Preparation for the International Public Sector Accounting Standards IPSAS certificate

The objectives of the course aim for the program to introduce participants to the general framework of international standards of accounting in the public sector IPSAS and to familiarize them with the standards issued by the International Public Sector Accounting Standards Board in the public sector, their objectives, and skill development in their application, and to prepare for obtaining the accounting standards certification in the public sector. Course axes First axis - Introduction about the international standards for public sector institutions IPSAS. The required information to be provided through general purpose financial reports. The qualitative characteristics of the information contained in financial reports. Explanation of the differences between the international financial reporting standards IFRS and the standards of the International Public Sector Accounting Standards IPSAS. Second axis - Present all international standards for public sector institutions IPSAS issued up to its date with a brief explanation of the objectives of each. Third axis - This axis includes a detailed discussion of some standards with the application of actual cases, as follows: First group - Specific standards for financial disclosures: · IPSAS 1: Presentation of financial statements · IPSAS 2: Cash flow statements · IPSAS 14: Events after the reporting period · IPSAS 22: Disclosure of financial information about the public sector Second group - Standards related to the accounting treatments for assets and liabilities: · IPSAS 12: Inventories · IPSAS 17: Property, plant, and equipment (fixed assets) · IPSAS 13: Leases · IPSAS 9: Revenue from exchange transactions Third group - Special investments for investments: · IPSAS 28: Financial instruments - Presentation · IPSAS 29: Financial instruments - Recognition and measurement · IPSAS 30: Financial instruments - Disclosures · IPSAS 16: Property investments