International Public Sector Accounting Standards (IPSAS)
Course Information:
Venue: | Duration: | Date: | Price: |
---|---|---|---|
Online | £1,750.00 | 12 hrs | Flexible |
In-House | Agreed with client | Flexible | POA |
London | 5 days | 28-Mar | £3,500.00 |
London | 5 days | 08-Aug | £3,500.00 |
Who should attend?
- 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
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:
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