAS.
- Apply IPSAS standards to ensure Improved Accountability via providing a complete and accurate view of an entities operations and performance.
- Achieve Greater Transparency within your entity regarding your use of primary resources and resulting liabilities.
- Achieve greater harmony within the entityu2019s reporting and financial statements as a way to encourage and enhance organisational goal congruence.
Why choose Leoron?
LEORON has worked with some of the largest companies in the World - but importantly we care about the individual. Through our Customer Happiness Team we ensure that everyone who attends a LEORON course has the support before, during and after to ensure their training needs are met.
We offer the highest level of training delivery, whether that be in our live-virtual training or in-classroom sessions, with our expert instructors guiding you through everything so that you’re left feeling assured and confident to utilize your new knowledge going forward.
About Leoron
LEORON Professional Development Institute
LEORON is the fastest growing global training institute in the World, having evolved over the past 11 years into a dominant training institute that offers a comprehensive set of training and development solutions to both individuals and businesses. Our locations...
