IPSAS Update - New Ipsas & Exposure Draft

Pahladsingh Accountancy And Consultancy
In Geneva (Switzerland)

$ 725 - (Rs 48,438)

Important information

  • Certificate
  • Geneva (Switzerland)
  • Duration:
    1 Day

Important information

Where and when

Starts Location
On request
To be determined, Genf, Switzerland
See map

Course programme

This program answers questions such as: What are the current and likely future requirements of the IPSAS? What are the current exposure drafts and discussion papers? What are the developments in public sector accounting in the United Nations, the United Kingdom, United States of America, South-Africa, New Zealand, Canada and Australia? How will the current IPSASs be affected by the future developments? Prerequisites Understanding of basic accounting principles based on any national standards in the public sector. Knowledge of the related course IPSAS Foundation 2 and 3 is highly recommended. No advance preparation is required for this course. Topics Service Concession Arrangements: Grantor Recognition and Measurement of a Service Concession Asset Recognition and Measurement of Liabilities Recognition and Measurement of Revenues Recognition and Measurement of Expenses Presentation and Disclosure Transitional Provisions Exposure Draft 42 - Improvement to IPSASs IPSAS 5 - Borrowing Costs IPSAS 7 - Investments in Associates IPSAS 8 - Interests in Joint Ventures IPSAS 16 - Investment Property IPSAS 17 - Property, Plant and Equipment IPSAS 25 - Employee Benefits IPSAS 26 - Impairment of Cash-Generating Assets IPSAS 3 - Accounting Policies, Changes in Estimates and Errors IPSAS 14 - Events After the Reporting Date IPSAS 16 - Investment Property Other Editorial Changes Entity Combinations from Exchange Transactions Identifying an Entity Combinations The Acquisition Method Subsequent Measurement and Accounting Disclosure Transitional Provisions Summary of Recent Pronouncements The Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities - Phase 1 Role, Authority and Scope. Objectives and Users. Qualitative Characteristics. Reporting Entity and the Group Reporting Entity Introduction to Elements and RecognitionAssets The Essential Characteristics of an Asset Substance of an Asset Asset of the Reporting Entity Asset at the Reporting Date Unique Public Sector Rights and Powers Liabilities The Essential Characteristics of a Liability Substance of a Liability Liability of the Reporting Entity Liability at the Reporting Date Unique Public Sector Obligations Financial Performance: Revenue and Expenses Approaches to Reporting Financial Performance Essential Characteristics of Revenue and Expenses Exclusion of Transactions with Residual/Equity Interests Results of Specific Activities Other Potential Elements Deferred Outflows and Deferred Inflows Net Assets/Net Liabilities Transactions with Residual/Equity Interests Recognition The Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities - Elements and Recognition in Financial Statements -Phase 2 The Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities - Measurement of Assets and Liabilities in Financial Statements -Phase 3 Historical Cost Market Values Replacement Cost The Deprival Value Model Recoverable Amount Replacement Cost Application of the Deprival Value Model to Liabilities: Relief Value Expected Future Developments Exposure drafts IPSASB projects Consultation papers Projects in Process Recent and Future developments in Public Sector Accounting in benchmark jurisdictions United Nations United Kingdom Australia New-Zealand South-Africa Canada United States of America Resources and reference material Where to find information about IPSAS Research Papers Public Sector Studies Course Benefits Understand future and current developments regarding the IPSASs. Increase planning opportunities through awareness of likely future IPSAS changes. Learn the sources of IPSAS guidance that are available. Be informed on new developments in benchmark jurisdictions regarding accruals-basis accounting. Who should attend This course is especially interesting for any professional in a Finance Position in the Public Sector who needs up-to-date information about current and future developments. This will typically be professionals dedicated to developing accounting policies and who need to have a proper insight in upcoming developments and the impact on the current standards.