Certificate in International Public Sector Accounting Standards

IPSAS® have been developed to enhance the quality, consistency and transparency of public sector financial reporting worldwide. Issued by the International Public Sector Accounting Standards Board, IPSAS are cash and accruals-based standards used for the preparation of general purpose financial statements by governments and other public sector entities around the world. They are increasingly being adopted across the Middle East with many ministries transitioning to IPSAS.

An overview of the work of the Board (IPSASB), including its organisation, the characteristics of public sector entities, the relationship between IPSAS® and the corresponding International Accounting Standards (IAS) / International Financial Reporting Standards (IFRS®), the purpose of financial statements and any on-going projects.

Financial statement presentation and accounting policy

Develops an overview of:

• Financial statements (IPSAS 1)
• Cash flow statements (IPSAS 2)
• Accounting policies, changes in accounting estimates, and errors (IPSAS 3)
• Segment reporting (IPSAS 18)
• Disclosure standards and other topics, presentation of budget information (IPSAS 24)

 

Financial performance

Provides an understanding of:

• Non-exchange revenue (IPSAS 23)
• Exchange revenue (IPSAS 9)
• Construction contracts (IPSAS 11)

 

Accounting for assets and liabilities

Delivers teaching around a wide range of topics including:

• Property plant and equipment (IPSAS 17)
• Intangible assets (IPSAS 31)
• Investment property (IPSAS 16)
• Impairment of cash generating assets (IPSAS 26)
• Impairment of non-cash generating assets (IPSAS 21)
• Borrowing costs (IPSAS 5)
• Inventories (IPSAS 12)
• Leases (IPSAS 13)
• Financial instruments (IPSAS 28, 29, 30)
• Provisions
• Contingent liabilities and contingent assets (IPSAS 19)
• Events after the reporting date (IPSAS 14)
• Employee benefits (IPSAS 39)
• Agriculture (IPSAS 27)
• Concessions
• Foreign operations and hyperinflationary economies (IPSAS 4, 10)
• Service concessions (IPSAS 32)
• Translation of financial statements of foreign operations (IPSAS 4)
• Financial reporting in hyperinflationary economies (IPSAS 10)

 

Consolidation

Delivers training around:

• Separate Financial Statements (IPSAS 34)
• Consolidated Financial Statements (IPSAS 35)
• Investments in Associates and Joint Ventures (IPSAS 36)
• Joint Arrangements (IPSAS 37)
• Disclosure of Interests in Other Entities (IPSAS 38)
• Public Sector Combinations (IPSAS 40)

 

Disclosure standards

• Related party disclosures (IPSAS 20)
• Disclosure of financial information about the general government sector (IPSAS 22)

 

Cash basis IPSAS

Teaches students about Part 1 of the cash basis IPSAS, covering required information in:

• The statement of cash receipts
• Payments
• Disclosures
• Consolidation under the cash basis
• Presentation of budget information in the financial statements
• The additional (non-mandatory) disclosures encouraged in Part 2 of the cash basis IPSAS

 

First-time adoption of accrual-based IPSAS

Delivers training cover the following areas:

• Migrating from cash to accrual basis
• First time adoption of IPSAS (IPSAS 33)
• Change management and the adoption of IPSAS

 

Forthcoming proposals for change

• Public sector financial crisis and IPSAS
• IPSASB’s strategic direction

Course Duration: 30 hours

High School/Secondary School graduates with good reading, writing, and speaking skills in the English language

• AED 2000
• Fees are subject to 5% VAT in line with Federal Decree-Law No. 8 of 2017

• 2 Passport size photographs
• Passport/Visa Copy
• Fee as specified in Fee Policy

For course cancelled by Institution:

• 100% refund of course fee

For course cancelled by student:

• 25% refund of module fee before the commencement of course.
• No refund of course fee after the commencement of course

• Course and exam dates are subject to change.
• Conduct of classes is subject to minimum number of students enrolled.
• Conduct of morning/evening batches is subject to minimum number of students enrolled. In case of cancellation of either of the batches, registered students would be shifted to available batch. Student should refer to fee refund policy, in case he/she is not willing to shift the batch.
• Courses offered during holy month of Ramadan would have different timings. Student should contact administration/CCL for new timings.