Certificate in Public Sector Accounting with IPSAS

Overview of IPSAS and its significance in public-sector accounting

Distinctions between IPSAS and other accounting frameworks

Role of IPSAS in enhancing transparency, accountability, and financial management in the public sector

Structure and content of the IPSAS framework

Accrual accounting basis and its application in the public sector

Key IPSAS concepts (going concerned, materiality, substance over form)

IPSAS financial reporting requirements for public sector entities

Presentation and disclosure standards for financial statements

Preparation and interpretation of IPSAS-compliant financial statements

Budgeting principles and practices in the public sector

Aligning budgeting processes with IPSAS requirements

Budget execution and monitoring under IPSAS

IPSAS guidelines for revenue recognition in the public sector

Specific considerations for different types of revenue (taxes, grants, user fees)

Measurement and disclosure requirements for revenue recognition

Classification and recognition of expenses under IPSAS

Treatment of employee benefits, depreciation, and impairments

Disclosure requirements for expenses in public sector financial statements

Ratio analysis and performance indicators for public sector entities

Assessing financial health and sustainability based on IPSAS financial statements

Interpreting financial statements in the context of public sector objectives and constraints

Implementation challenges and strategies for adopting IPSAS

Transitioning from a cash basis to accrual accounting

Impact of IPSAS on public sector governance and decision-making