International Public Sector Accounting Standards

NCA College of Management delivers a flexible program providing an overview of important requirements of International Public Sector Accounting Standards (IPSASs). The program addresses the resolution of practical issues commonly encountered when financial statements are prepared under IPSAS. The course includes transition, analysis of anticipated changes in the requirements, along with  the main difference between IFRS & IPSAS.

The subject mainly, emphasis on accrual-based financial reporting i.e. shifting from traditional to cash-based accounting.

The course is specifically designed for the employers and employees of both private and public sectors, who are willing to develop their learning in IPSAS and are looking for best application practice.

The course is expected to equip financial professionals, with robust financial management, financial reporting, and relevant budgeting skills.

IPSAS Course Objectives

The agenda of the course is to provide comprehensive knowledge of existing accounting standards and guidance in applying it. By the end of the program, every candidate can successfully demonstrate the technical content of cash basis IPSAS, accrual basis IPSAS, and its application to execute in Public organizations.

• Wholly describe the financial reporting of the Public sector entities.
• Label the requirements and their application to determine the appropriate events and transactions of financial statements.
• Stronger understanding in public accounting, for improvising transparency and accountability.
• Improve transparency and quality of financial reporting.

Salient features of IPSAS course

• A considerable prominence in developing forecasts/budgets, governance, financial performance, and cost analysis.
• Further progression in career front.
• Leverage expertise in the technically demanding area.
• Acquiring of formal recognition from the leading body.

IPSAS Course Structure

1. Accounting policy & Financial Statement preparation

2. IPSAS1, Financial Statements

3. IPSAS 2, Cashflow Statements
4. IPSAS 3, Accounting policies, changes in accounting estimates & errors.
5. IPSAS 18, Segment reporting

6. IPSAS 24, Disclosure of standards, and presentation of budget information.

7. Financial Performance

8. IPSAS 9, Non-exchange revenue

9. IPSAS 11, Construction contracts

10. IPSAS 23, Non-exchange revenue

11. Accounting for Assets & Liabilities

12. IPSAS 4, Translation of financial statements of foreign operations

13. IPSAS 4-10, Foreign operations, and hyperinflationary economies
14. IPSAS 5, Borrowing costs
15. IPSAS 10, Financial reporting in hyperinflationary economies
16. IPSAS 12, Inventories
17. IPSAS 13, Leases
18. IPSAS 14, Events after the reporting date
19. IPSAS 16, Investment property
20. IPSAS 17, Property plant and equipment
21. IPSAS 19, Contingent liabilities and contingent assets
22. IPSAS 21, Impairment of non-cash generating assets
23. IPSAS 26, Impairment of cash-generating assets
24. IPSAS 27, Agriculture
25. IPSAS 28, 29, 30, Financial instruments
26. IPSAS 31, Intangible assets
27. IPSAS 32, Service concessions

28. IPSAS 39, Employee benefits

29. Consolidation

30. IPSAS 34, Separate financial statements

31. IPSAS 35, Consolidated financial statements
32. IPSAS 36, Investments in Associates & Joint Ventures
33. IPSAS 37, Joint ventures
34. IPSAS 38, Disclosure of interests in other entities

35. IPSAS 40, Public sector combinations

36. Disclosure Standards

37. IPSAS 20, Related party disclosure

38. IPSAS 22, Disclosure of financial information about the general government sector.

IPSAS intakes

Interested students can get admission for the Diploma course in January/June. For completion, of course, candidates must achieve a minimum of 60 percent. Students can appear for the exams any time of the year.

For more information on IPSAS, contact us!