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International Public Sector Accounting Standards (IPSAS)

London Corporate Training Ltd
Course summary
1 week
Worldwide
Next available date: Request information - Worldwide
Corporate Training for Teams

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Training Course Content

This International Public Sector Accounting Standards (IPSAS) course will cover:

Private and Public Standards - how they have Evolved

  • The background and evolution of financial standards around the world
  • International Financial Standards for Private and Public Sectors compared
  • Underlying financial and accounting principle
  • Benefits to the organisations and investors
  • Application of standards world-wide

IPSAS and IFRS Convergence

  • IPSAS and IFRS – Board structures of Governing Bodies and Due Process
  • IPSAS and IFRS – similarities and differences summarised
  • Budgeting in the Private and Public Sectors compared
  • Disclosure and transparency aspects
  • Accounting issues covered by IFRS with no equivalent IPSAS?

IPSAS and IFRS Effective Implementation and Benefits

  • Planning for transition and implementation – identification of key issues
  • Choosing your approach – “Big Bang” or phased
  • Scoping the project
  • Project team structure and roles
  • Milestone planning
  • Managing issues and communication
  • Critical success factors

Key Principles of International Standards for the Public Sector

  • Different users of public sector financial information
  • Underlying financial and accounting principle
  • Which public sector entities it should be applied to?
  • Benefits to the organisations and stakeholders
  • Cash-based or Accrual based – which is the route to take?

Preparation of IPSAS Compliant Financial Statements

  • IPSAS 1 – disclosure and policies
  • Statement of financial position – key features, issues and content
  • Statement of financial performance – key features, issues and content
  • Statements of changes in net assets/equity - key features, issues and content.
  • Comparison with budgets

Why choose London Corporate Training Ltd

We have trained over 2,500 delegates from almost 600 client organisations

Complimentary Heathrow transfer (one-way)

Endorsed by various organisational and subject specific accrediting bodies

Expenses

The cost of this in-house varies based on number of participants, location and other factors. Request information for a training quote

About provider

London Corporate Training - Professional Training Courses

London Corporate Training have been established in the education, consulting and training industries for two decades. They work as a training team from their head office in London and aim to ensure all of their course participants receive the highest...


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Contact info

London Corporate Training Ltd

London Corporate Training
3 Shortlands, Hammersmith
W6 8DA London

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www.lct.co.uk Course homepage


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