IPSAS & IFRS Implementation: Financial Reporting Excellence Event, 21.Apr.2025

Course Description

This intensive 5-day course provides a comprehensive overview of IPSAS and IFRS implementation for public sector entities. Participants will gain in-depth knowledge of international accounting standards, learn practical application techniques, and develop skills to effectively transition to and maintain compliance with IPSAS and IFRS.

Learning Objectives

• Understand the fundamental principles and key differences between IPSAS and IFRS
• Learn to prepare financial statements compliant with IPSAS and IFRS requirements
• Develop strategies for successful implementation and transition to international standards
• Gain practical skills in asset valuation, revenue recognition, and financial instrument accounting
• Understand the impact of IPSAS and IFRS on budgeting and performance reporting

Course Modules

Day 1: Introduction to IPSAS and IFRS

• Overview of IPSASB and IASB
• Key principles and conceptual frameworks
• Similarities and differences between IPSAS and IFRS
• First-time adoption considerations

Day 2: Financial Statement Presentation

• Structure and components of financial statements
• Statement of financial position
• Statement of financial performance
• Cash flow statements and notes

Day 3: Asset and Liability Reporting

• Property, plant, and equipment (IPSAS 17)
• Intangible assets (IPSAS 31)
• Impairment of assets (IPSAS 21 and 26)
• Financial instruments (IPSAS 28, 29, 30)

Day 4: Revenue and Expenses

• Revenue from exchange transactions (IPSAS 9)
• Revenue from non-exchange transactions (IPSAS 23)
• Employee benefits (IPSAS 39)
• Provisions and contingencies (IPSAS 19)

Day 5: Consolidation and Special Topics

• Consolidated financial statements (IPSAS 35)
• Disclosure of interests in other entities (IPSAS 38)
• Segment reporting (IPSAS 18)
• Budgetary reporting (IPSAS 24)

Practical Wins for Participants

• Ability to prepare IPSAS and IFRS compliant financial statements
• Skills to manage the transition process to international standards
• Improved decision-making capabilities using enhanced financial information
• Network with peers and share best practices in public sector accounting