The recent financial crisis and associated financial safeguards implemented across all business sectors have seen even greater pressures exerted on public budgets with governments and public sector entities encountering growing pressure to provide high-quality transparent financial statements, clear and decisive financial management approaches and enhanced operational allocation and performance measures related to public funds. IPSAS (International Public Sector Accounting Standards)
provides a sounds basis for public entities to demonstrate sound accrual accounting and budgeting techniques, and with its emphasis on performance-based management being a core competency, requires entities to adopt a fresh and innovative approach to developing new skill sets. This course offers the learner a comprehensive understanding of the essential elements of IPSAS; beginning by building on the foundations laid by the IASB’s mainstream IFRS standards and then looking at these concepts within the framework of the public entity. The course develops key skills competencies through the application of sound theoretical content within a practical, real-life inspired case-study based environment.
After completion of this course participants should be able to :
>Apply IPSAS standards to ensure improved accountability via providing a complete and accurate view of an entities operations and performance
> Improve overall management and planning via the application of more precise estimates of income and expenditure and effective usage of assets and liabilities
>Achieve Greater Transparency within your entity’s regarding your use of primary resources and resulting liabilities
Provide a strong system of support for Results-Based Management through achieving the development and utilisation of more comprehensive information about costs and cost budgets
> Achieve greater harmony within the entity’s reporting and financial statements as a way to encourage and enhance organisational goal congruence
>gain a working knowledge of how to apply and implement IPSAS and the challenges other entities face in adopting IPSAS and how those challenges are overcome.
Who should to attend
-Officers from organisations, including governments and public sector entities, that are currently implementing or considering implementing IPSAS as a basis for accounting organisations wishing to gain an overview of IPSAS and understand what implications adopting these standards may have on their organisation
-Financial professionals operating within the finance departments of public entities