International Public Sector Accounting Standards (IPSAS)

London Corporate Training
Training overview
Corporate / Group Training
On-site
1 week
Start dates
Worldwide
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COVID-19 Update

This provider offers an online version of their classroom courses

This provider has changed its terms and conditions to allow for rebooking/an amended cancellation policy in light of COVID-19

Training content

This International Public Sector Accounting Standards (IPSAS) course will cover:

Private and Public Standards - how they have Evolved

  • The background and evolution of financial standards around the world
  • International Financial Standards for Private and Public Sectors compared
  • Underlying financial and accounting principle
  • Benefits to the organisations and investors
  • Application of standards world-wide

IPSAS and IFRS Convergence

  • IPSAS and IFRS – Board structures of Governing Bodies and Due Process
  • IPSAS and IFRS – similarities and differences summarised
  • Budgeting in the Private and Public Sectors compared
  • Disclosure and transparency aspects
  • Accounting issues covered by IFRS with no equivalent IPSAS?

IPSAS and IFRS Effective Implementation and Benefits

  • Planning for transition and implementation – identification of key issues
  • Choosing your approach – “Big Bang” or phased
  • Scoping the project
  • Project team structure and roles
  • Milestone planning
  • Managing issues and communication
  • Critical success factors

Key Principles of International Standards for the Public Sector

  • Different users of public sector financial information
  • Underlying financial and accounting principle
  • Which public sector entities it should be applied to?
  • Benefits to the organisations and stakeholders
  • Cash-based or Accrual based – which is the route to take?

Preparation of IPSAS Compliant Financial Statements

  • IPSAS 1 – disclosure and policies
  • Statement of financial position – key features, issues and content
  • Statement of financial performance – key features, issues and content
  • Statements of changes in net assets/equity - key features, issues and content.
  • Comparison with budgets

Costs

Please contact us for more information on pricing.

Why choose London Corporate Training?

We have trained over 2,500 delegates from almost 600 client organisations

Complimentary Heathrow transfer (one-way)

Endorsed by various organisational and subject specific accrediting bodies

About London Corporate Training

London Corporate Training (LCT)

London Corporate Training have been established in the education, consulting and training industries for two decades. They work as a training team from their head office in London and aim to ensure all of their course participants receive the highest...


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