Public Procurement and Asset Disposal Regulation Course


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We are proud to offer this course in a variety of training formats to suit your needs. We use the highest quality learning facilities to make sure your experience is as comfortable as possible. Our face to face calendar allows you to choose any classroom course of your choice to be delivered at any venue of your choice - offering you the ultimate in convenience and value for money.


June 2024

Code Date Duration Location Fee Action
PPA012 17 Jun 2024 - 28 Jun 2024 10 days Nakuru, Kenya KES 166,000 | $2,200 Register
PPA012 17 Jun 2024 - 28 Jun 2024 10 days Kampala, Uganda $3,300 Register
PPA012 17 Jun 2024 - 28 Jun 2024 10 days Accra, Ghana $4,400 Register
PPA012 24 Jun 2024 - 5 Jul 2024 10 days Cape Town, South Africa $4,400 Register
PPA012 24 Jun 2024 - 5 Jul 2024 10 days Nairobi, Kenya KES 159,000 | $2,200 Register
I Want To See More Dates...

Unfortunately, we do not have any dates scheduled at this time. Do you have a date in mind when you would like to take your training?

Request Custom Schedule

Contact Us on (+254) 715 077 817 / (+254) 792 516 000 or email us [email protected].

June 2024

Date
Duration
Location
Fee
Action
17 Jun - 28 Jun 2024
10 days
Nakuru
KES 166,000 $2,200
17 Jun - 28 Jun 2024
10 days
Kampala
$3,300
17 Jun - 28 Jun 2024
10 days
Accra
$4,400
24 Jun - 5 Jul 2024
10 days
Cape Town
$4,400
24 Jun - 5 Jul 2024
10 days
Nairobi
KES 159,000 $2,200
I Want To See More Dates...

Unfortunately, we do not have any dates scheduled at this time. Do you have a date in mind when you would like to take your training?

Request Custom Schedule

Contact Us on (+254) 715 077 817 / (+254) 792 516 000 or email us [email protected].


Introduction

What is IPSAS? IPSAS is an acronym for International Public Sector Accounting Standards. They are issued by an independent body called as International Public Sector Accounting Standards Board. IPSAS are accounting standards which should be applied for a public sector entity when they prepare and present the financial statements.

Why do you need to attend this International Public Sector Accounting Standards Course? Traditionally, Governments prepare their reports under the Cash basis of accounting. They chose this method because it is remarkably simple to apply and prepare reports.

But this method has a lot of disadvantages particularly, it does not specify how many assets a Government holds and liabilities it owes and the value of these items. The alternative method of accounting is Accrual accounting. Accrual accounting is robust because it shows the true value of an organization and it is easy to measure the performance.

This IRES training course will empower you in understanding public sector accounting with special emphasis on IPSAS by providing practical and detailed knowledge of the key IPSAS and how they are interpreted and applied.

Duration

10 Days

Who Should Attend

  • All accounting professionals working in the public sector involved in the preparation of financial statements
  • IPSAS implementation and maintenance teams
  • External auditors
  • Consultants dealing with financial reporting
  • Senior budget holders
  • Policymakers

Course Level:

Course Objectives

At the end of this IRES training course, participants will learn:

  • Describe the context for Accrual Accounting in public sector entities
  • Learn the key principles of Conceptual Framework for Financial Reporting
  • Learn the standards applicable to key elements of financial statements
  • Learn the disclosure requirements for public sector entities in financial reports and notes
  • Explain the requirements of cash Basis IPSAS

Course Outline

Module 1 – Introduction to Public Sector Entities

  • Nature of Public Sector Entities
  • Difference between Public Sector and Private Sector
  • Importance of Budget
  • Public Financial Management
  • Financial Reporting in the Public Sector
  • Introduction to IFAC, IPSASB
  • Introduction to IPSAS

Module 2 – Basis of Accounting

  • Cash basis of Accounting
  • Accrual basis of Accounting
  • Modified Cash Basis
  • Modified Accrual Basis

Module 3 – Accounting for Assets

  • Property, Plant & Equipment
  • Inventory
  • Intangible Assets
  • Investment Property
  • Leases
  • Borrowing Costs
  • Agriculture
  • Impairment of Cash and Non-cash Generating Assets
  • Service Concession Arrangements

Module 4 – Accounting for Revenue Recognition

  • Revenue from Exchange Transactions
  • Revenue from Non-Exchange Transactions

Module 5 – Accounting for Liabilities

  • Provisions
  • Contingent Liabilities
  • Lease Liabilities
  • Employee Benefits

Module 6 – Financial Instruments

  • Financial Assets, Financial Liabilities & Equity
  • Recognition of Financial Instruments
  • Fair Value Measurement
  • Impairment of Financial Assets
  • Hedging and Hedge Accounting

Module 7 – Presentation of Financial Statements

  • Presentation of Financial Statements
  • Statement of Cash Flows
  • Interim Financial Reporting
  • Selection of Accounting Policies and Accounting Estimates
  • Events after the reporting period
  • Consolidated Financial Statements
  • Presentation of Budget Information in Financial Statements

Module 8 – Financial Reporting under Cash Basis

  • Cash Basis IPSAS
  • Presentation and Disclosure requirements
  • General Requirements
  • First time adoption of Accrual Basis IPSAS from Local Cash Basis Standards
  • Foreign Currency transactions and balances

Module 9-IPSAS Financial Performance

  • Understanding of
    • Non-exchange revenue (IPSAS 23)
    • Exchange revenue (IPSAS 9)
    • Construction contracts (IPSAS 11)
  • Accounting for assets and liabilities
    • 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)

Module 10– First Time Adoption of IPSAS

  • First time adoption of Cash Basis IPSAS
  • First time adoption of Accrual Basis IPSAS from Cash Basis IPSAS
  • First time adoption of Accrual Basis IPSAS from Local Cash Basis Standards
  • First time adoption of Accrual Basis IPSAS from Local Accrual Basis Standards

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Course Administration Details:

METHODOLOGY

The instructor led trainings are delivered using a blended learning approach and comprise of presentations, guided sessions of practical exercise, web-based tutorials and group work. Our facilitators are seasoned industry experts with years of experience, working as professional and trainers in these fields.

All facilitation and course materials will be offered in English. The participants should be reasonably proficient in English.

ACCREDITATION

Upon successful completion of this training, participants will be issued with an Indepth Research Institute (IRES) certificate certified by the National Industrial Training Authority (NITA).

TRAINING VENUE

The training will be held at IRES Training Centre. The course fee covers the course tuition, training materials, two break refreshments and lunch.

All participants will additionally cater for their, travel expenses, visa application, insurance, and other personal expenses.

ACCOMMODATION AND AIRPORT PICKUP

Accommodation and airport pickup are arranged upon request. For reservations contact the Training Officer.

Email:[email protected] or [email protected]

Mob: +254 715 077 817/+250789621067

TAILOR- MADE

This training can also be customized to suit the needs of your institution upon request. You can have it delivered in our IRES Training Centre or at a convenient location.

For further inquiries, please contact us on Tel: +254 715 077 817/+250789621067 or

Email [email protected] or [email protected]

PAYMENT

Payment should be transferred to IRES account through bank on or before start of the course.

Send proof of payment to [email protected] or [email protected]


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