Supporting International Standards

Train the Trainer: Introduction to IPSAS

November 9, 2020

Implementation of accrual accounting in the public sector is a significant priority across many jurisdictions. Accrual accounting promotes more transparency, improves accountability and provides better information for decision-making purposes. According to the International Public Sector Financial Accountability Index, in 2018 only 25% of governments in the 150 jurisdictions included in the Index reported on an accruals basis, but this is projected to increase to 65% by 2023.

To assist governments and government entities wishing to report in accordance with the accrual based International Public Sector Accounting Standards (IPSAS), IFAC has developed Train the Trainer: Introduction to IPSAS, a package of training materials that provide an introduction to the current suite of IPSAS.

The course is aimed primarily at entities currently using a cash basis of accounting and transitioning to accrual IPSAS. The materials are designed to be used flexibly by trainers and can be tailored to the needs of training participants.

How to use the materials
Click here to access the guide to using these materials. 

A video explainer of the materials is also available by clicking here

Training materials
The course is structured over ten modules and each module is broken down into topics that are, as far as possible, stand alone, so that they can be delivered as individual sessions. Each module consists of a training manual and an accompanying set of slide decks (one slide deck per topic).

Module 1 - Introduction

Covering:

  • Advantages of Accrual Accounting
  • Introduction

Module 2 – Assets

Covering:

  • Introduction to Assets – Typical Public Sector Assets
  • Property, Plant and Equipment
  • Intangible Assets
  • Leases
  • Service Concession Arrangements
  • Inventories
  • Agriculture
  • Investment Property

Module 3 – Liabilities

Covering:

  • General Liabilities
  • Employee Benefits: Short-term, Long-term & Termination Benefits
  • Employee Benefits: Post-employment Benefits

Module 4 – Revenues

Covering:

  • Introduction to Revenues
  • Revenue from Exchange Transactions
  • Revenue from Non-exchange Transactions: Taxes
  • Revenue from Non-exchange Transactions: Transfers
  • IPSASB Proposals for Revenue

Module 5 – Expenses

Covering:

  • Social Benefits
  • Collective and Individual Services
  • IPSASB Proposals for Transfer Expenses

Module 6 – Financial Instruments

Covering:

  • Introduction
  • Core Concepts (IPSAS 29)
  • Hedging & Derivatives (IPSAS 29)
  • Disclosures (IPSAS 29)
  • Core Concepts (IPSAS 41)
  • Hedging & Derivatives (IPSAS 41)
  • Disclosures (IPSAS 41)

Module 7 – Consolidation and Public Sector Combinations

Covering:

  • Consolidation
  • Public Sector Combinations

Module 8 – Presentation

Covering:

  • Financial Statements
  • Cash Flow Statement
  • Related Party Disclosures
  • Budget Information
  • Foreign Exchange

Module 9 – First-time Adoption of Accrual Basis IPSAS

Covering:

  • First-time Adoption of Accrual Basis IPSAS
  • Practical Issues

Module 10 – Other Pronouncements

Covering:

  • Conceptual Framework
  • Recommended Practice Guidelines
  • Financial Reporting under the Cash Basis of Accounting

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