Technical Programmes

Detailed IPSAS Training Course

January 28, 2020

Course Duration: Tailored

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This tailored course provides an overview & high-level discussions on the IPSAS, recent developments and changes in the framework & awareness of Exposure Drafts and frequently asked IPSAS questions.

IPSAS standard

1. Accounting for transactions – General

  • IPSAS as Accounting framework for public sector entities (IPSAS Framework)
  • Accounting for changes in accounting policies, changes in accounting estimates and errors (IPSAS 3)
  • Preparation of the Cash Flow Statement (IPSAS 2)
  • Accounting for events after the reporting date (IPSAS 14)
  • Accounting for foreign exchange transactions (IPSAS 4)
  • Accounting for employee benefits (Defined benefit Plans) (IPSAS 25)
  • Accounting for financial instruments
  • Related party disclosures ( IPSAS 20)
  • Borrowing cost (IPSAS 5)
  • Presentation of Financial Statements (IPSAS 1)
  • Segmental Reporting (IPSAS 18)
  • Budget Information on Financial Statements (IPSAS 24)

2. Accounting for Assets

  • Accounting for Property, Plant and Equipment  (IPSAS 17)
  • Inventories (IPSAS 12)
  • Investment Property  (IPSAS 16)
  • Intangible Assets  (IPSAS 31)
  • Agricultural assets (IPSAS 27)

3. Accounting for liabilities

  • Accounting for provisions, contingent- & contingent assets  
  • Accounting for leases
  • Consumer deposits
4. Accounting for Revenue (IPSAS 9 & IPSAS 23)
5. Accounting for unauthorised, irregular; fruitless and wasteful expenditure

6. Transfer of functions / mergers

  • Between entities under common control
  • Between entities not under common control
7. Accounting for Funds and Reserves