Fundamental International Public Sector Accounting Standards (IPSAS)
13 - 17 April 2026
Sandton
Johannesburg South Africa
Cost per Delegate
R19,999.00
Course Description
IPSAS Fundamental Concepts have been developed to enhance the quality, consistency and transparency of public sector financial reporting worldwide. Issued by the International Public Sector Accounting Standards Board (IPSASB), they are cash-based standards and accruals standards used for the preparation of general-purpose financial statements by governments and other public sector entities around the world.
IPSAS training course enables participants to understand IPSAS and the framework for public sector accounting. This training course provides an overview of the most important requirements for preparing financial statements and disclosures under IPSAS.
This training course will help the participants with the best practices in meeting the challenges of applying IPSAS and to help in achieving their organizational objectives.
Objectives
By the end of this training course, participants will be able to:
• Identify how IPSAS will fit with their organization
• Comprehend the core IPSAS values
• Explain the key differences in the new standards
• Recognize what compliant statements will look like
• Deploy key strategies for migration to IPSAS standards
• Set clear steps towards implementation
• Adopt IPSAS disclosure requirements, including accounting policies
Who should Attend?
• Heads of Departments, Directors, Senior Managers, Managers, accountants and Finance Professionals in public sectors
• Members of Audit and Advisory Committees for public/ privet sector organizations
• Senior Officials in national, provincial, and local government
• New or aspiring Board members
• Mangers in the regulators, state, and local government
• Business Consultants and professional advisers
Course Outline
DAY 1
Introduction to IPSASB
• Introduction to Regulatory Environment and structure of IPSASB
• The purpose of financial statements and any ongoing projects
• Background into financial accounting
• Key principles of Global Accounting Standards
• The development of Global Accounting Standards
• Underlying financial principles
• Disclosure and transparency aspects
• International Financial Reporting Standards (IFRS)
• Generally Accepted Accounting Principles (GAAP)
• The current global adoption of Global Accounting Standards
DAY 2
IPSAS Standards
• The strategic planning process roadmap
• Mapping regional standards to Global Accounting Standards
• Review of current IPSAS standards
• The correct application of individual IPSAS standards
• Overcoming key challenges
• Obtaining guidance and support from International Federation of Accountants
• Key IPSAS requirements within financial statements (IPSAS 1)
• Producing the statement of financial position
• Producing the statement of financial performance
• Producing the cash flow statement (IPSAS 2)
DAY 3
IPSAS Financial Performance
• Understanding of
o Non-exchange revenue (IPSAS 23)
o Exchange revenue (IPSAS 9)
o Construction contracts (IPSAS 11)
• Accounting for assets and liabilities
o Property plant and equipment (IPSAS 17)
o Intangible assets (IPSAS 31)
o Investment property (IPSAS 16)
o Impairment of cash generating assets (IPSAS 26)
o Impairment of non-cash generating assets (IPSAS 21)
• Borrowing costs (IPSAS 5)
o Inventories (IPSAS 12)
DAY 4
Consolidation
• Consolidated and separate financial statements (IPSAS 6)
• Interests in joint ventures (IPSAS 8)
• Investments in associates (IPSAS 7)
• Translation of financial statements of foreign operations (IPSAS 4)
• Financial reporting in hyperinflationary economies (IPSAS 10)
• Disclosure standards and presentation of budget information (IPSAS24)
• Segment reporting (IPSAS 18)
• Related party disclosures (IPSAS 20)
• Disclosure of financial information (IPSAS 22)
• Service concessions (IPSAS 32)
DAY 5
Cash Basis IPSAS & First Time Adoption
• The statement of cash receipts and payments
• Disclosures
• Consolidation under the cash basis
• Presentation of budget information in the financial statements
• The additional disclosures encouraged in part 2 of the cash basis IPSAS
• Migrating from cash to accrual basis
• First time adoption of IPSAS (IPSAS 33)
• Change management and the adoption of IPSAS
End of the Workshop
For Training arrangements call us on the detail below
TANZANIA: +255 749 50 26 78
SOUTH AFRICA: +27 694 31 79 73
KENYA: +255 749 50 26 78
DUBAI: +27 694 31 79 73
