IPSAS - Cash Basis (2 days)

Course code: 3050


The International Public Sector Accounting Standards Board (IPSASB) issues accounting standards and other guidance relating to the financial reporting needs of national, regional and local governments, governmental agencies, and the constituencies they serve. The International Public Sector Accounting Standards (IPSAS) that have been issued by the IPSASB represent the first and only comprehensive set of authoritative international financial reporting standards for governments and public sector entities.

The IPSASB’s goal is to serve the public interest by developing high quality accounting standards for use by public sector entities around the world in the preparation of general purpose financial statements. This will enhance the quality and transparency of public sector financial reporting and strengthen public confidence in public sector financial management. In pursuit of this objective, the IPSASB supports the convergence of international and national public sector accounting standards and the convergence of accounting and statistical bases of financial reporting where appropriate.

Some countries and entities wish to improve their existing cash basis accounting frameworks by adopting the IPSAS Cash Basis Standard. Adoption of this Standard enables more comprehensive and transparent financial reporting of cash receipts and payments and cash balances of the entity and enhances comparability over time and between entities. It also provides guidance on establishing reporting boundaries (consolidation), minimum levels of mandatory disclosure, including that of financial assistance, as well as providing optional recommended best practices enhancing disclosure. Full adoption of the Cash Basis IPSAS is often the first step toward the eventual adoption of accruals basis IPSAS which are comprehensively covered in our other courses.

This two-day course provides a comprehensive overview of the most important requirements for preparing financial statements and disclosures under the Cash Basis IPSAS.

The IPSAS accounting and disclosure requirements are explained in clear, simple language and illustrated with model financial statements and real-world examples. Application of the requirements and recommendations of this Standard are illustrated through the use of short case studies.

In addition of a review of current Cash Basis IPSAS, our specialist instructors provide guidance on how adoption of the Cash Basis IPSAS can be a first step in transitioning o the accrual basis. Course delegates also receive up-to-date information on IPSASB’s current exposure drafts and projects relevant to entities adopting the Cash Basis IPSAS.

This program answers questions such as:

  • What are the current and likely future requirements of the Cash Basis IPSAS?
  • What are the requirements for presentation of Cash Basis IPSAS financial statements and related disclosures?
  • What additional best practices are recommended by the Cash Basis IPSAS
  • How does adoption of the Cash Basis IPSAS assist entities wishing to transition eventually to full accruals based accounting under IPSAS?
  • What are the recommendations for transitioning from the cash to the accrual basis of accounting?
  • Where can guidance on IPSAS be found?
  • What practical issues commonly arise when implementing Cash Based IPSAS?
  • Possible future changes to the Cash Basis IPSAS


  • PART 1 - Requirements
    • Introduction to IPSAS
      • Brief history
      • Scope of IPSAS
      • Sources of guidance
      • Qualitative characteristics of cash basis financial statements
    • The Cash Basis
      • Cash Basis of Accounting
      • Cash Equivalents
      • Cash controlled by the reporting entity
    • Presentation and Disclosure Requirements
      • Financial statements
      • Information to be presented in the statement of cash receipts and payments
      • Cash receipts and disbursements made on behalf of the entity by others
      • Accounting policies and explanatory notes
    • General Considerations
      • Reporting period
      • Timeliness
      • Restrictions to cash balances and access to borrowings
      • Consistency of presentation, comparative information
    • Correction of Errors
      • Reporting
      • Disclosure
    • Consolidated Financial Statements
      • Scope of consolidated statements
      • Consolidation procedures
      • Consolidation disclosures
    • Foreign Currency
    • Presentation of Budget Information in Financial Statements
      • Presentation of a comparison of budget and actual amounts
      • Note disclosures of budgetary basis, period and scope
      • Reconciliation of actual amounts on a comparable basis and actual amounts in the financial statements
    • Recipients of External Assistance
      • External assistance received
      • Undrawn external assistance
      • Receipt of goods or services
      • Disclosure of debt rescheduled or transferred
      • Disclosure on non compliance with significant terms and conditions
    • Illustration of the requirements in Part 1 
  • PART 2 - Encouraged additional disclosures
    • Additional disclosures on:
      • Going concern
      • Extraordinary items
      • Administered transactions
      • Major classes of cash flows
      • Related parties
      • Assets and liabilities
      • Comparison with budgets
      • Consolidated financial statements
      • Joint ventures
      • Assistance received from NGOs
      • Recipients of external assistance
    • Governments and Other Public Sector Entities Intending to Migrate to the Accrual Basis of Accounting
      • Presentation of statement of cash receipts and payments
      • Illustration of certain disclosures
      • Qualitative characteristics of financial reporting
    • Recent and expected future developments
    • Comparison of disclosures with those required by entities adopting full accruals basis IPSAS

Teaching method

  • Group live instruction with interactive participation encouraged
  • Review of the rationale, objective and scope of IPSAS
  • Description and explanation of IPSAS requirements in clear and simple language
  • Use of case studies and real-world examples to illustrate practical application of the standards
  • Interactive participation will be encouraged
  • All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials


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 Cash basis IPSAS requirements, including accounting policies and disclosures
  • Understand the manner in which general purpose financial statements should be presented under the Cash Basis IPSAS of accounting
  • Plan ahead for issues that arise when transitioning from the cash (or modified cash) basis to the accrual basis of accounting
  • Learn the sources of IPSAS guidance that are available

Who should attend?

  • Finance and accounting managers of public sector entities considering adoption of the Cash Basis IPSAS
  • Government officials and project managers responsible for transition to Cash Basis IPSAS
  • Accountants and finance staff of public sector entities and similar agencies in the process of adopting the Cash Basis IPSAS
  • Accountants and finance staff moving from private to public sector environments that report under the Cash Basis IPSAS
  • Auditors of entities that have adopted the Bash Basis IPSAS or are in the process of doing so
  • Accounting practitioners, consultants and external auditors
  • Accounting academics

This course focuses on the adoption of the Cash Basis IPSAS and gives only a brief overview of transitioning from cash to the accruals basis IPSAS. Individuals wishing to learn about the transition from cash to accruals should attend one of our courses on accruals basis IPSAS.

CPE / CPD Accreditation


IASeminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org. 

Field of study: Accounting

ICAEW Partner in Learning

IASeminars is proud to have been named as an ICAEW Partner in Learning, working together to offer the ICAEW IFRS Certificate to our clients worldwide. ICAEW (The Institute of Chartered Accountants in England and Wales) is a world leading professional membership organisation that promotes, develops and supports over 145,000 chartered accountants worldwide. CPE certificates obtained from attending IASeminars courses are an ideal way for ICAEW members and others to demonstrate their continuing professional development, provided that the topic is relevant to their learning and development needs.

Texas State Board of Public Accountancy

IASeminars is registered with the Texas State Board of Public Accountancy as a CPE sponsor. Our CPE Sponsor ID is: 009689. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program.

In House

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

Course details

Course schedule

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