International Public Sector Accounting Standards (IPSAS)

Understanding the history and significance of IPSAS.

The role of IPSAS in improving financial management and accountability in the public sector.

Exploring the fundamental principles and concepts of IPSAS.

Understanding the accrual basis of accounting and its application in the public sector.

Learning how to prepare financial statements in accordance with IPSAS, including the Statement of Financial Position, Statement of Financial Performance, and Statement of Cash Flows.

Examining the accounting treatment of various liabilities, including borrowings, provisions, and employee benefits.

Learning how to recognize and account for revenue in the public sector, including grants, taxes, and other income sources.

Understanding the relationship between budgetary and financial accounting in the public sector

How to account for budgetary transactions and variances.

Exploring the consolidation of financial statements when public sector entities have controlled or subsidiary relationships.