International Public Sector Accounting Standards (IPSAS)

Module 1: Introduction to IPSAS

Overview of IPSAS framework, objectives, and principles

Importance of IPSAS in public sector financial reporting

Differences between IPSAS and private sector accounting standards

Module 2: IPSAS Financial Statements and Reporting

Statement of financial position, statement of financial performance

Cash flow and notes to financial statements

Disclosure requirements under IPSAS

Module 3: Revenue and Expenses Recognition

Accounting for revenue in the public sector

Employee benefits and grants

Expenses recognition and accrual accounting under IPSAS

Module 4: Assets and Liabilities

Accounting for property, plant, equipment, and intangible assets

Financial instruments and investments

Provisions, contingent liabilities, and contingent assets

Module 5: Budgeting and Fund Management

IPSAS budgeting principles

Monitoring fund utilization and compliance

Reconciling budget vs actual performance

Module 6: Compliance, Audit, and Governance

Ensuring adherence to IPSAS standards

Internal controls and audit requirements

Reporting for accountability and transparency

Module 7: Practical Application and Case Studies

Hands-on exercises preparing IPSAS-compliant financial statements

Analysis of real-world public sector accounting scenarios

Group discussions and problem-solving exercises