Course Code: FB3
Category: Finance and Budgeting
Dates, Venues & Fees:
Jan 18-Jan 29| Dubai|$5,950.00
Apr 19-Apr 30| London| $ 6,700.00
Oct 18-Oct 29| London| $6,700.00
Duration: Two Weeks
Course Overview
This ten-day course provides a comprehensive review of the requirements for preparing financial statements and disclosures under IPSAS and IFRS. Delegates will fully explore latest improvements in financial management and reporting using the standards of IPSAS and IFRS. The requirements of IPSAS and IFRS will be explained in clear, simple language and illustrated with model financial statements and real-world examples. Application of the various standards is illustrated through the use of short case studies.
Target Audience
- Managers and staff of public and private sector finance teams embarking on IPSAS or IFRS transition projects
- Executives of private organizations and Government officials responsible for IPSAS or IFRS implementation projects
- Finance managers and staff who are migrating from the private to public sector and vice versa
- Financial consultants supporting IPSAS or IFRS implementations
- Internal and external auditors of public and private organizations
Course Outcomes
Delegates will gain knowledge and skills to:
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- Learn how to prepare IPSAS and IFRS compliant financial statements
- Comply with IPSAS and IFRS disclosure requirements, including accounting policies
- Understand accrual-based IPSAS/IFRS requirements, including accounting policies and disclosures
- Implement IPSAS/IFRS recognition and measurement rules for assets, liabilities, revenues and expenses
- Plan ahead for issues that arise when transitioning from the cash basis to the accrual basis of accounting
- Identify optional and mandatory transitional provisions for first-time adopters of IPSAS/IFRS
- Increase planning opportunities through awareness of likely future IPSAS/IFRS changes
- Learn the sources of IPSAS/IFRS guidance that are available.
Key Course Highlights
- Context of IFRS and IPSAS
- Fundamental concepts of accrual accounting
- Presentation and disclosures
- Reporting on non-current assets
- Handling of the different forms of revenue on IPSAS and IFRS reporting
- Reporting on liabilities and expenses
- Financing and Financial Instruments
- Transitioning to accrual basis of accounting