IPSAS Milestone 5 Financial InstrumentsPahladsingh Accountancy And Consultancy
In Geneva (Switzerland)
$ 1,425 - (Rs 95,187)
- Geneva (Switzerland)
This program answers questions such as: What is an equity and financial instrument in the public sector? What are financial liability and a puttable instrument in the public sector? What are the differences between disclosure and recognition under IPSASs and IFRS/IAS? How to classify financial instruments in the public sector? What are the current and future developments regarding financial instruments under IPSASs? Where can guidance on the specific IPSASs are found? What practical issues commonly arise when implementing the specific IPSASs? Prerequisites Understanding of advanced accounting principles based on any national standards in the public sector. Knowledge of the related course IPSAS Foundation 3 and 4 is highly recommended. No advance preparation is required for this course. Topics Presentation Liabilities and Net Assets/Equity Classification of Compound Instruments by the Issuer Interest, Dividends, Losses and Gains Offsetting of a Financial Asset and a Financial Liability Disclosure Disclosure of Risk Management Policies Terms, Conditions and Accounting Policies Interest Rate Risk Credit Risk Fair Value Financial Assets Carried at an Amount in Excess of Fair Value Hedges of Anticipated Future Transactions Other Disclosures Transitional Provisions IPSAS 15 Financial Instruments: Disclosure and Presentation Liabilities and Net Assets/Equity Compound Financial Instruments Treasury Shares Interest, Dividends, or Similar Distributions, Losses and Gains Offsetting a Financial Asset and a Financial Liability Transitional Provisions IPSAS 28 Financial Instruments: Presentation Embedded Derivatives Recognition and Derecognition Measurement Hedging Transitional Provisions IPSAS 29 Financial Instruments: Recognition and Measurement Classes of Financial Instruments and Level of Disclosure Significance of Financial Instruments for Financial Position and Financial Performance Nature and Extent of Risks Arising from Financial Instruments Transitional Provisions IPSAS 30 Financial Instruments: Disclosures Course Benefits Understand the IPSAS requirements, including accounting policies and disclosures regarding financial instruments. Understand how to classify compound financial instruments. Guidance on how to disclose risk management policies regarding financial instruments. Who should attend This course is especially interesting for: Any professional in a Finance Position in the Public Sector. Auditors and Accountants serving the Public Sector. Consultants serving the Public Sector. Chief Accountants. Public Sector Finance Directors. Heads of Finance in the Public Sector Finance Managers in the Public Sector. Financial Controllers in the Public Sector.