International Public Sector Accounting Standards (IPSAS) Fundamentals Training

Module 1: Introduction to IPSAS Fundamentals

Overview of IPSAS framework, objectives, and principles

Importance of IPSAS in public sector financial reporting

Key differences between private sector accounting and IPSAS

Module 2: Public Sector Financial Statements

Basic components: Statement of financial position, statement of financial performance

Introduction to cash flow and notes to the financial statements

Fundamental disclosure requirements

Module 3: Revenue and Expense Recognition

Accounting for public sector revenue

Basic treatment of employee benefits and grants

Expense recognition under accrual-based IPSAS

Module 4: Assets and Liabilities Fundamentals

Accounting for property, plant, and equipment

Introduction to intangible assets and investments

Basic understanding of provisions, contingent liabilities, and contingent assets

Module 5: Budgeting and Fund Management Basics

Understanding IPSAS budgeting principles

Tracking budget vs actual performance

Monitoring fund utilization for accountability

Module 6: Compliance and Governance in Public Sector Accounting

Ensuring adherence to IPSAS standards

Introduction to internal controls and audit requirements

Promoting transparency and accountability

Module 7: Practical Exercises and Case Studies

Hands-on exercises preparing basic IPSAS-compliant financial statements

Real-world public sector accounting scenarios

Group discussions and problem-solving exercises