International Public Sector Accounting Standards (IPSAS)

Introduction

IPSAS have been developed to enhance the quality, consistency. and transparency of public sector financial reporting worldwide and has been issued by the International Public Sector Accounting Standards Board (IPSASB).

This GLOMACS International Public Sector Accounting Standards or IPSAS training course enables participants to understand IPSAS and the framework for public sector accounting. This training course provides an overview of the most important requirements for preparing financial statements and disclosures under IPSAS.

This training course will help the participants with the best practices in meeting the challenges of applying IPSAS and to help in achieving their organizational objectives.

Objectives

By the end of this training course, participants will be able to:

• Identify how IPSAS will fit with their organization
• Comprehend the core IPSAS values
• Explain the key differences in the new standards
• Recognize what compliant statements will look like
• Deploy key strategies for migration to IPSAS standards
• Set clear steps towards implementation
• Adopt IPSAS disclosure requirements, including accounting policies

Training Methodology

This IPSAS training course will utilize a variety of proven techniques to ensure maximum understanding, comprehension and retention of the information presented. This training course is highly interactive involving delegates in the discussion, analysis of case studies, videos, and exercises. Where appropriate, these will include real issues brought to the workshop by delegates.

Pre & Post course assessments will be used to measure the effectiveness of this training and measure the skill and ability of participants.

Organisational Impact

This GLOMACS training course is of direct relevance to the public sector and as a result the organizations will benefit greatly from their employee’s participation. The organization will gain from employees with:

• An understanding of the requirements of IPSAS
• Enabling the Boards and organizations to make well informed and appropriate decisions
• It will help senior leaders to reduce risk of noncompliance with IPSAS
• Developing the risk management policy effectively
• Skills to evaluate performance and recommend actions to improve performance
• An ability to work independently and as valuable team members

Personal Impact

This training course will of personally benefit delegates by providing you with:

• A better understanding of the context and importance of the work you do
• Enriched financial management knowledge and gain the latest tools, tips, and strategic thinking to lead your organization.
• Improved knowledge and skills to improve your effectiveness
• An ability to evaluate, analyze and recommend action
• Increased self-confidence and motivation at work
• Greater job satisfaction in providing quality support to management
• Greater ability to supervise, develop and motivate colleagues