An Intensive 5-day Training Course
International Public Sector Accounting Standards (IPSAS)
Aligning Public Sector Accounting & Reporting with International Standards
CLASSROOM DATES
INTRODUCTION
IPSAS is becoming and will become the world standard for Public Sector entities. While IFRS has replaced IAS as the global benchmark for private entities, IPSAS addresses the specific needs of the Public Sector. Recognizing this, the United Nations and World Bank have adopted IPSAS, a tailored version of IFRS designed for public sector financial reporting.
This EuroMaTech training course will assist clients in meeting the challenges of introducing IPSAS while also securing the benefits of improved financial management. Participants will gain an understanding of how IPSAS compares with IFRS to address public sector-specific requirements.
Key topics covered include:
- Updates on the contextual differences between IPSAS and IFRS
- Financial statement presentation for public sector entities
- Funding, revenue, and expenditure reporting
- Asset and liability management
- Entity consolidation and combination
- Disclosure requirements and other relevant matters
TRAINING OBJECTIVES
By the end of this IPSAS-focused training, participants will:
- Understand the background and latest technical updates to IPSAS.
- Learn the implications of IPSAS on broader strategies, including Financial Management, Taxation, Asset Management, Governance, and Accountability.
- Apply IPSAS standards effectively for financial reporting.
- Satisfy donor and stakeholder requirements using updated IPSAS guidelines.
- Understand the impact of IPSAS on internal and external audits, financial processes, and systems.
- Develop skills to formulate action plans and manage substantial financial resources.
- Create strategies to reduce the risk of qualified accounts.
- Enhance capabilities in capacity development, risk management, and benefits realization.
- Provide wider training and support to embed IPSAS principles within an organization.
WHO SHOULD ATTEND?
This EuroMaTech training course is tailored for finance professionals in the public sector. It is also suitable for:
- Accountants and finance staff at all levels involved in preparing financial statements.
- IFRS and IPSAS implementation and maintenance teams.
- Internal auditors and consultants responsible for public sector financial reporting.
TRAINING METHODOLOGY
The International Public Sector Accounting Standards (IPSAS) EuroMaTech training course employs:
- Presentations combined with interactive practical exercises.
- Case studies highlighting recent IPSAS adoption at global institutions, such as the United Nations.
- Activities and video materials to contextualize IPSAS principles.
- Detailed explanations to align IPSAS requirements with participants' workplace needs.
Delegates will leave with a comprehensive understanding of IPSAS accounting requirements.
TRAINING SUMMARY
This program offers a unique learning experience tailored specifically for public sector organizations. Participants will:
- Gain high-quality and practical insights from public sector financial reporting experts.
- Navigate the transition and embedding of IPSAS within their organizations.
- Achieve a shared understanding of IPSAS standards to enhance organizational compliance.
- Support IPSAS adoption and integrate IFRS-modified standards for public sector use.
TRAINING OUTLINE
Day 1 : Introduction to IPSAS
- Conceptual Basis of Government Accounting
- Reporting on the Full Cash Basis (IPSAS: Financial Reporting under the Cash Basis of Accounting)
- Progress Towards Accrual Accounting
- Role of IFAC in Public Sector Reporting
- Financial Reporting and Auditing Updates
Day 2 : The Need for IPSAS
- Importance of IPSAS for Public Sector Stewardship
- Differences Between Public Sector and Private Sector Accounting
- Overview of IPSAS Standards
- Accrual vs. Cash Accounting with updated guidance.
Day 3 : United Nations Case Study
- IPSAS and Public Sector Accounting Rules
- Key Concepts of IPSAS
- Adoption of IPSAS at UNDP: A Case Study
- Comparisons between UNSAS and IPSAS adoption processes
- Progress Reports on IPSAS Implementation at UNDP, UNFPA, and UNOPS
Day 4 : Implementation of IPSAS
- Transition from Cash to Accrual Accounting
- Key Issues and Impacts of IPSAS Implementation
- Updated Standards Overview
- Developing Unified Chart of Accounts
- Budgeting with IPSAS guidelines.
- Financial Statements and Compliance (IPSAS 1)
- Revenues, Receivables, and PP&E Reporting
Day 5 : Specific IPSAS Rules
- Reporting Payables and Expenses
- Managing Inventories and Intangible Assets
- IPSAS Guidance on Leases and Provisions
- Addressing Contingent Liabilities and Contingent Assets
- Pre-Financing and Budgeting
- GPFS: Cash Basis vs. Accrual Basis
- Impacts of IPSAS on Auditors and Internal Control Systems.
- Role of ICT in Supporting IPSAS Implementation
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ACCREDITATION
EuroMaTech is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy 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.NASBARegistry.org.
Euromatech is a Knowledge & Human Development Authority (KHDA) approved training institute in Dubai, licensed and approved to deliver training courses in the UAE.
The KHDA is the regulatory authority in the UAE, that oversees administering, approving, supervising, and controlling the activities of various education providers in the UAE. We are proud of our commitment to ensuring quality training courses and status as a KHDA-approved training provider.
This training course is also part of the 10-day titles:
FAQ
What makes EuroMaTech a leader in professional training?
EuroMaTech stands out as a leader in training and professional development due to:
- 30+ years of experience delivering high-impact training courses across industries.
- Accreditations from leading institutions, ensuring top-tier course quality and recognition.
- A portfolio of thousands of training courses, serving professionals at every level.
- A focus on innovation and future-ready learning models, including blended and digital training.
- Long-term partnerships with organizations globally, ensuring sustained success through talent development.
How can I register for a EuroMaTech training course?
To register for a training course, you can:
- Visit the EuroMaTech website, browse the available courses, and follow the online registration process.
- Contact EuroMaTech’s support team for assistance with course selection or inquiries about corporate training solutions.
Does EuroMaTech offer international training courses?
Yes, EuroMaTech delivers training courses in major cities worldwide, including locations across Europe, Asia, Africa, and the Middle East, in addition to its extensive presence in Dubai.
Where are EuroMaTech’s training courses held?
EuroMaTech conducts its training courses at prestigious venues across Dubai and other major international cities. Additionally, virtual training options are available, allowing participants to join courses remotely from anywhere in the world.
What ISO training courses does EuroMaTech offer?
EuroMaTech provides a range of ISO certification and compliance training courses, including:
- ISO 9001 – Quality Management Systems Training
- ISO 45001 – Occupational Health & Safety Management Training
- ISO 14001 – Environmental Management Systems Training
These courses help organizations adopt internationally recognized standards and improve their overall performance.
How does EuroMaTech ensure the quality of its training courses?
EuroMaTech ensures the highest standards by:
- Partnering with globally recognized accrediting bodies such as ILM, CPD, PMI, NEBOSH, and HRCI.
- Designing training courses with a focus on practical, real-world applications.
- Using experienced instructors with industry expertise.
- Continuously updating course content to reflect current trends and best practices.
Does EuroMaTech provide customized corporate training courses?
Yes, EuroMaTech specializes in tailored corporate training courses designed to meet the unique needs of organizations. These customized courses are ideal for businesses seeking to upskill teams across different departments or regions.
How many professionals have attended EuroMaTech’s training courses?
EuroMaTech has successfully delivered thousands of training courses, with thousands of professionals from over 50 countries attending annually.
What industries does EuroMaTech serve through its training courses?
EuroMaTech provides specialized training courses for a wide range of industries, including:
- Oil & Gas
- Energy & Power
- Construction & Infrastructure
- Banking & Finance
- Healthcare
- Telecommunications
- Logistics & Supply Chain
- Aviation & Aerospace
- Government & Public Sector
- Hospitality & Tourism
- Information Technology & Cybersecurity
- Human Resources & Talent Management
Are EuroMaTech’s training courses accredited?
Yes, EuroMaTech’s training courses are accredited by globally recognized institutions, ensuring high-quality, internationally respected certifications. Key accreditations include:
- ILM (Institute of Leadership & Management)
- CPD (Continuing Professional Development Certification Service)
- PMI (Project Management Institute)
- NEBOSH (National Examination Board in Occupational Safety and Health)
- HRCI (Human Resource Certification Institute)
What types of training courses does EuroMaTech offer?
EuroMaTech offers a diverse portfolio of training courses designed to meet the needs of professionals at all levels. These include:
- Leadership & Management Development Training
- Technical & Engineering Training Courses
- Project & Risk Management Training
- Health, Safety & Environmental (HSE) Training
- Finance & Accounting Training Courses
- ISO Compliance & Certification Training
- Human Resources & Talent Management Training
- Soft Skills & Communication Training Courses
Do you provide assistance with hotel accommodation?
Yes, we can assist you with the following:
- Corporate Discount: If available, we can extend our corporate discount for your stay at selected hotels.
- Hotel Suggestions: We can provide recommendations for nearby hotels based on your preferences and budget.
Feel free to explore online booking platforms for the most cost-effective options.
Do you offer customized training for organizations?
Yes, we provide tailored training solutions designed to meet the specific needs of your organization. Customized courses can be delivered either in-person or online, and you can select the dates and duration that best fit your schedule. For more details, please contact us at inhouse@euromatech.com
What types of training formats do you offer?
We provide two flexible training formats to suit your preferences:
- Classroom Training: Experience in-person learning with expert instructors. Engage in interactive discussions, hands-on activities, and benefit from face-to-face networking.
- Online Training: Join live online sessions from anywhere, offering flexibility for those with busy schedules or who prefer remote learning.
- In-House Training: We can bring our training directly to your organization, allowing for tailored sessions that address your specific needs and objectives.
Can you assist with visa arrangements?
Yes, we can help by issuing an official Letter of Invitation once you’ve confirmed your training registration, which can assist in your visa application process.
Who will be the senior consultant leading the training?
We are happy to share the profiles of our expert instructors. To learn more about their qualifications and experience, please contact us info@euromatech.com
