International Public Sector Accounting Standards (IPSAS) For Managers, Directors and Stakeholder

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  • Start Date

    03 Aug, 2020

  • End Date

    14 Aug, 2020

  • Price

    $5,500

  • WiFi

    Free wifi available

Event Details

At the end of the workshop, participants will be able to learn:

  • Background to IPSAS
  • The Technical Bases
  • Links and implications to and for broader strategies: Financial Management, Taxation, Asset Management, Governance and accountability
  • The Standards
  • Financial reporting
  • Satisfying donor & stakeholder requirements
  • Implications for Internal and External Audit
  • Impact on financial processes and systems
  • How to formulate a documented action plan
  • How to manage substantial financial resources
  • How to develop skills to aid implementation, capacity development, benefits realisation and risk management plans

 

 

CONTENT:

INTRODUCTION TO IPSAS
  • 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
WHY THE NEED FOR IPSAS
  • Why IPSAS
  • Stewardship
  • Public sector Accounting
  • Introduction to IPSAS standards
  • Accrual vs Cash accounting
 
IMPLEMENTATION OF IPSAS
  • Transition from Cash to Accrual Accounting by Governments
  • IPSAS IMPLEMENTATION – ISSUES AND IMPACT
  • The Standards
  • The Unified chart of accounts
  • Budgeting with IPSAS
  • Benefits of adopting IPSAS
  • Financial statements
  • Revenues & Receivables
 
SPECIFIC IPSAS RULES
  • Payables & Expenses
  • Inventories
  • Intangible Assets
  • Leases
  • Provisions, Contingent Liabilities and Contingent Assets
  • Pre-Financing
  • Cash Basis
  • Accrual Basis
  • Interpretation of GPFS
  • The Impact of IPSAS on auditors and internal control system
  • The Role of ICT

 

TRAINING METHODOLOGY

The 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.

Other Dates

Start Date End Date
03 Aug, 2020 14 Aug, 2020
  • Venue

    SunLodge Hotel, Off Achimota - Circle Road behind the Shell Filling Station at No.76, 4th Road (Saxel Estates) Tesano – Accra, Ghana.

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