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IPSAS Foundation

This two-day course provides an overview of the background of the IPSAS Board and its objectives. In addition to an overview of current accrual-based IPSAS, our expert instructor provides basic information on financial reporting under the cash basis of accounting. Course delegates also receive up-to-date information on IPSASBs current exposure drafts and projects. Application of the requirements, issues and opportunities is illustrated through the use of short case studies, questions and quizzes. This program answers questions such as:

What are the current and likely future requirements of IPSAS? How have the IPSAS recently changed? Which countries or entities apply IPSAS? What is considered an entity and a group entity under the IPSASs in the public sector? What are the differences between IAS/IFRS and IPSAS? Where can guidance on IPSAS be found?

1.1.1.1 Prerequisites

Understanding of basic accounting principles based on any national standards in the public sector. No advance preparation is required for this course.

1.1.1.2 Topics

Introductionto IPSAS Brief history Improvements Project (revised IPSAS and Preface) Scope of IPSAS Sources of guidance Accounting for Government Business Enterprises (definition and accounting requirements) IFAC and the IPSAS Board Differences between IAS/IFRS and IPSAS Adoption of IPSAS Reporting and Disclosure IPSAS 1 Presentation of Financial Statements Required financial statements Structure Content IPSAS 2 Cash Flow Statements Cash and cash equivalents Operating, investing and financing activities IPSAS 24 Presentation of Budget Information in Financial Statements

Requireddisclosures Comparison of budget and actual amounts Materialdifferences ExpectedFuture Developments Exposure drafts IPSASB projects Consultation papers Projects in Process Resources and referencematerial Where to find information about IPSASs Research Papers Public Sector Studies

1.1.1.3 Course Benefits


Understand the background of the IPSASs. Understand how to apply the IPSASs and identify the differences with IFRS/IAS. Understand the concept of the IPSAS and the elements of an IPSAS compliant financial statement. Guidance on how to find more information on the IPSASs.

1.1.1.4 Who should attend?

This course is especially interesting for:


Any professional in a Finance Position in the Public Sector. Auditors and Accountants serving the Public Sector. Consultants serving the Public Sector. Chief Accountants. Public Sector Finance Directors. Heads of Finance in the Public Sector. Finance Managers. Financial Controllers.

1.1.1.5 Number of days and CPE Credits

This two days course is eligible for 16 CPE Credits.


Course IPSAS Foundation IPSAS Foundation IPSAS Foundation IPSAS Foundation IPSAS Foundation Days 2 2 2 2 2 City Kuala Lumpur Port of Spain London Beirut Nairobi Country Malaysia Trinidad United Kingdom Lebanon Kenya Start 17-7-2011 4-7-2011 1-8-2011 15-8-2011 1-9-2011 Finish 18-7-2011 5-7-2011 2-8-2011 16-8-2011 2-9-2011 Fee $1.500 $1.500 $1.500 $1.500 $1.500