Course Description
This course will help our clients to assist not only in meeting the challenges of introducing International Public Sector Accounting Standards (IPSAS) but also to secure the benefits of improved financial management to help secure organizational objectives and goals of each public service organization. It will also compare IFRS against International Public Sector Accounting Standards so that the participants can see the main differences.
What Do Participants Learn?
- Understand The Technical Bases
- Understand The Standards
- Understand Financial reporting
- Satisfying donor & stakeholder requirements
- Implications for Internal and External Audit
- Impact on financial processes and systems
- Implementation
- How to formulate a documented action plan
- How to manage substantial financial resources
- How to develop skills to aid implementation, capacity development, benefits realization and risk management plans
Who Should Attend?
- Managers
- Bankers
- Financial officers and planners
- Auditors
- Anyone interested and wanted to develop his performance in finance
What Will the Learning Experience Include?
Phase: 1
Introduce
- Comprehensive pre-program activities include:
- Web-based information forms & surveys completed by attendee.
- Direct consultation with the attendee about the expectations.
- During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
- Participants learn from expert trainers who have both academic and business experiences.
- Highly applicable training content & instructive activities for adding depth to training topics.
- **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Phase: 2
Explore & Practice
Phase: 3
Apply
- Apply & sustain the learning experience by using this ongoing support:
- To ensure participant has new skills or behavior progress.
- Optional, fee-based mentoring & coaching with the trainer.
- Training materials & additional documents (e-books, pdf files, presentations and articles)
- Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
- Participant's Evaluation
- Trainer's Evaluation
Phase: 4
EVALUATE
Section One: Introduction to Introducing International Public Sector Accounting Standards
- Introduction
- The Conceptual Basis of Government Accounting
- Reporting on the full cash basis (IPSAS statement: Financial Reporting under the Cash Basis of Accounting)
- Progress towards accrual accounting
- IFAC
- Financial reporting
- Auditing
Section Two: Why The Need For IPSAS
- Why IPSAS
- Stewardship
- Public sector Accounting
- Introduction to IPSAS standards
- Accrual vs Cash accounting
Section Three: United Nations Case Study
- IPSAS and Accounting rules
- Some IPSAS key concepts
- Adoption of IPSAS at UNDP case study
- UNSAS vs IPSAS
- Progress Report on the Adoption of IPSAS at
- UNDP, UNFPA and UNOPS case study
Section Four: Implementation of IPSAS
- The transition from Cash to Accrual Accounting by Governments
- IPSAS IMPLEMENTATION – ISSUES AND IMPACT
- The Standards
- The Unified chart of accounts
- Budgeting with IPSAS
- The GPFS
- Benefits of adopting IPSAS
- Financial statements
- Revenues & Receivables
Section Five: Specific IPSAS Rules
- Payables & Expenses
- Inventories
- Intangible Assets
- Leases
- Provisions, Contingent Liabilities, and Contingent Assets
- Pre-Financing
- Budgeting with the NCOA
- GPFS – Cash Basis
- GPFS – Accrual Basis
- Interpretation of GPFS
- The Impact of IPSAS on auditors and internal control system
- The Role of ICT
- Another IPSAS statement