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Why Attend

In a world of increasing transparency, there is a growing pressure being placed upon the public sector to standardize financial accounting. Standards adopted are the basis for the ‘new world’ of public reporting – creating greater confidence that public money is being handled effectively.

The aim of this course is for participants to understand IPSAS and the framework for public sector accounting. This course provides an overview of the most important requirements for preparing financial statements and disclosures under IPSAS.

Event Date: 29/05/2025 – 31/05/2025

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21/08/2025 – 23/08/2025

Price: ₦230,000.0000 VAT

Overview
Course Outline

Course Methodology

Training sessions will actively and frequently involve delegates in practical exercises, case study analysis and discussions, assisted by carefully selected multi-media contributions from field leading experts. This will facilitate the development of analytical, evaluation, communication, team and leadership skills through self-directed discovery, peer assisted education and reflective learning.

Course Objectives

By the end of the 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.

Target Audience

Public and private sector finance and accounting professionals, or managers seeking to develop their understanding of the public sector accounting methods including professionals who have a responsibility for auditing or working with public sector organizations; corporate governance directors; internal auditors; corporate compliance officials; and board level members who wish to develop their understanding of IPSAS.

Target Competencies

Implementing IPSAS standards
Producing financial statements
IPSAS Strategies
International Accounting Standards (IAS)
Generally Accepted Accounting Principles (GAAP)

Course Outline (5 Days Course)

Module 1

Introduction to IPSASB

Introduction to Regulatory Environment and structure of IPSASB
The purpose of financial statements and any ongoing projects
Background into financial accounting
Key principles of Global Accounting Standards
The development of Global Accounting Standards
Underlying financial principles
Disclosure and transparency aspects
International Financial Reporting Standards (IFRS)
Generally Accepted Accounting Principles (GAAP)
The current global adoption of Global Accounting Standards

Module2

IPSAS Standards

The strategic planning process roadmap
Mapping regional standards to Global Accounting Standards
Review of current IPSAS standards
The correct application of individual IPSAS standards
Overcoming key challenges
Obtaining guidance and support from International Federation of Accountants
Key IPSAS requirements within financial statements (IPSAS 1)
Producing the statement of financial position
Producing the statement of financial performance
Producing the cash flow statement (IPSAS 2)

Module 3

IPSAS Financial Performance

Understanding of
- Non-exchange revenue (IPSAS 23)
- Exchange revenue (IPSAS 9)
- Construction contracts (IPSAS 11)
Accounting for assets and liabilities
- Property plant and equipment (IPSAS 17)
- Intangible assets (IPSAS 31)
- Investment property (IPSAS 16)
- Impairment of cash-generating assets (IPSAS 26)
- Impairment of non-cash generating assets (IPSAS 21)
Borrowing costs (IPSAS 5)
- Inventories (IPSAS 12)