Government Accounting Standards (IPSAS) Implementation Training Course

Government Accounting Standards (IPSAS) Implementation Training Course

Introduction

Government Accounting Standards (IPSAS) Implementation Training Course equips public sector finance professionals, auditors, accountants, and policymakers with the essential knowledge and skills to implement the International Public Sector Accounting Standards (IPSAS) effectively. With the global shift towards transparency, accountability, and harmonized public sector financial reporting, this program provides a comprehensive understanding of IPSAS principles, frameworks, and compliance strategies. Participants will gain practical expertise in preparing financial statements, aligning with accrual-based accounting, and ensuring conformity with international best practices.

This intensive IPSAS training program emphasizes practical application, hands-on case studies, and compliance frameworks, enabling participants to navigate the complexities of public sector financial management. Whether you are transitioning from cash-based accounting to accrual accounting or enhancing existing IPSAS frameworks, this course empowers you to implement sustainable, transparent, and efficient financial reporting systems for better governance and stakeholder trust.

Course Objectives

1. Understand the fundamental principles of IPSAS and their role in public sector financial reporting.
2. Apply IPSAS-compliant accounting policies in preparing financial statements.
3. Transition from cash-based to accrual-based accounting effectively.
4. Enhance public financial transparency and accountability.
5. Interpret and implement key IPSAS standards for various financial transactions.
6. Strengthen financial governance and compliance frameworks.
7. Prepare consolidated financial statements under IPSAS guidelines.
8. Apply asset and liability recognition and measurement under IPSAS.
9. Implement budget reporting and performance analysis in line with IPSAS.
10. Identify and address common IPSAS implementation challenges.
11. Utilize technology and automation in IPSAS-based reporting.
12. Conduct effective financial audits aligned with IPSAS requirements.
13. Integrate risk management principles into IPSAS reporting processes.

Target Audience

1. Government accountants and auditors
2. Public sector finance managers
3. Budget and policy officers
4. Financial controllers in public entities
5. Treasury and revenue officers
6. Internal and external auditors
7. Public financial management consultants
8. Donor agency finance officers

Course Duration: 5 days

Course Modules

Module 1: Introduction to IPSAS and Public Sector Financial Reporting

• Understanding IPSAS frameworks and objectives.
• Key differences between cash and accrual accounting.
• Role of IPSAS in global financial transparency.
• IPSAS adoption challenges and solutions.
• Overview of IPSAS standard-setting process.
• Case Study: IPSAS adoption in New Zealand’s public sector.

Module 2: IPSAS Financial Statements Preparation

• IPSAS presentation requirements.
• Key components of IPSAS-compliant statements.
• Accounting policies and disclosures under IPSAS.
• Materiality and comparability in financial reporting.
• Step-by-step preparation process.
• Case Study: IPSAS-based financial statements for a Ministry of Finance.

Module 3: Transition from Cash to Accrual Accounting

• Transition strategies and roadmaps.
• Challenges in migrating data and systems.
• Opening balance sheet preparation.
• Change management during transition.
• Best practices for smooth adoption.
• Case Study: Transition journey of Kenya’s National Treasury.

Module 4: Recognition and Measurement of Assets and Liabilities

• IPSAS rules for tangible and intangible assets.
• Liability recognition and measurement principles.
• Asset impairment and depreciation methods.
• Financial instruments under IPSAS.
• Valuation techniques for public sector assets.
• Case Study: Asset management reforms in South Africa.

Module 5: Consolidation and Group Financial Statements

• Identifying controlled entities in the public sector.
• IPSAS consolidation methods and principles.
• Eliminating inter-entity transactions.
• Non-controlling interests in IPSAS.
• Reporting for joint ventures and associates.
• Case Study: Consolidated reporting in the UK central government.

Module 6: Budget Reporting and Performance Analysis

• IPSAS budget presentation and comparison.
• Linking budgets with performance outcomes.
• Performance indicators and measurement tools.
• Variance analysis under IPSAS.
• Budget execution and accountability.
• Case Study: Budget transparency reforms in Tanzania.

Module 7: IPSAS Implementation Challenges and Risk Management

• Common implementation pitfalls.
• Risk assessment for IPSAS adoption.
• Internal control frameworks.
• Capacity building and training needs.
• Legal and regulatory considerations.
• Case Study: IPSAS implementation audit in Ghana.

Module 8: Technology and Automation in IPSAS Reporting

• Digital tools for IPSAS compliance.
• Financial management information systems (FMIS).
• Cloud-based IPSAS accounting platforms.
• Data analytics for public financial reporting.
• Cybersecurity in IPSAS systems.
• Case Study: Automation of IPSAS reporting in Rwanda’s government.

Training Methodology

• Interactive lectures with practical examples.
• Group discussions and problem-solving sessions.
• Hands-on exercises using IPSAS-compliant templates.
• Real-life case study analysis for each module.
• Role-play simulations for IPSAS reporting scenarios.
• Expert-led Q&A sessions to address specific challenges.

Register as a group from 3 participants for a Discount

Send us an email: info@datastatresearch.org or call +254724527104 

Certification

Upon successful completion of this training, participants will be issued with a globally- recognized certificate.

Tailor-Made Course

 We also offer tailor-made courses based on your needs.

Key Notes

a. The participant must be conversant with English.

b. Upon completion of training the participant will be issued with an Authorized Training Certificate

c. Course duration is flexible and the contents can be modified to fit any number of days.

d. The course fee includes facilitation training materials, 2 coffee breaks, buffet lunch and A Certificate upon successful completion of Training.

e. One-year post-training support Consultation and Coaching provided after the course.

f. Payment should be done at least a week before commence of the training, to DATASTAT CONSULTANCY LTD account, as indicated in the invoice so as to enable us prepare better for you.