An Interactive 5-Day Training Course
International Public Sector Accounting Standards (IPSAS)
Course Overview
IPSAS have been developed to enhance the quality, consistency. and transparency of public sector financial reporting worldwide and has been issued by the International Public Sector Accounting Standards Board (IPSASB).
This GLOMACS International Public Sector Accounting Standards or IPSAS training course enables participants to understand IPSAS and the framework for public sector accounting. This training course provides an overview of the most important requirements for preparing financial statements and disclosures under IPSAS.
This training course will help the participants with the best practices in meeting the challenges of applying IPSAS and to help in achieving their organizational objectives.
Training Objectives
By the end of this training course, participants will be able to:
- Identify how IPSAS will fit with their organization
- Comprehend the core IPSAS values
- Explain the key differences in the new standards
- Recognize what compliant statements will look like
- Deploy key strategies for migration to IPSAS standards
- Set clear steps towards implementation
- Adopt IPSAS disclosure requirements, including accounting policies
Who should Attend?
This GLOMACS training course is for all staff, as all categories of staff are in one way, or another concerned with IPSAS matters.
- Heads of Departments, Directors, Senior Managers, Managers, accountants and Finance Professionals in public sectors
- Members of Audit and Advisory Committees for public/ privet sector organizations
- Senior Officials in national, provincial, and local government
- New or aspiring Board members
- Mangers in the regulators, state, and local government
- Business Consultants and professional advisers
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
Training Outline
DAY 1: Introduction to IPSASB
- Introduction to Regulatory Environment and structure of IPSASB
- The purpose of financial statements and any ongoing projects
- Background into financial accounting
- Key principles of Global Accounting Standards
- The development of Global Accounting Standards
- Underlying financial principles
- Disclosure and transparency aspects
- International Financial Reporting Standards (IFRS)
- Generally Accepted Accounting Principles (GAAP)
- The current global adoption of Global Accounting Standards
DAY 2: IPSAS Standards
- The strategic planning process roadmap
- Mapping regional standards to Global Accounting Standards
- Review of current IPSAS standards
- The correct application of individual IPSAS standards
- Overcoming key challenges
- Obtaining guidance and support from International Federation of Accountants
- Key IPSAS requirements within financial statements (IPSAS 1)
- Producing the statement of financial position
- Producing the statement of financial performance
- Producing the cash flow statement (IPSAS 2)
DAY 3: IPSAS Financial Performance
- Understanding of
- Non-exchange revenue (IPSAS 23)
- Exchange revenue (IPSAS 9)
- Construction contracts (IPSAS 11)
- Accounting for assets and liabilities
- Property plant and equipment (IPSAS 17)
- Intangible assets (IPSAS 31)
- Investment property (IPSAS 16)
- Impairment of cash generating assets (IPSAS 26)
- Impairment of non-cash generating assets (IPSAS 21)
- Borrowing costs (IPSAS 5)
- Inventories (IPSAS 12)
DAY 4: Consolidation
- Consolidated and separate financial statements (IPSAS 6)
- Interests in joint ventures (IPSAS 8)
- Investments in associates (IPSAS 7)
- Translation of financial statements of foreign operations (IPSAS 4)
- Financial reporting in hyperinflationary economies (IPSAS 10)
- Disclosure standards and presentation of budget information (IPSAS24)
- Segment reporting (IPSAS 18)
- Related party disclosures (IPSAS 20)
- Disclosure of financial information (IPSAS 22)
- Service concessions (IPSAS 32)
DAY 5: Cash Basis IPSAS & First Time Adoption
- The statement of cash receipts and payments
- Disclosures
- Consolidation under the cash basis
- Presentation of budget information in the financial statements
- The additional disclosures encouraged in part 2 of the cash basis IPSAS
- Migrating from cash to accrual basis
- First time adoption of IPSAS (IPSAS 33)
- Change management and the adoption of IPSAS
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA 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.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
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