International Public Sector Accounting Standards (IPSAS)

Module 1 – Introduction to IPSASB

• • An overview of the work of the Board (IPSASB) includes:
    • The organization,
    • The characteristics of public sector entities,
    • The relationship between IPSAS®
    • The purpose of financial statements and any ongoing projects

Module 2 – Financial Statements presentation and accounting policy

• • Key IPSAS requirements within financial statements (IPSAS® 1)
  • Producing the statement of financial position
  • Producing the cash flow statement (IPSAS® 2)
  • Accounting policies, changes in accounting estimates, and errors (IPSAS® 3)
  • Segment reporting (IPSAS 18)
  • Disclosure standards and other topics, presentation of budget information (IPSAS 24)
  • Reporting changes in net asset position
  • Producing compliant notes to the accounts

Module 3 – Financial performance

• • Provides an understanding of:
    • Non-exchange revenue (IPSAS® 23)
    • Exchange revenue (IPSAS® 9)
    • Construction contracts (IPSAS® 11)

Module 4 – Accounting for Assets and Liabilities

• • Delivers teaching around a wide range of topics including:
    • 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)
    • Leases (IPSAS® 13)
    • Financial instruments (IPSAS® 28, 29, 30)
    • Provisions
    • Contingent liabilities and contingent assets (IPSAS® 19)
    • Events after the reporting date (IPSAS® 14)
    • Employee benefits (IPSAS® 25)
    • Agriculture (IPSAS® 27)
    • Concessions

Module 5 – Consolidation

• • Delivers training around:
    • Consolidated and separate financial statements (IPSAS® 6)
    • Interests in joint ventures (IPSAS® 8)
    • Investments in associates (IPSAS® 7)
    • Translation of financial statements of foreign operations (IPSAS® 4)
    • Financial reporting in hyperinflationary economies (IPSAS® 10)
    • Disclosure standards and other topics, presentation of budget information (IPSAS® 24)
    • Segment reporting (IPSAS® 18)

Module 6 – Disclosure standards

• • Related party disclosures (IPSAS® 20)
  • Disclosure of financial information about the general government sector (IPSAS® 22)

Module 7 – Cash-Basis IPSAS®

• • Delivers training about Part 1 of the cash basis IPSAS®, covering required information in:
    • The statement of cash receipts and payments
    • Disclosures
    • Consolidation under the cash basis
    • Presentation of budget information in the financial statements
    • The additional (non-mandatory) disclosures encouraged in Part 2 of the cash basis IPSAS®

Module 8 – First-Time Adoption of Accrual-Based IPSAS®

• • Delivers training cover the following areas:
    • Migrating from cash to accrual basis
    • First time adoption of IPSAS® (IPSAS® 33)
    • Change management and the adoption of IPSAS®