Financial Management and Reporting for Public Sector (IFRS/IPSAS)

Why This Course

Public sector organizations face increasing pressure to demonstrate transparency, accountability, and efficient use of resources. High-quality financial reporting, strong budgeting practices, and effective performance analysis are essential to achieving these goals. International standards such as IFRS and IPSAS provide a global framework for consistency, comparability, and credibility in public sector financial management.

The Public Sector Financial Management & Reporting with IFRS & IPSAS Program is an intensive 10-day course designed for finance professionals, auditors, policymakers, and public administrators seeking to strengthen their financial reporting, planning, and decision-making capabilities. Through practical tools, real-world case studies, and hands-on activities, participants will gain a deep understanding of modern financial practices that support accountability and public value creation.

What You’ll Learn and Practice

By completing this program, participants will be able to:

• Understand and apply key IFRS and IPSAS principles in public sector financial management
• Prepare, interpret, and analyze IPSAS-compliant financial statements
• Develop and manage effective public sector budgets and performance measurement systems
• Use financial analysis techniques to support strategic and operational decision-making
• Strengthen risk management and internal control systems within government organizations

The Program Flow

Day 1 – Introduction to Public Sector Financial Management

• Overview of public sector financial management and governance
• Role of regulatory frameworks and oversight bodies
• Key differences and convergence points between IFRS and IPSAS
• Global public financial management reforms and trends

Day 2 – IPSAS Framework & Key Concepts

• IPSAS conceptual framework and guiding principles
• Accrual vs. cash basis accounting in government settings
• Recognition and measurement rules for public sector transactions
• Presentation and structure of financial statements under IPSAS

Day 3 – Financial Reporting Under IPSAS

• Statement of financial position
• Statement of financial performance
• Cash flow statement preparation and interpretation
• Required notes, disclosures, and supplementary information

Day 4 – Specific IPSAS Standards (Part 1)

• IPSAS for property, plant, and equipment (PPE)
• Accounting for intangible assets
• Inventories in the public sector
• Revenue recognition, including non-exchange transactions

Day 5 – Specific IPSAS Standards (Part 2)

• Employee benefits and long-term obligations
• Financial instruments in public sector contexts
• Lease accounting under IPSAS 13 & IPSAS 43
• Provisions, contingencies, and commitments

Day 6 – Budgeting & Performance Management

• Public sector budget preparation, execution, and monitoring
• Performance-based budgeting and outcome-focused planning
• Budget reporting, variance analysis, and corrective actions
• Key performance indicators (KPIs) for government agencies

Day 7 – Consolidated Financial Statements

• Concepts of control, ownership, and consolidation in the public sector
• Preparing consolidated financial statements
• Eliminating inter-entity balances and transactions
• Reporting on controlled entities, agencies, and funds

Day 8 – Financial Analysis & Decision-Making

• Ratio analysis for public sector organizations
• Interpreting financial information for strategic decisions
• Cost-benefit and cost-effectiveness analysis
• Financial decision-making tools for resource allocation

Day 9 – Risk Management & Internal Control

• Risk assessment and mitigation frameworks
• Designing robust internal controls aligned with public sector needs
• Fraud prevention, detection, and ethical compliance
• Legal and regulatory requirements for public institutions

Day 10 – Emerging Trends & Future Directions

• Sustainability reporting in government and public entities
• Digital transformation and modern financial systems
• Integrated reporting and transparency initiatives
• Best practices and international case studies in public financial management

Practical Wins for Participants

Participants will complete the program with the ability to:

• Prepare and present high-quality IPSAS-compliant financial statements
• Design effective budgeting and performance measurement frameworks
• Strengthen decision-making through financial analysis and interpretation
• Apply best practices in public sector governance, reporting, and accountability

Organizational Impact

Organizations will benefit through:

• More transparent and reliable financial reporting
• Improved budgeting discipline and performance-based management
• Stronger internal control and risk mitigation structures
• Enhanced public trust and compliance with international standards

Training Methodology

This program utilizes a practical and engaging approach:

• Real-world case studies from leading public institutions
• Hands-on exercises in IPSAS reporting and budgeting
• Group discussions, problem-solving sessions, and expert facilitation
• Templates, tools, and checklists for direct workplace application

Beyond the Course

Participants return ready to:

• Lead financial management reforms within their institutions
• Improve reporting quality and strategic decision-making
• Strengthen accountability, efficiency, and public value creation
• Support smooth adoption and implementation of IPSAS across their organizations