Advanced Accrual-based IPSAS

Upon completion of this course, you will be able to understand:

• Accrual-based IPSAS as well as the conceptual framework underlying these standards – currently a suite of 38 standards (however IPSAS 35– 37 will replace the existing IPSAS 6 – 8).
• A number of IPSAS that have been updated, and as a result we will see some changes in IPSAS over the coming few years.
• The IPSASB work-in-progress.

CONTENT

Accrual-based IPSAS: Part 1

• The IPSASB conceptual framework and key accrual accounting concepts
• Financial statements
• Disclosure standards
• Long-term (non-current assets)
• Current assets
• Service concession arrangements: grantor
• Leases and leasing arrangements

Accrual-based IPSAS: Part 2

• Revenues and expenses
• Employee benefits, social benefits, and other liabilities
• Provisions and contingencies
• Budget reporting
• Financial instruments
• Consolidations and strategic investments
• Specific standards: accounting for agriculture and accounting in hyperinflation economies
• Recommended practice guidelines

TRAINING METHODOLOGYThe training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.