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IPSAS Update

Stay up to date with the latest developments in IPSAS financial statements, including the impact of coronavirus, new Standards, amendments, and exposure drafts. Join this comprehensive program designed for preparers and users of IPSAS financial statements.

  • All levels
  • 18 and older
  • $1,418.90
  • Live Online
  • 8 hours over 2 sessions
IPSAS Update

Start Dates (0)

  • $1,418.90
  • Live Online
  • 8 hours over 2 sessions
  • Price include sales tax
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Class Description

Description

What you'll learn in this ipsas training:

The content has been developed for preparers and users of IPSAS financial statements with two main aims:

  • Clarify the impact of coronavirus on accounting, presentation and disclosure in IPSAS financial statements for 2020
  • Explain the requirements of important new Standards and amendments in later periods.

The program will also cover the significant outstanding Exposure Drafts published by the International Public Sector Accounting Standards Board (IPSASB).

This program answers questions such as:

  • How will coronavirus affect accrual basis IPSAS financial statements for 2020?
  • 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

  • Identify how coronavirus affects IPSASs relevant to your organisation
  • Draft disclosures to explain judgements and estimates triggered by the effects of coronavirus
  • Learn the requirements of new and amended IPSASs
  • Plan how to implement changes to IPSASs

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

  • Impact of coronavirus on IPSAS accounting in 2020

  1. Presentation of financial statements (IPSAS 1)
  2. Financial instruments (IPSAS 28 – 30), including credit losses and concessionary loans
  3. Impairment of non-cash-generating assets (IPSAS 21)
  4. Revenue from non-exchange transactions – taxes and transfers (IPSAS 23)
  5. Non-exchange transactions – expense recognition (IPSAS 19)
  6. Employee benefits (IPSAS 39)

  • New and Amended Standards for 2023

  1. IPSAS 41 - Financial Instruments (to replace IPSAS 29)
  2. IPSAS 42 - Social Benefits
  3. IPSAS 19 (amendments) - Collective and Individual Services
  4. Improvements to IPSASs 2019  

  • Exposure Drafts

  1. ED 70 - Revenue with Performance Obligations
  2. ED 71 - Revenue without Performance Obligations
  3. ED 72 - Transfer Expenses

  • IPSASB projects – Measurement, Leases, Infrastructure and Heritage

Remote Learning

This course is available for "remote" learning and will be available to anyone with access to an internet device with a microphone (this includes most models of computers, tablets). Classes will take place with a "Live" instructor at the date/times listed below.

Upon registration, the instructor will send along additional information about how to log-on and participate in the class.

Refund Policy

Cancellation/Refund Policies:
  • Provider reserves the right in its sole discretion to cancel or reschedule an Event, or to change the instructor without notice. You will be entitled to no compensation or damages in such a case.

  • If Provider cancels an Event (or reschedules it to a date inconvenient to you), we will provide a full refund within 30 days upon your written request, or at your option you may transfer the credit to another Provider Event or to another person.
     
  • If you cancel your registration in writing to Provider at least 14 days before the start of the Event, we will provide an 80% refund - the remaining 20% represents our administration fee. Alternatively, you are welcome to transfer the full credit to another course or to another person at no extra charge.
     
  • If you cancel your registration with less than 14 days prior written notice to Provider, or do not attend the Event for any reason whatsoever, no refund will be made and no Provider Content will be distributed to you. A transfer of the credit to another course or to another person may be possible, in Provider's sole discretion, at an extra charge equal to 20% of the original registration fee.

  • No refunds will be made after you have attended the Event. Nonetheless, the Provider is proud of its reputation in the marketplace and also of its level of customer service, and will always seek to address any concerns that you may have before, during or after the course.

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IASeminars

Whatever your requirements are for training in international accounting, you can be assured that IASeminars are ready to deliver. Offering topics such as IFRS, US GAAP, IPSAS, Management Accounting and Banking Regulation, here at IASeminars we are passionate about helping you progress your professional...

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IASeminars

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