International Public Sector Accounting Standards (IPSAS)

Those in treasury who use or plan to use the capital markets and want advanced knowledge of raising finance and/or investing using capital market instruments. They will be from all sectors, including private, public and not-for-profit including:



• Those working in treasury and need to know more about the capital markets and treasury
• Managers who want to increase their strategic capability
• Operations managers who want to know more about treasury activities
• Managers who are responsible for investing surplus funds in the capital markets
• Treasury employees who need to know how to assess financial performance
• Internal auditors, accountants who need to show CPD

• Understand the role, objectives and functions of the treasury department in an organisation
• Increase the strategic role of the treasury function
• Optimise working capital
• Contrast and compare the treasury function in the private and public sector
• Differentiate between primary and secondary markets and the roles of the markets
• Develop skills of calculating the fair value of equity and bond instruments
• Develop skills in assessing the performance of stocks and shares
• Demonstrate how derivative instruments can be used to protect against pure risks

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 conten
• Statements of changes in net assets/equity – key features, issues and content
• Comparison with budgets