International Public Sector Accounting Standards (IPSAS)
Finance & Accounting · 5 Days · Public · Al-Khobraa certified · From USD 4,500
Overview
The recent financial crisis and associated financial safeguards implemented across all business sectors have seen even greater pressures exerted on public budgets with governments and public sector entities encountering growing pressure to provide high-quality transparent financial statements, clear and decisive financial management approaches, and enhanced operational allocation and performance measures related to public funds.
Learning Objectives
Apply IPSAS standards to ensure improved accountability via providing a complete and accurate view of an entities operations and performance
Improve overall management and planning via the application of more precise estimates of income and expenditure and effective usage of assets and liabilities
Achieve Greater Transparency within your entity’s regarding your use of primary resources and resulting liabilities
Provide a strong system of support for Results-Based Management through achieving the development and utilisation of more comprehensive information about costs and cost budgets
Achieve greater harmony within the entity’s reporting and financial statements as a way to encourage and enhance organizational goal congruence
Plus: Pragmatic case studies and exercises on all major topics for participants to gain a working knowledge of how to apply and implement IPSAS and the challenges other entities face in adopting IPSAS and how those challenges are overcome.
Who Should Attend
This course has been specifically designed for the benefit of:
Professionals in Financial Accounting
Finance, accounting and audit professionals
Analysts and controllers
Course Outline
Day 1 — IPSAS – Overview and Context
Summary of recent pronouncements
Exposure draft 42 improvements to IPSASs
Exposure draft intangible assets
Exposure draft entity combinations from exchange transactions
Day 2 — IPSAS – The Standards Considered (Technical Review and Application)
Presentation of Financial Statements (IPSS 1 / IAS 1)
Required financial statements
Structure
Content
Day 3 — IPSAS - An in-depth look at key standards Financial Reporting in Hyperinflationary Economies (if Required) (IPSAS 10/IAS 29)
Criteria to be classified as hyperinflation
Process of restatement
Adjusting events
Non-adjusting events
Day 4 — IPSAS – The Fundamental Building Blocks The property, Plant, and Equipment (IPSAS 17/IAS 16)
Initial recognition
Subsequent valuation
Depreciation
Treatment of heritage assets
Day 5 — IPSAS – Essential technical components and the way ahead! Employee Benefits (IPSAS 25/ IAS 19)
Definitions
Short-term employee benefits
Postemployment benefits
The distinction between defined contribution plans and defined benefit plans
Accreditation
Al-Khobraa certified. On completion delegates receive an Al-Khobraa certificate of achievement.
What do Al-Khobraa finance and accounting courses cover?
The portfolio covers IFRS (International Financial Reporting Standards) and IPSAS, financial analysis and reporting, budgeting and forecasting, cost and management accounting, accounts payable and receivable, internal controls and audit, and finance for non-finance managers.
Who should attend a finance and accounting course?
These courses suit accountants and financial analysts, finance managers and controllers, budgeting and planning staff, internal auditors, accounts payable and receivable teams, and non-financial managers who own a budget or read financial statements.
How long are finance and accounting courses, and where are they held?
Most Al-Khobraa finance and accounting courses run over 5 days. The exact duration, dates and city for this course are listed in the dates section on this page. Public sessions run across Saudi Arabia — Riyadh, Jeddah, Al-Khobar, Jubail and Yanbu — as well as regional and international venues, with live virtual classrooms available on request.
What certificate will I receive?
Delegates who complete the course receive an Al-Khobraa certificate of completion, issued by a Saudi-registered training provider. Al-Khobraa also delivers internationally accredited programmes; where a course carries an external awarding body such as PMI, CIPS, ILM or IOSH, that body is named on the course's own page.
Can finance and accounting training be delivered in-house for our team?
Yes. Any Al-Khobraa finance and accounting course can be delivered in-house at your own premises anywhere in Saudi Arabia or the GCC, with the content, dates and language of delivery tailored to your team. Al-Khobraa is an approved HRDF (Hadaf) provider, so eligible Saudi employers can seek training support. Contact us for a quotation.