International public sector Accounting Standard (IPSAS)-IPSAS for Managers and Non- accountants


Date and Venue

April 3, 2023 - April 7, 2023
July 10, 2023 - July 14, 2023
Sept. 4, 2023 - Sept. 8, 2023
Dec. 4, 2023 - Dec. 8, 2023



This course will explain and illustrate the key financial principles and accounting terminology in IPSAS in a very clear and practical way for managers and non-accountants. Participants will improve their understanding of the requirements of IPSAS financial reporting and accounting and build confidence when dealing with financial situations encountered as a Manager.

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 various standards is illustrated through the use of short case studies.

This program answers questions such as:

  • What is accrual based IPSAS and how is it different from cash accounting?
  • What do statements of financial position, income statement and cash flow statement show, how are they prepared and how do they interact?
  • What are the current requirements for presentation of accrual-based IPSAS financial statements and related disclosures?
  • Where can guidance on IPSAS be found?
  • How have the IPSAS recently changed?
  • What techniques should I be using to assess performance in my department (i.e. for IPSAS compliant public sector entity)?
  • What practical issues commonly arise when implementing IPSAS outside the finance- accounting departments of public sector entities?


  • De-mystify IPSAS financial reporting and accounting terminology to Appreciate the difference between net income and cash
  • Understand the purpose and content of the various financial statements and the accounting principles and rules that underpin their preparation
  • Apply the use of ratios and financial analysis to understand the performance and position of a public sector entity
  • Increase planning opportunities through awareness of likely future IPSAS changes
  • Learn the sources of IPSAS guidance that are available


  • Introduction to IPSAS
  • Brief history
  • Scope of IPSAS
  • Sources of guidance
  • Accounting for Government Business Enterprises (Not covered in this course as they apply IFRS)
  • Understanding how the statements of financial position, income statement and cash flow statement interact
  • Key financial ratios and financial analysis: A review of techniques that can be applied to assess performance in my department drawing on financial data available when a public sector entity is reporting under accrual based IPSAS
  • Impact of the Transitioning to the IPSAS Accrual Basis of Accounting on non-accounting and finance departments
  • Key issues
  • A high level review of the IPSAS framework to Reporting & Disclosure
  • IPSAS 1 Presentation of Financial Statements to IPSAS 2 Cash Flow Statements
  • IPSAS 3 Net Surplus or Deficit for the Period - Fundamental Errors and Changes in
  • Non-current Assets
  • IPSAS 17 Property, Plant and Equipment to IPSAS 31 Intangible Assets
  • IPSAS 21 & 26 Impairment of Non-Cash-Generating Assets & Impairment of Cash-
  • Generating Assets to Revenues & Related Costs
  • IPSAS 9 Revenue from Exchange Transactions
  • IPSAS 23 Revenue from Non-Exchange Transactions (Taxes and Transfers)
  • IPSAS 12 Inventories to Liabilities and Expenses
  • IPSAS 19 Provisions, Contingent Liabilities and Contingent Assets to IPSAS 25 Employee Benefits
  • Financing and Financial Instruments to IPSAS 13 Leases
  • IPSAS 4 The Effect of Changes in Foreign Exchange Rates to Financial Instruments
  • Consolidations and Strategic Investments
  • IPSAS 6 Consolidated Financial Statements - Accounting for Controlled Entities to IPSAS 7 Accounting for Investments in Associates
  • IPSAS 8 Financial Reporting of Interests in Joint Ventures to Other Presentation and Disclosure Standards
  • IPSAS 18 Segment Reporting
  • IPSAS 20 Related Party Disclosures
  • IPSAS 24 Presentation of Budget Information in Financial Statements