International Public Sector Accounting Standards (IPSAS) Training Course
Course Overview
| Course Title | International Public Sector Accounting Standards (IPSAS) Training Course |
| Organization | Tech For Development (T4D) |
| Venue | Tech For Development (T4D) Training Center along Tala Road, Runda, Nairobi |
| Target Industries |
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| Target Job Roles |
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| Course Fees (Face-to-Face) | USD 1,100/KES 75,000 (Exclusive of VAT) |
| Course Fees (Virtual) | TBA |
| Training Modes | Virtual and face-to-face training |
| Payment | Payment should be made to the Tech For Development (T4D) bank account on or before the start of the course |
| Accreditation | Tech For Development Certificate of Course Completion |
Course Overview:
This 5-day course offered at T4D is a comprehensive introduction to International Public Sector Accounting Standards (IPSAS), specifically designed for professionals working in or with the public sector. Participants will gain practical knowledge of IPSAS requirements, focusing on standards for accrual accounting, financial reporting, and transparency. Through case studies and hands-on exercises, the course will explore key topics such as asset management, revenue recognition, and financial statement preparation. By the end of the course, participants will be equipped to apply IPSAS principles to enhance accountability and comparability in public sector financial reporting.
Course Duration:
5 Days
Target Audience:
- Finance and accounting professionals in the public sector
- Government auditors and internal control officers
- Budget and financial analysts working with public funds
- Professionals involved in financial reporting for non-profit and public sector entities
- Anyone interested in implementing or understanding IPSAS standards
Personal Impact:
- Gain a strong understanding of IPSAS standards and their benefits for public sector accounting.
- Develop the skills to produce IPSAS-compliant financial statements.
- Increase proficiency in navigating complex public sector accounting issues.
Organizational Impact:
- Improve financial transparency and accountability in line with global public sector standards.
- Strengthen the organization's financial reporting for increased stakeholder trust.
- Enhance public sector financial performance and resource management.
Course Objectives:
By the end of this course, participants will be able to:
- Understand the purpose and framework of IPSAS and its relevance to the public sector.
- Apply IPSAS principles to public sector financial statements.
- Recognize the differences between cash-based and accrual-based IPSAS.
- Implement IPSAS standards for asset management, revenue recognition, and expenditure.
- Prepare IPSAS-compliant financial reports to enhance transparency and comparability.
Course Modules
Course Outline:
Module 1: Introduction to IPSAS and its Framework
- Overview of IPSAS and the role of the International Public Sector Accounting Standards Board (IPSASB)
- Principles and objectives of IPSAS for public sector accountability
- Differences between IPSAS and local public sector accounting standards
- Practical Exercise: Examining IPSAS-compliant financial statements
Module 2: Accrual vs. Cash-Based IPSAS Standards
- Understanding cash-based and accrual-based IPSAS frameworks
- Transitioning from cash-based to accrual-based IPSAS
- Key accrual concepts: recognition, measurement, and presentation
- Case Study: Benefits of accrual-based accounting in the public sector
Module 3: Financial Statement Preparation under IPSAS
- Structure and components of IPSAS-compliant financial statements
- Accounting for assets, liabilities, net assets, revenue, and expenses
- IPSAS 1: Presentation of Financial Statements
- Practical Exercise: Preparing basic IPSAS-compliant financial statements
Module 4: Key IPSAS Standards in Public Sector Accounting
- IPSAS 17: Property, Plant, and Equipment
- IPSAS 23: Revenue from Non-Exchange Transactions (Taxes and Transfers)
- IPSAS 24: Presentation of Budget Information in Financial Statements
- Real-life Project: Applying IPSAS standards to case-based public sector scenarios
Module 5: Disclosure, Transparency, and Transitioning to IPSAS
- Disclosure requirements under IPSAS
- Ensuring transparency in public sector financial reporting
- Challenges and best practices in transitioning to IPSAS
- Case Study: Review of successful IPSAS implementation in public sector organizations
Course Administration
Methodology
This instructor-led training course is delivered using a blended learning approach comprising presentations, guided practical sessions, web-based tutorials, and group work.
Accreditation
Participants will receive a Tech For Development Certificate of Course Completion.
Training Venue
Held at the Tech For Development Training Centre.
Accommodation & Airport Transfer
Arranged upon request.
Email: letstalk@techfordevelopment.com
Phone: (+254) 790 824 179
Tailor-Made
Customised training available.
Payment
Send proof of payment to letstalk@techfordevelopment.com.
