Introduction

    The importance of training courses is not only limited to professional life, as most of us think but training courses aim to transfer knowledge and practical experiences that enrich the skills of individuals and enhance their self-confidence, which contributes to the preparation of cadres which in turn contributes to the development and progress of institutions. Therefore, Strategic Vision Training Center aims to enhance the skills and experiences of individuals through the strongest training programs to keep pace with every development in the labor market.

Objective

• Understand the international accounting standards in the government sector and clarify the difference between the cash-based international public sector accounting standards and their accrual-based counterpart
• Understand the core values ​​of IPSAS
• Identify the basis for preparing and presenting financial statements, accounting policies and other explanatory notes in accordance with International Financial Reporting Standards.
• Studying the basic conditions included in the accrual-based international accounting standards for the public sector in the interest of workers preparing financial reports, financial auditors and users of these reports.
• Provide guidance on how to use International Public Sector Accounting Standards in practice
• Ensure that its employees understand the International Public Sector Accounting Standards
• The ability to determine the basis for the transformation process to apply accounting standards
• Knowing and defining the roles and responsibilities of employees and company departments in applying these standards
• Employees acquire sound knowledge of how to apply international accounting standards in the public sector efficiently and effectively
• Ensure that employees carry out the transition to the accrual basis efficiently and professionally
• Being able to put in place mechanisms to monitor the continuity of work with international accounting standards in the public sector
• The ability to apply these standards in the public sector
• Strengthening the role of the trainee in the transition to the basis of merit
• Acquiring new skills that qualify the trainee for ambitious career growth

Who should attend?

• Board members
• Managers and members of financial departments
• Managers and members of the Internal Audit Department
• Accountants and financial analysts
• Compliance Officers
• Governance Managers
• Managers and members of legal departments

Course content:
Overview of IPSAS

• An overview of the work of IPSASB
• The purpose of the financial statements in the government sector
• The main principles of international accounting standards
• IFRS
• The general framework for accountability in government units
• Aspects of disclosure and transparency
• Generally Accepted Accounting Principles
• The basics of accounting measurement used in government accounting

IPSAS Standards

• Review of the current standards of international accounting standards for the public sector
• Financial statements that comply with international accounting standards for the public sector
• Requirements for the application of the International Standards for Government Accounting IPSAS in government institutions
• Issuance of a statement of financial position
• Issuance of a cash flow statement
• Accounting policies, changes in accounting estimates and errors
• International government accounting standards based on accrual and cash basis
• The General Framework of International Accounting Standards in the Governmental Sector IPSAS

International Accounting Standards for Government Financial Performance

• Accounting for revenue from exchange transactions
• Accounting for non-exchange revenue
• Accounting for wages, salaries and employee benefits
• Accounting for lease contracts
• Construction Contracts
• Reconciliation of expenses and revenues
• Settlement of covenants and trusts

International accounting standards for government assets, property and liabilities

• Accounting for fixed assets and their depreciation
• Accounting for intangible assets
• Accounting for stock, damaged and lost
• Accounting for government investments
• Accounting for the depreciation of assets after their acquisition
• Accounting for provisions, liabilities and potential assets
• Accounting for contingent liabilities and contingent assets

Preparing financial statements and governmental final accounts in accordance with international standards and their applications

• Closing government final accounts
• Preparing and presenting government financial statements
• View cash flow statements
• Events after the financial reporting date
• Disclosure of financial information about the general government sector
• Presentation of budget data in the financial statements and statements
• Applications and Examples