Course detail

 

Course detail

Course 3280
International Public Sector Accounting Standards (IPSAS) Technical Update

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Contents


Introduction

This one-day course brings delegates up-to-date with the latest pronouncements from the International Public Sector Accounting Standards Board (IPSASB), which focuses on the accounting and financial reporting needs of national, regional and local governments, related governmental agencies, and the constituencies they serve. This program provides experienced International Public Sector Accounting Standards (IPSAS) practitioners with information focused on the recent and upcoming changes to IPSAS. This update course also serves as a supplement to our Course 3200: Overview of International Public Sector Accounting Standards IPSAS (3-day course), which provides a comprehensive overview of the most important requirements for understanding and applying IPSAS.

This program gives delegates an update on recent and future developments of the IPSAS, including exposure drafts and invitational papers for comment. This one-day, highly interactive course also covers the frequently-asked questions of implementing IPSAS. Application issues and the experiences of entities that are implementing IPSAS in the public sector are discussed. Course participants are encouraged to raise questions and interact with other delegates, therefore learning from the practical experiences of applying IPSAS.

This program answers questions such as:

  • What are the recent and likely future changes in IPSAS?
  • When will new requirements be effective?
  • What are the application and transition rules relating to new pronouncements?
  • How are the IPSAS implemented and what are the most frequent application issues encountered?

Prerequisites

Knowledge of IPSAS (see Course 3200: Overview of International Public Sector Accounting Standards IPSAS (3-day course)).
Practical experience in public sector accounting.
No advance preparation is required for this course.

Course Level

Update

Topics

  • Recent New IPSAS Issuances and Amendments
  • IPSAS 31 Intangible Assets
  • IPSAS 28 Financial Instruments: Presentation
  • IPSAS 29 Financial Instruments: Recognition and Measurement
  • IPSAS 30 Financial Instruments: Disclosure
  • Improvements to IPSAS
  • IPSAS 27 Agriculture
  • Exposure Drafts
  • ED 35 Borrowing Costs
  • ED 41 Accounting for Controlled Entities
  • Current Discussion Papers
  • Update on Other Projects
  • IFRS convergence project
  • IPSASB’s work program
  • Public Sector Conceptual Framework
  • Service concession arrangements
  • Social benefits
  • Guidelines for modifying International Accounting Standards Board Documents
  • Fiscal Sustainability
  • Heritage Assets

Course Benefits

  • Understand new IPSAS requirements, including accounting policies and disclosures
  • Plan ahead for issues that arise when implementing future developments and anticipated IPSAS
  • Apply recent and revised IPSAS
  • Increase planning opportunities through awareness of likely future IPSAS changes
  • Learn the sources of IPSAS guidance that are available
  • Interact with delegates who are involved in implementing IPSAS

Teaching Method

  • Live group instruction with interactive participation encouraged
  • Explanation and discussion of current and upcoming accounting issues
  • Presentation of examples and case studies for illustration
  • Discussion of practical experiences and real-world applications
  • All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials

Continuing Professional Education (CPE)

8 hours

Venue

All of our Dubai seminars take place in 4 star professional conference facilities, usually in city-centre downtown hotels like the Marriott, Sheraton or Hilton brands.

Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations with bedroom rates where available.

Coffee and lunch will be provided.

Course Summary

This one-day course brings delegates up-to-date with recent and likely future developments of the International Public Sector Accounting Standards (IPSAS). Topics to be covered are finalized in the run-up to the course in order to be as current as possible. Using examples and case studies for illustration, this program concisely covers the latest and pending changes to the IPSAS. Topics include: Recent new IPSAS issuances and amendments | Intangible Assets (IPSAS 31) | Financial Instruments (IPSAS 28, 29 and 30) | Improvements to IPSAS | IPSAS 27 Agriculture | Exposure Drafts | ED 35 Borrowing Costs | ED 41 Accounting for Controlled Entities | Current Discussion Papers | Update on other projects | IFRS Convergence Project | IPSASB’s work program | Public Sector Conceptual Framework | Service Concession Arrangements | Social Benefits | Guidelines for modifying International Accounting Standards Board Documents | Fiscal Sustainability | Heritage Assets.