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International Public Sector Accounting Standards (IPSAS)

Course Information:

Venue:Duration:Date:Price:
Online £1,750.00 12 hrsFlexible
In-House Agreed with client FlexiblePOA
London 5 days 28-Mar£3,500.00
London 5 days 08-Aug£3,500.00

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    Who should attend?

      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

    Accreditations

    Outcomes

    • 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

    COURSE TOPICS:

    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





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