Course description
Explore the key concepts and practical applications of International Public Sector Accounting Standards (IPSAS) in our highly acclaimed five-day workshop. Delve into the intricacies of accrual basis IPSASs, guided by specialist instructors who bring clarity through real-world examples and model financial statements. Stay ahead with up-to-date information on IPSASB's Work Plan, Exposure Drafts, and Consultation Papers.
Upcoming start dates
1 start date available
Suitability - Who should attend?
- Finance and accounting managers in public sector entities
- Government officials and project managers involved in IPSAS transition
- Accountants and finance staff of public sector entities adopting IPSAS
- Professionals moving from private to public sector finance
- Internal auditors of entities adopting IPSAS
- Accounting practitioners, consultants, external auditors, and academics
Outcome / Qualification etc.
Unlock the following skills by the end of the course:
- Grasp accrual-basis IPSAS requirements, including accounting policies and disclosures
- Implement IPSAS recognition and measurement rules for assets, liabilities, revenues, and expenses
- Understand the presentation and disclosure requirements for IPSAS financial statements
- Navigate the transition from cash to accrual accounting and identify transitional provisions
- Gain insights into likely future changes in IPSAS and planning opportunities
- Discover the sources of IPSAS guidance available
Training Course Content
- Introduction to IPSASs
- IPSAS Board and due process
- Conceptual Framework
- Presentation and Disclosure
- IPSAS 1 Presentation of Financial Statements
- Complete set of financial statements
- Structure and minimum content
- IPSAS 2 Cash Flow Statements
- Cash and cash equivalents
- Operating, investing and financing activities
- IPSAS 3 Accounting Policies, Changes in Accounting Estimates and Errors
- IPSAS 14 Events after the Reporting Date
- Non-current Assets
- IPSAS 17 Property, Plant and Equipment
- Initial recognition
- Subsequent measurement
- Depreciation
- Treatment of infrastructure and heritage assets
- IPSAS 45 Property, Plant and Equipment (mandatory from 2025)
- Infrastructure assets
- Heritage assets
- Measurement of property, plant and equipment
- IPSAS 5 Borrowing Costs
- IPSAS 16 Investment Property
- Initial recognition
- Subsequent measurement
- IPSAS 31 Intangible Assets
- Identifying relevant intangible assets and initial recognition
- Subsequent measurement
- IPSAS 21 & 26 Impairment of Non-Cash-Generating Assets & Impairment of Cash-Generating Assets
- Indicators of impairment
- Recognition and measurement
- Reversals of past impairments
- Disclosure requirements
- Revenues & Related Costs
- IPSAS 23 Revenue from Non-Exchange Transactions
- Recognition and measurement of revenue from taxes and transfers
- Reflecting conditions and restrictions in the financial statements
- IPSAS 9 Revenue from Exchange Transactions
- Accounting treatment for exchange transactions
- IPSAS 47 Revenue (mandatory from 2026)
- IPSAS 12 Inventories
- Inventories held for distribution at no or nominal charge
- Liabilities and Expenses
- General expense recognition principles
- IPSAS 48 Transfer Expenses (mandatory from 2026)
- IPSAS 19 Provisions, Contingent Liabilities and Contingent Assets
- Definitions
- Recognition and measurement
- Disclosures
- Amendments relating to collective and individual services
- IPSAS 42 Social Benefits (mandatory from 2023)
- IPSAS 39 Employee Benefits
- Short and long-term benefits
- Recognition, measurement of pension obligations
- ED 82 Retirement Benefit Plans
- Short and long-term benefits
- Recognition, measurement of pension obligations
- Financing and Financial Instruments
- IPSAS 13 Leases
- Lessee and lessor financial reporting requirements
- IPSAS 43 – replacement of IPSAS 13 from 2025
- IPSAS 32 Service Concession Arrangements
- IPSAS 4 The Effects of Changes in Foreign Exchange Rates
- Foreign currency transactions
- Foreign operations
- Financial Instruments
- IPSAS 28 Financial Instruments Presentation
- IPSAS 29 Financial Instruments: Recognition and Measurement
- IPSAS 30 Financial Instruments: Disclosures
- IPSAS 41 Financial Instruments
- Consolidation and Interests in Other Entities
- IPSAS 35 Consolidated Financial Statements - Accounting for Controlled Entities
- Consolidation boundaries and concepts of public sector control
- Consolidation requirements
- IPSAS 36 Accounting for Investments in Associates and Joint Ventures
- Equity method of accounting
- Cost method requirements
- IPSAS 37 Accounting for Joint Arrangements
- Distinguishing joint ventures from joint operations
- Equity and joint operations accounting
- IPSAS 40 Public Sector Combinations
- Other Presentation and Disclosure Standards
- IPSAS 44 Non-current assets held for sale (mandatory from 2025)
- IPSAS 46 Measurement (mandatory from 2025)
- IPSAS 18 Segment Reporting
- Distinguishable activities
- IPSAS 20 Related Party Disclosures
- Identification of related parties
- Disclosure requirements
- IPSAS 24 Presentation of Budget Information in Financial Statements
- Required disclosures
- Comparison of budget and actual amounts
- Material differences
- Public Sector Sustainability Reporting
- Climate related disclosures project
- Climate change: relevant IPSASB guidance
- Recommended Practice Guidelines
- RPG 1 Reporting on the Long-Term Sustainability of an Entity’s Finances
- RPG 2 Financial Statement Discussion and Analysis
- RPG 3 Reporting Service Performance Information
- Reporting Sustainability Program Information – Amendments to RPGs1 and 3
- Transitioning to the Accrual Basis of Accounting
- Overview of IPSAS 33 First-Time Adoption of Accrual Basis IPSASs
- Transition paths
Course delivery details
- Group live instruction with interactive participation encouraged
- Review of the rationale, objective and scope of IPSAS
- Description and explanation of IPSAS requirements in clear and simple language
- Use of case studies and real-world examples to illustrate practical application of the standards
- All participants receive a copy of the presentation slides, handouts and other course materials
Request info
VantagePoint Training
12 Moorgate
EC2R 6DA London
VantagePoint Training
Welcome to VantagePoint Training, an exciting name in finance, sustainability and ESG training backed by many years of experience! Why choose VantagePoint Training?At VantagePoint Training we deliver premium training courses in London, Amsterdam, Miami, Geneva, Dubai and other international locations. ...
Ads