IPSAS Update (Virtual Classroom)

Introduction

This online IPSAS training is being delivered live in 2 individual sessions which run on consecutive days. The sessions will run each day from 13:00 – 17:00 London (UK).

You can learn more about our virtual, online courses and how they work on our course FAQ page. Or view our Virtual Classroom schedule to see what else is being delivered live in our online classrooms. If you don’t see the IPSAS training topic, you are looking for, or if you would like an online classroom in another time zone, please tell us.

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 Program – focus on Revenue, Transfer Expenses and Leases

The program will also include a brief summary of the impact of the Covid-19 pandemic on the preparation of IPSAS financial statements.

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 (replaces IPSAS 29 and amends IPSAS 30)
  • IPSAS 42 - Social Benefits
  • IPSAS 19 (amendments) - Collective and Individual Services
  • Improvements to IPSASs 2019  
• Exposure Drafts
  • ED 70 - Revenue with Performance Obligations
  • ED 71 - Revenue without Performance Obligations
  • ED 72 - Transfer Expenses
  • ED 75 – Leases
  • Request for Information - Concessionary Leases and Other Arrangements Similar to Leases
  • EDs 76 & 77 – Measurement Principles
  • ED 78 – Property, Plant and Equipment – inc. heritage and infrastructure assets
  • ED 79 – Non-current Assets Held for Sale and Discontinued Operations

Teaching Method

• Group internet 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 with all attendees being required to be present on camera for the duration of the sessions
• All participants receive comprehensive electronic course notes, including presentation slides, handouts and other course materials
• This virtual training is being delivered live and online over 2 individual sessions, each of 4 hours’ duration. They will run each day from 13:00 – 17:00 London (UK)

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 accrual-basis IPSAS courses. No advance preparation is required for this course.