Financial Management and Reporting for Public Sector (IFRS/IPSAS) Event, 20.Oct.2025

Course Description

This intensive 10-day course provides a comprehensive overview of financial management and reporting in the public sector, with a focus on International Financial Reporting Standards (IFRS) and International Public Sector Accounting Standards (IPSAS). Participants will gain practical knowledge and skills in budgeting, financial reporting, performance analysis, and decision-making for public sector organizations.

Learning Objectives

• Understand the key principles and applications of IFRS and IPSAS in public sector financial management
• Develop proficiency in preparing and analyzing financial statements for public sector entities
• Master budgeting techniques and performance measurement in government organizations
• Enhance decision-making skills through financial analysis and interpretation
• Gain insights into risk management and internal control systems in the public sector

Course Modules

Day 1: Introduction to Public Sector Financial Management

• Overview of public sector financial management
• Regulatory framework and governance
• Comparison of IFRS and IPSAS
• Public sector accounting reforms

Day 2: IPSAS Framework and Key Concepts

• IPSAS conceptual framework
• Accrual vs. cash basis accounting
• Recognition and measurement principles
• Presentation of financial statements

Day 3: Financial Reporting under IPSAS

• Statement of financial position
• Statement of financial performance
• Cash flow statement
• Notes and disclosures

Day 4: Specific IPSAS Standards (Part 1)

• Property, plant, and equipment
• Intangible assets
• Inventories
• Revenue recognition

Day 5: Specific IPSAS Standards (Part 2)

• Employee benefits
• Financial instruments
• Leases
• Provisions and contingencies

Day 6: Budgeting and Performance Management

• Budget preparation and execution
• Performance-based budgeting
• Budget reporting and analysis
• Key performance indicators (KPIs)

Day 7: Consolidated Financial Statements

• Concepts of control and consolidation
• Preparation of consolidated statements
• Eliminating inter-entity transactions
• Reporting on controlled entities

Day 8: Financial Analysis and Decision Making

• Ratio analysis for public sector entities
• Interpreting financial statements
• Cost-benefit analysis
• Financial decision-making techniques

Day 9: Risk Management and Internal Control

• Risk assessment in public sector organizations
• Designing internal control systems
• Fraud prevention and detection
• Compliance with laws and regulations

Day 10: Emerging Trends and Future Directions

• Sustainability reporting in the public sector
• Digital transformation in financial management
• Integrated reporting
• Case studies and best practices

Practical Wins for Participants

• Ability to prepare IPSAS-compliant financial statements
• Enhanced skills in budgeting and performance measurement
• Improved decision-making capabilities through financial analysis
• Knowledge of best practices in public sector financial management