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IPSAS Update (Virtual Classroom)

Course summary
8 hours
950 GBP excl. VAT
Part time
Online courses
Next available date: 07/06/2021 - Online courses
Professional Training

Course description

IPSAS Update (Virtual Classroom)

This virtual training is being delivered live and online over 2 individual sessions, each of 4 hours’ duration from 13:00 – 17:00 London (UK).

The content has been developed for preparers and users of IPSAS financial statements with two main aims:

  • Clarify the impact of coronavirus on accounting, presentation and disclosure in IPSAS financial statements for 2020
  • Explain the requirements of important new Standards and amendments in later periods.

The program will also cover the significant outstanding Exposure Drafts published by the International Public Sector Accounting Standards Board (IPSASB).

This program answers questions such as:

  • How will coronavirus affect accrual basis IPSAS financial statements for 2020?
  • What are the significant published changes in IPSASs? When, and how, will they be implemented?
  • What are the likely future changes in IPSASs?

Suitability - Who should attend?

This training course is especially suitable for:

  • Accountants and public financial management (PFM) officials in finance and reporting teams that prepare IPSAS financial statements
  • External and internal auditors of public sector entities that prepare accrual-basis IPSAS financial statements
  • Consultants, analysts and academics with interests in public sector financial reporting

Outcome / Qualification etc.

After attending this course you will be able to:

  • Identify how coronavirus affects IPSASs relevant to your organisation
  • Draft disclosures to explain judgements and estimates triggered by the effects of coronavirus
  • Learn the requirements of new and amended IPSASs
  • Plan how to implement changes to IPSASs

This course is worth 8 CPD hours.

Training Course Content

This course is designed to cover the following key topics:

  • Impact of coronavirus on IPSAS accounting in 2020
    • Presentation of financial statements (IPSAS 1)
    • Financial instruments (IPSAS 28 – 30), including credit losses and concessionary loans
    • Impairment of non-cash-generating assets (IPSAS 21)
    • Revenue from non-exchange transactions – taxes and transfers (IPSAS 23)
    • Non-exchange transactions – expense recognition (IPSAS 19)
    • Employee benefits (IPSAS 39)
  • New and Amended Standards for 2023
    • IPSAS 41 - Financial Instruments (to replace IPSAS 29)
    • IPSAS 42 - Social Benefits
    • IPSAS 19 (amendments) - Collective and Individual Services
    • Improvements to IPSASs 2019  
  • Exposure Drafts
    • ED 70 - Revenue with Performance Obligations
    • ED 71 - Revenue without Performance Obligations
    • ED 72 - Transfer Expenses
  • IPSASB projects – Measurement, Leases, Infrastructure and Heritage

Why choose IASeminars

We've trained over 18,000 participants since 2002.

50% of our business comes from returning clients.

We offer both instructor-led and self-study courses, with instructor-led training being delivered over Zoom during the pandemic.


The cost of this training course is £950. 

About provider

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IASeminars Offer Client Focus Training Solutions 

Whatever your requirements are for training in international accounting, you can be assured that IASeminars are ready to deliver. Offering topics such as IFRS, US GAAP, IPSAS, Management Accounting and Banking Regulation we are passionate about helping you progress your...

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15 Westferry Circus
Canary Wharf
E14 4HD London

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