International Public Sector Accounting Standards (IPSAS)

Self-Learning Course Info

Type:

Self-Learning

Fees:

£ 550

Course Details

  • Introduction

  • Objective

  • Who should attend

This programme equips public sector finance professionals with the knowledge and practical skills to transition from cash-basis to accrual accounting using International Public Sector Accounting Standards (IPSAS). It covers financial statement presentation, Government Business Enterprise (GBE) reporting boundaries, and the application of key standards for revenue, assets, and liabilities.

The programme also addresses the practical challenges of IPSAS implementation, including budget reporting, first-time adoption, and transitional exemptions, while introducing emerging developments such as sustainability and climate reporting to prepare practitioners for the future of public sector financial reporting.

Self-learning Course Outline

Self-learning Course Content

Module 1 : Accrual Basis Accounting

This module establishes the foundational shift from cash-basis to accrual accounting in the public sector. Learners explore the IPSAS Conceptual Framework, governance structure, and standard-setting process, and examine how accrual-based reporting enhances transparency and accountability across government entities.


Module 2 : Financial Presentation

This module provides a structured study of IPSAS 1 and IPSAS 2, covering the preparation, presentation, and disclosure of financial statements. It also clarifies the reporting boundary by explaining when Government Business Enterprises (GBEs) must apply IFRS rather than IPSAS


Module 3 : Core Accounting Standards

This module develops the technical skills required to apply IPSAS recognition and measurement requirements for core public sector transactions. It covers revenue from exchange and non-exchange transactions, Property, Plant and Equipment (PPE), investment property, provisions, liabilities, and intangible assets.


Module 4 : Public Sector Specifics & Implementation

This module addresses the practical challenges of IPSAS implementation, focusing on budget reporting (IPSAS 24), first-time adoption (IPSAS 33), and emerging developments. Learners will develop the knowledge required to manage transition risks and stay current with global trends, including sustainability reporting.

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