IPSAS - Provisions and Contingencies (online)

Course code: 3908e

Introduction

Any public sector entity can be exposed to a number of uncertainties regarding future events and management and is therefore required to make informed estimates on the outcome of such events. The objective of IPSAS 19 is to ensure that appropriate recognition criteria and measurement bases are applied to provisions, contingent liabilities and contingent assets and that sufficient information is disclosed in the notes to the financial statements to enable users to understand their nature, timing and amount.

This module therefore covers IPSAS 19 on the appropriate recognition criteria and measurement bases for provisions, contingent liabilities and contingent assets, and to ensure that sufficient information is disclosed in the notes to the financial statements to enable users to understand their nature, timing and amount. IPSAS 19 aims to ensure that only genuine obligations are dealt with in the financial statements. Planned future expenditure, even where authorized by management, is excluded from recognition, as are accruals for self-insured losses, general uncertainties, and other events that have not yet taken place.

This module answers questions such as:

  • What are the differences in definition between provisions, contingent assets and contingent liabilities?
  • What are the recognition criteria and measurement bases that are applied to provisions, contingent liabilities and contingent assets?
  • Which disclosure requirements are prescribed in IPSAS 19 for provisions, contingent liabilities and contingent assets?

IASeminars IPSAS Online courses

Topics

  • IPSAS 19 Provisions, Contingent Liabilities and Contingent Assets
    • Definitions
    • Recognition and measurement
    • Disclosures

Teaching method

This is a self-study online module and usually takes 1-3 hours to complete. It includes interactive lessons, a case study, practice and final exams and, on passing the final exam you, will be awarded a CPE certificate.

All course content may be accessed through any device: desktop, laptop, tablet or smartphone so you can learn whenever and wherever you wish.

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Prerequisites

Understanding of basic accounting principles based on any national standards in the public sector. No advance preparation is required for this course.

Course benefits

  • Understand the different in definition between provisions, contingent assets and contingent liabilities
  • Establish an appreciation of public sector entities exposure to a number of uncertainties regarding future events and management and is therefore required to make informed estimates on the outcome of such events
  • Understand the recognition criteria and measurement bases that are applied to provisions, contingent liabilities and contingent assets
  • Learn the disclosure requirements for provisions, contingent liabilities and contingent assets

Who should attend?

Participants who require a high level overview and awareness of the core IPSAS accruals based standards including:

  • Finance and accounting managers of public sector entities considering to adopt IPSAS
  • Government officials and project managers responsible for IPSAS transition
  • Accountants and finance staff of public sector entities and similar agencies (e.g. UN) in the process of adopting IPSAS
  • Accountants and finance staff moving from private to public sector environments
  • Operations mangers of public entities needing an awareness of public sector financial reporting
  • Internal auditors of entities that have adopted IPSAS or are in the process of doing so
  • Accounting practitioners, consultants and external auditors
  • Analysts of public sector entities

Venue

  • Our eLearning courses are designed to allow online interaction with our expert instructors, while covering the same content as our highly popular live training courses.

Instructor(s)

  • Self Study

    This module is designed as a self-study course and is not supported by an instructor. If you prefer instructor led online training you should choose our Course 3030e: IPSAS (Accrual Basis) - Basics online course.

In House

To bring this course in-house please contact us and we will be pleased to assist

Course details

Course schedule

Select a start date for more details

1 Nov 2017 Online

Course level:
Basic
CPE / CPD:
Start date:
1 Nov 2017
Finish date:
30 Nov 2017
Location:
Online
Price:
GBP 99
Subject to Sales tax for all course purchases made in the UK, and Canada. (Read more)
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