IPSAS - The IPSASB Conceptual Framework and Key Accrual Accounting Concepts (online)

Course code: 3905e

Introduction

Principles-based accrual accounting standards, such as IPSAS, are underpinned by a conceptual framework that provides the broad principles on which the accounting standards are built. In addition, the conceptual framework underpins the Recommended Practice Guidelines issued by the IPSASB.

The Conceptual Framework of the IPSASB has been developed over an eight year period and was published in full on 31 October 2014 with the title ‘The Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities’.

An understanding of the Conceptual Framework is essential for anyone who wants to understand the basis of the requirements in IPSAS. In addition, when developing IPSAS-compliant accounting policies, an understanding of the conceptual framework is necessary.

This module answers questions such as:

  • What is the background and scope of the Conceptual Framework?
  • What is the role and authority of the Conceptual Framework?
  • How does the Conceptual Framework approach and describe the objectives and users of the General Purpose Financial Reporting?
  • What are the qualitative characteristics of the Framework and the constraints of information included in the GPFRs?
  • How are the reporting entity, elements, recognition and measurement presented in financial statements as described in the Conceptual Framework?
  • How is the information in GPFRs presented from the perspective of the Conceptual Framework?

Modules
How does a self-study module work?

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IPSAS Essentials Online
How does our instructor-supported online course work?

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Free Sampler Module
IPSAS Online

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IPSAS Online FAQ
Frequently Asked Questions

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Topics

  • IPSASB Conceptual Framework
    • Role and authority of the Conceptual Framework
    • Objectives and users
    • Qualitative characteristics
    • Reporting entity
    • Elements in financial statements
    • Recognition in financial statements
    • Measurement of Assets and Liabilities
    • Presentation of information
    • Net financial position

Teaching method

This is a self-study online module and usually takes 1-3 hours to complete. A module usually includes interactive lessons, a case study, a practice quiz and a final exam.

The final exam has a pass mark of 70%. One re-take is permitted if you don't achieve the pass mark the first time. You will have up to a year from the date of enrolling on the module to pass the exam.

Once you have passed the module you will be awarded a certificate of completion.

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

Modules
How does a self-study module work?

More details

IPSAS Essentials Online
How does our instructor-supported online course work?

More details

Free Sampler Module
IPSAS Online

Try before you buy

IPSAS Online FAQ
Frequently Asked Questions

More details

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

  • Recognize the relationship between the IPSAS and the Conceptual Framework
  • List the basis of the requirements in IPSAS
  • Define the reporting entity, elements, recognition and measurement in financial statements as described in the Conceptual Framework
  • Indicate how the Conceptual Framework approaches and describes the objectives and users of the General-Purpose Financial Reports (GPFR)
  • Define the presentation of information in General Purpose Financial Statements (GPFS) from the perspective of the Conceptual Framework
  • List the qualitative characteristics of the Conceptual Framework and the constraints of information included in the GPFRs.

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 managers 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

In House

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

Course details

Course schedule

There are currently no dates scheduled.
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