Introduction:

This training program is developed by Global Horizon Training Center to provide public sector professionals with a comprehensive foundation in International Public Sector Accounting Standards (IPSAS). The program is designed specifically for those who plan to sit for an IPSAS-related examination and want to build strong theoretical and applied knowledge before doing so.

While the program does not offer IPSAS certification, it serves as an intensive preparatory course, equipping participants with the required skills and confidence to pass an IPSAS exam administered by relevant institutions or employers.

Target Audience:

• Public sector finance and accounting professionals

• Internal and external auditors

• Government budget and treasury personnel

• Finance officers transitioning to IPSAS-based reporting

• Candidates preparing for IPSAS certification or assessment exams

Objectives:

By the end of this program, participants will be able to:

• Understand the structure and objectives of IPSAS

• Apply key accrual-based IPSAS standards in real-life scenarios

• Identify differences between IPSAS, IFRS, and national standards

• Navigate the process of transitioning from cash to accrual basis

• Analyze and interpret public sector financial statements

• Prepare thoroughly for IPSAS-related examinations

Course Methodology:

• Expert-led presentations and concept walkthroughs

• Real-world case studies and examples

• Interactive exercises and discussion

• Mock exam questions with group review

• Summaries, key takeaways, and daily recap quizzes

Outlines:

Day 1:

IPSAS Introduction and Conceptual Foundation

• What is IPSAS? Origins and global relevance

• Role of the IPSASB and IFAC

• IPSAS Conceptual Framework

  • Objectives of financial reporting

  • Qualitative characteristics

  • Elements of financial statements

• IPSAS accrual vs. cash basis

• Overview of Cash Basis IPSAS

Day 2:

Core Accrual-Based IPSAS Standards – Part 1

• IPSAS 1: Presentation of Financial Statements

• IPSAS 2: Cash Flow Statements

• IPSAS 3: Accounting Policies, Changes in Estimates, and Errors

• IPSAS 4: Effects of Changes in Foreign Exchange Rates

• IPSAS 9: Revenue from Exchange Transactions

• IPSAS 17: Property, Plant, and Equipment

Day 3:

Core Accrual-Based IPSAS Standards – Part 2

• IPSAS 12: Inventories

• IPSAS 13: Leases (including IFRS 16 comparison)

• IPSAS 19: Provisions, Contingent Liabilities, and Contingent Assets

• IPSAS 23: Revenue from Non-Exchange Transactions (Taxes & Transfers)

• IPSAS 31: Intangible Assets

• Exercises and IPSAS journal entries

Day 4:

Advanced IPSAS Topics and Implementation Strategies

• IPSAS 24: Budget Information in Financial Statements

• IPSAS 32: Service Concession Arrangements

• IPSAS 35–38: Consolidation and Group Accounting

• IPSAS 41: Financial Instruments (Overview)

• Roadmap for transitioning from cash to accrual

• Challenges and strategies in IPSAS implementation

• Global case studies and best practices

Day 5:

Mock Exam Preparation and Final Review

• Financial statement analysis under IPSAS

• Exam-style scenario walkthroughs

• Practice questions and mock test

• Review of common errors and tips for exam success

• Final Q&A and individual feedback

• Certificate of Attendance by Global Horizon Training Center