IPSAS is becoming and will become the World standard for Public Sector entities. IFRS having replaced IAS is now becoming the world standard, but in many ways was not specific enough to the needs of the Public Sector.
DurationIPSAS is becoming and will become the World standard for Public Sector entities. IFRS having replaced IAS is now becoming the world standard, but in many ways was not specific enough to the needs of the Public Sector.
About Course:
Designed for finance professionals in the public sector the course will benefit anyone who requires an understanding of international financial reporting standards within the public sector.
It is also suitable for:
Accountants and finance staff at all levels involved in the preparation of financial statements
IFRS and IPSAS implementation and maintenance teams
Internal auditors and consultants dealing with financial reporting
This programme will help our clients to assist not only in meeting the challenges of introducing IPSAS, but also to secure the benefits of improved financial management to help secure organisational objectives and goals of each public service organisation.
It will also compare IFRS against IPSAS so that the participants can see the main differences.
The key topics covered are:
Context of IFRSs and IPSASs
Financial statement presentation
Funding, revenue and expenditure
Asset and liability reporting
Entity consolidation and combination
Disclosure and other matters
Background to IPSAS
The Technical Bases
Links and implications to and for broader strategies: Financial Management, Taxation, Asset Management, Governance and accountability
The Standards
Financial reporting
Satisfying donor & stakeholder requirements
Implications for Internal and External Audit
Impact on financial processes and systems
Implementation
How to formulate a documented action plan
How to manage substantial financial resources
How to develop skills to aid implementation, capacity development, benefits realisation and risk management plans
How to provide wider training and how to contribute to the strategic consequences of IPSAS
How to implement
How to reduce risk of qualified accounts
Rantsane Mario Training Academy provides skills development and training to prepare the youth for work and workshops for the formal working class. We give you a chance to improve our skills and your work environment.
This program provides the learner with the skills require for a Business And Account Management by completing the required modules, the learner can offer a wide range of invaluable skills to business and set them on the path to further job opportunities.
Complete a full set of accounts for a financial year; support management in finance and accounting; become a SAIT tax practitioner (once you meet their requirements); know the ins and outs of accounting, taxation (individuals and companies), auditing and business law.
This level covers a range of basic accounting practices and techniques, from costing and double-entry bookkeeping to computerised accounting.
This couse will cover topics such as Integrated Budgeting Forecasting and business planning Masterclass & Budgeting and cost control.
The least expensive form of financing of a business is the Creditors of the business. The reason for this is the fact that most creditors don’t charge interest on the outstanding amount of their customers’ accounts.
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