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
- Presentation of financial statements (IPSAS 1)
- Financial instruments (IPSAS 28 – 30), including credit losses and concessionary loans
- Impairment of non-cash-generating assets (IPSAS 21)
- Revenue from non-exchange transactions – taxes and transfers (IPSAS 23)
- Non-exchange transactions – expense recognition (IPSAS 19)
- Employee benefits (IPSAS 39)
- New and Amended Standards for 2023
- IPSAS 41 - Financial Instruments (to replace IPSAS 29)
- IPSAS 42 - Social Benefits
- IPSAS 19 (amendments) - Collective and Individual Services
- Improvements to IPSASs 2019
- ED 70 - Revenue with Performance Obligations
- ED 71 - Revenue without Performance Obligations
- ED 72 - Transfer Expenses
- IPSASB projects – Measurement, Leases, Infrastructure and Heritage
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.