IPSAS is being introduced in almost every country in the world. IFRS having replaced IAS is now becoming the world standard, but in many ways was not specific enough to the needs of the Public Sector. The United Nations and World Bank coming to this realisation have favoured IPSAS which is a modified form of IFRS tailored to the Public Sector. The challenges of implementation are varied and complex. However, the risks associated with non-compliance are very real.
This course will help our clients to assist not only in meeting the challenges of introducing IPSAS, but also to secure the benefits of improved financial management to help secure organisational objectives and goals of each public service organisation.
Donor organisations, foreign Governments, aid agencies, free trade associations, banks and financial institutions increasingly require projects to be applied and accounted for to modern standards, either GAAP,IAS and IFRS including IPSAS. This enables multi-national organisations to make comparisons between projects wherever in the world they happen, irrespective of jurisdiction, culture, language and ethnicity. IPSAS is becoming and will become the World standard for Public Sector entities.
Who should take this course
There are no pre-requisites to undertake the programme. Designed for finance professionals in the public sector the course will benefit anyone who requires an understanding of international financial reporting standards within the public sector.
In particular it is suitable for:
- Accountants and finance staff at all levels involved in the preparation of financial statements
- IFRS and IPSAS implementation and maintenance teams
- Internal auditors and consultants dealing with financial reporting
CPD (Continula Professional Development) accredited by the CPD
Background to IPSAS The Technical Bases Links and implications to and for broader strategies: Financial Management, Taxation, Asset Management, Governance and accountability The Standards Financial reporting Satisfying donor & stakeholder requirements Implications for Internal and External Audit Impact on financial processes and systems Implementation Delegates will leave with a detailed understanding of the accounting requirements of IPSAS How to formulate a documented action plan How to manage substantial financial resources How to develop skills to aid implementation, capacity development, benefits realisation and risk management plans How to provide wider training and how to contribute to the strategic consequences of IPSAS How to implement How to reduce risk of qualified account
About Course Provider
GBA Corporate, the name highlights as a one stop for diversified training. We are one of the most upcoming UK based training company offering extensive training with wide range of training courses. We are based in UK with venues across the globe, providing value training in 15 countries worldwide not only that we customise training as per requirement and even Be Spoke and can reach anywhere in the world for our Clients.
GBA Corporate is the name on which you can rely upon like our clients from diverse sectors across the globe. Our innovative and diversified training courses are designed and delivered by our recognized facilitators known for providing relevant courses in their region.
Our mission is to enhance the skills through our extensive variety of pioneering programs that will help the employees to explore new skills within themselves and build new perspectives though our varied nature.
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