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International Public Sector Accounting Standards (IPSAS) Training Course is a comprehensive and practical professional programme designed to equip public sector accountants, finance managers, auditors, budget officers, financial controllers, government officials, and other public financial management professionals with advanced knowledge and practical skills in applying International Public Sector Accounting Standards (IPSAS). The programme provides a detailed understanding of accrual-based public sector accounting, financial reporting, recognition and measurement of public sector transactions, presentation and disclosure of financial statements, and the principles required to improve transparency, accountability, comparability, and reliability in government financial reporting. Participants will develop practical capabilities to prepare, analyse, review, and interpret IPSAS-compliant financial statements within ministries, departments, agencies, local authorities, state-owned entities, public institutions, and development organizations.
The training provides comprehensive coverage of IPSAS financial reporting requirements, including the conceptual framework for general purpose financial reporting by public sector entities, presentation of financial statements, cash-flow reporting, accounting policies and estimates, inventories, property, plant and equipment, intangible assets, impairment of assets, provisions, contingent liabilities, revenue, transfers, employee benefits, leases, financial instruments, foreign exchange transactions, and consolidation. Participants will examine the differences between cash-basis and accrual-basis accounting and understand how the transition to accrual IPSAS can improve public financial management, fiscal transparency, asset management, financial accountability, and decision-making. The course is structured to address both technical accounting requirements and practical implementation challenges.
A major focus of the programme is the application of IPSAS to real-world public sector transactions and financial reporting situations. Participants will learn how to recognize and measure public sector assets and liabilities, account for non-exchange transactions such as taxes and transfers, prepare cash-flow statements, manage government property and infrastructure assets, account for employee benefits and provisions, and develop appropriate accounting policies and disclosures. Practical exercises, financial reporting examples, and general case studies will enable participants to analyse government financial statements, identify accounting errors, improve reporting processes, strengthen internal controls, and develop practical approaches to IPSAS implementation and compliance.
By the end of the training, participants will be able to apply IPSAS requirements to public sector accounting transactions, prepare and interpret IPSAS-compliant financial statements, improve public financial reporting processes, and support effective accrual accounting implementation. The programme will strengthen organizational capacity in public financial management, government accounting, fiscal reporting, budget execution, asset management, financial controls, audit readiness, and accountability. The course can be customized for national governments, county and municipal governments, ministries, departments, agencies, public corporations, universities, hospitals, development agencies, NGOs, and other public sector institutions implementing or strengthening IPSAS-based financial reporting.
1. Understand the IPSAS conceptual framework, principles, objectives, scope, and structure of public sector financial reporting.
2. Distinguish between cash-basis and accrual-basis accounting and understand the benefits of accrual IPSAS implementation.
3. Apply IPSAS recognition, measurement, presentation, and disclosure requirements to public sector transactions.
4. Prepare, analyse, and interpret IPSAS-compliant financial statements and supporting disclosures.
5. Account for public sector assets, liabilities, revenue, expenses, transfers, provisions, employee benefits, and other transactions.
6. Apply IPSAS requirements for non-exchange transactions, including taxes, grants, transfers, and social benefits.
7. Strengthen accounting for government property, plant and equipment, infrastructure assets, intangible assets, inventories, and impairment.
8. Apply IPSAS requirements relating to cash flows, leases, financial instruments, foreign exchange, consolidation, and related-party transactions.
9. Strengthen internal controls, financial reporting governance, audit readiness, and IPSAS compliance within public sector institutions.
10. Develop practical IPSAS implementation, transition, reporting, and continuous improvement strategies for public sector organizations.
1. Strengthens compliance with International Public Sector Accounting Standards and applicable public financial management requirements.
2. Improves the accuracy, reliability, transparency, and comparability of government financial statements.
3. Enhances public sector accountability and stewardship of public resources.
4. Strengthens accrual accounting capacity and supports effective IPSAS implementation.
5. Improves recognition, measurement, management, and reporting of public sector assets and liabilities.
6. Enhances financial planning, budget execution, fiscal analysis, and evidence-based decision-making.
7. Strengthens internal controls and reduces risks of financial reporting errors, irregularities, and misstatements.
8. Improves audit readiness and supports more effective interaction with internal and external auditors.
9. Enhances financial reporting for government programmes, grants, transfers, infrastructure projects, and development initiatives.
10. Builds sustainable institutional capacity for public financial management, IPSAS compliance, reporting, and financial governance.
The course is designed for government accountants, public sector accountants, Chief Accountants, Finance Directors, Finance Managers, Financial Controllers, Budget Officers, Treasury Officers, Internal Auditors, External Auditors, Audit Managers, Public Financial Management Specialists, Government Finance Officers, Revenue Officers, Procurement and Finance Officers, County and Municipal Finance Officers, Ministry and Department finance teams, State Corporation finance professionals, public institution managers, development finance professionals, donor-funded project accountants, compliance officers, financial analysts, and professionals responsible for public sector accounting, budgeting, financial reporting, auditing, and public financial management.
1. Introduction to IPSAS, objectives, scope, standard-setting framework, and principles of public sector financial reporting.
2. IPSAS Conceptual Framework for General Purpose Financial Reporting by Public Sector Entities.
3. Cash-basis accounting versus accrual-basis accounting and the benefits of accrual IPSAS implementation.
4. Qualitative characteristics of useful public sector financial information, recognition, measurement, presentation, and disclosure.
5. IPSAS implementation strategy, transition arrangements, accounting policies, institutional readiness, and change management.
6. General Case Study: Assessing a government institution operating under cash accounting and developing a practical roadmap for transition to accrual-based IPSAS financial reporting.
1. Presentation of financial statements and components of IPSAS-compliant general purpose financial statements.
2. Statement of financial position, statement of financial performance, statement of changes in net assets or equity, and notes to financial statements.
3. Cash-flow statement, operating, investing, and financing activities, and public sector cash-flow analysis.
4. Accounting policies, changes in accounting estimates, errors, prior-period adjustments, and financial reporting consistency.
5. Budget information in financial statements, budget-to-actual comparisons, and reconciliation of budget and accounting information.
6. General Case Study: Preparing a complete set of IPSAS-compliant financial statements for a public institution using trial balance, budget information, and supporting financial records.
1. Revenue from exchange transactions and non-exchange transactions under IPSAS requirements.
2. Accounting for taxes, grants, transfers, government contributions, donations, and other non-exchange revenue.
3. Inventories, recognition, measurement, valuation, impairment, and disclosure of public sector inventories.
4. Property, plant and equipment, infrastructure assets, depreciation, revaluation, disposal, and asset management.
5. Intangible assets, impairment of non-cash-generating assets, heritage assets, and public sector resource management.
6. General Case Study: Accounting for government grants, tax revenue, infrastructure assets, inventory, and intangible assets and determining their appropriate IPSAS treatment.
1. Recognition and measurement of provisions, contingent liabilities, contingent assets, and public sector obligations.
2. Employee benefits, short-term employee benefits, post-employment benefits, termination benefits, and related disclosures.
3. Leases under public sector accounting, right-of-use assets, lease liabilities, and lessor accounting considerations.
4. Financial instruments, financial assets, financial liabilities, recognition, measurement, impairment, and disclosure.
5. Foreign currency transactions, exchange differences, borrowing costs, interest, and public sector financing arrangements.
6. General Case Study: Evaluating a government entity’s employee obligations, loan arrangements, leases, foreign currency transactions, and provisions and preparing appropriate IPSAS accounting entries.
1. Consolidated financial statements, control assessment, controlled entities, associates, joint arrangements, and group reporting.
2. Related-party disclosures, transactions with government entities, key management personnel, and public sector governance.
3. Accounting for public sector investments, separate financial statements, and economic entity reporting.
4. Internal financial controls, accounting procedures, segregation of duties, reconciliations, documentation, and audit trails.
5. Public sector financial governance, accountability, transparency, fiscal risk management, and financial reporting oversight.
6. General Case Study: Preparing consolidated financial information for a government department and its controlled public entities while identifying related-party transactions and strengthening financial controls.
1. Developing an IPSAS implementation roadmap covering governance, policies, systems, human resources, training, and reporting requirements.
2. IPSAS financial reporting systems, chart of accounts, accounting manuals, ERP systems, data management, and reporting workflows.
3. IPSAS compliance assessment, financial statement review, accounting quality assurance, audit preparation, and corrective action.
4. Strengthening public sector asset registers, liabilities registers, revenue records, financial controls, reconciliations, and supporting documentation.
5. IPSAS audit readiness, financial accountability, public expenditure management, performance reporting, and continuous improvement.
6. General Case Study: Developing an end-to-end IPSAS implementation and compliance framework for a government institution transitioning to accrual accounting and preparing its first IPSAS-compliant financial statements.
1. Customized Training: All our courses can be tailored to meet the specific needs of participants.
2. Language Proficiency: Participants should have a good command of the English language.
3. Comprehensive Learning: Our training includes well-structured presentations, practical exercises, web-based tutorials, and collaborative group work. Our facilitators are seasoned experts with over a decade of experience.
4. Certification: Upon successful completion of training, participants will receive a certificate from Foscore Development Center (FDC-K).
5. Training Locations: Training sessions are conducted at Foscore Development Center (FDC-K) centers. We also offer options for in-house and online training, customized to the client's schedule.
6. Flexible Duration: Course durations are adaptable, and content can be adjusted to fit the required number of days.
7. Onsite Training Inclusions: The course fee for onsite training covers facilitation, training materials, two coffee breaks, a buffet lunch, and a Certificate of Successful Completion. Participants are responsible for their travel expenses, airport transfers, visa applications, dinners, health/accident insurance, and personal expenses.
8. Additional Services: Accommodation, pickup services, flight booking, and visa processing arrangements are available upon request at discounted rates.
9. Equipment: Tablets and laptops can be provided to participants at an additional cost.
10. Post-Training Support: We offer one year of free consultation and coaching after the course.
11. Group Discounts: Register as a group of more than two and enjoy a discount ranging from 10% to 50%.
12. Payment Terms: Payment should be made before the commencement of the training or as mutually agreed upon, to the Foscore Development Center account. This ensures better preparation for your training.
13. Contact Us: For any inquiries, please reach out to us at training@fdc-k.org or call us at +254712260031.
14. Website: Visit our website at www.fdc-k.org for more information.