IPSAS - Technical Update (1 day)

Introduction

We are managing our face to face IPSAS course schedule carefully right now. If the training course you want is not available, we may be offering a virtual alternative! View our Virtual Classroom schedule to see what is being delivered live in our online classrooms.

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This one-day course brings delegates up-to-date with the latest pronouncements from the International Public Sector Accounting Standards Board (IPSASB). It provides delegates with information focused on the recent and upcoming changes to IPSAS. This update course also serves as a supplement to our overview Courses (see Course 3002: IPSAS Masterclass and Course 3011: IPSAS Fundamentals - Accrual Basis), which provide comprehensive overviews of the requirements for understanding and applying IPSASs.

The content has been developed for preparers and users of IPSAS financial statements with two main aims:

• Explain the requirements of published new IPSASs and amendments to existing Standards
• Review current outstanding Exposure Drafts and projects on the IPSASB’s Work Plan

This program answers questions such as:

• What are the significant published changes in IPSASs? When, and how, will they be implemented?
• What are the likely future changes in IPSASs?

Learning Objectives

• Learn the requirements of new and amended IPSASs
• Plan how to implement these changed Standards
• Prepare for future developments

Who Should Attend

• Accountants and public financial management (PFM) officials in finance and reporting teams that prepare IPSAS financial statements
• External and internal auditors of public sector entities that prepare accrual-basis IPSAS financial statements
• Consultants, analysts and academics with interests in public sector financial reporting

Topics

• New and Amended Standards for 2023
  • IPSAS 41 - Financial Instruments
  • IPSAS 42 - Social Benefits
  • IPSAS 19 (amendments) - Collective and Individual Services
  • Improvements to IPSASs, 2019  
  • Improvements to IPSASs, 2021
• New Standards for 2025
  • IPSAS 43 – Leases
  • IPSAS 44 – Non-current Assets Held for Sale and Discontinued Operations
• Exposure Drafts
  • ED 70 - Revenue with Performance Obligations
  • ED 71 - Revenue without Performance Obligations
  • ED 72 - Transfer Expenses
  • EDs 76 & 77 – Measurement
  • ED 78 – Property, Plant and Equipment – inc. heritage and infrastructure assets

• ED 84 – Concessionary Leases and Right-of-Use Assets In-kind
• Public Sector Sustainability Reporting – guidance initiatives

Teaching Method

• Group live instruction by specialist instructors
• Clear and simple description and explanation of IPSAS requirements
• Use of case studies to illustrate real-world application
• Interactive participation is encouraged
• All participants receive a comprehensive binder containing copies of the presentation slides, handouts and other course materials

Instructors

Venue

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

Prerequisites

We will assume that participants have prior knowledge of existing IPSAS either as practitioners of IPSAS or through prior attendance on one of our accruals basis IPSAS courses. No advance preparation is required for this course.