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IPSAS Financial Reporting & Transition Training Course is a comprehensive and practical professional programme designed to equip public sector accountants, finance managers, auditors, budget officers, treasury officials, financial controllers, public financial management specialists, and government executives with the technical knowledge and practical skills required to implement accrual-based International Public Sector Accounting Standards (IPSAS) and strengthen public sector financial reporting. The programme focuses on the transition from cash-basis accounting to accrual accounting, IPSAS financial reporting requirements, opening balances, recognition and measurement of public sector assets and liabilities, financial statement preparation, accounting policies, disclosures, and transition project management. Participants will gain practical competencies to support successful IPSAS adoption and improve transparency, accountability, comparability, and reliability of public sector financial information.
The course provides detailed coverage of IPSAS financial reporting frameworks, the IPSAS Conceptual Framework, presentation of financial statements, cash-flow reporting, accounting policies and estimates, property, plant and equipment, infrastructure assets, inventories, intangible assets, impairment, provisions, employee benefits, leases, financial instruments, revenue, non-exchange transactions, grants, transfers, and consolidation. Particular emphasis is placed on identifying differences between existing government accounting practices and accrual IPSAS requirements, assessing accounting records and systems, developing an appropriate chart of accounts, establishing asset and liability registers, and preparing reliable opening balances. Participants will learn how transition decisions affect financial statements, budgeting, fiscal management, internal controls, audit processes, and institutional governance.
A major component of the programme is the practical management of IPSAS transition projects. Participants will learn how to conduct IPSAS readiness assessments, develop accounting policies and manuals, establish transition teams, map existing transactions to IPSAS requirements, identify and value public sector assets and liabilities, reconcile accounting records, develop opening statements of financial position, and prepare transition disclosures. The training also addresses data migration, financial management information systems, ERP implementation, staff capacity building, change management, internal controls, audit readiness, quality assurance, and stakeholder engagement. General case studies will enable participants to work through realistic public sector transition scenarios and develop practical solutions to common implementation challenges.
By the end of the training, participants will be able to assess organizational readiness for accrual IPSAS, develop transition roadmaps, prepare IPSAS-compliant financial statements, establish opening balances, improve public sector accounting systems, and strengthen financial reporting controls. The programme is suitable for national and county governments, ministries, departments, agencies, municipalities, state corporations, public universities, hospitals, regulatory authorities, development agencies, and other public sector entities transitioning to or strengthening accrual-based IPSAS reporting. The training can be customized to reflect the participant organization's existing accounting framework, public financial management system, legal environment, chart of accounts, ERP platform, reporting cycle, and transition timetable.
1. Understand the IPSAS Conceptual Framework and fundamental principles of accrual-based public sector financial reporting.
2. Identify key differences between cash-basis accounting and accrual IPSAS financial reporting.
3. Assess organizational readiness, accounting gaps, systems requirements, and institutional capacity for IPSAS transition.
4. Apply IPSAS recognition, measurement, presentation, and disclosure requirements to public sector transactions.
5. Develop reliable opening balances and an opening statement of financial position for IPSAS transition.
6. Identify, recognize, classify, measure, and document public sector assets, liabilities, revenue, expenses, and other financial information.
7. Develop IPSAS accounting policies, procedures, manuals, chart of accounts, and financial reporting templates.
8. Strengthen IPSAS transition project management, data management, internal controls, systems integration, and audit readiness.
9. Prepare and interpret IPSAS-compliant financial statements and transition-related disclosures.
10. Develop a practical and sustainable IPSAS financial reporting and transition roadmap for a public sector organization.
1. Strengthens organizational preparedness for transition to accrual-based IPSAS financial reporting.
2. Improves the quality, accuracy, transparency, and reliability of public sector financial statements.
3. Supports effective identification, recognition, valuation, and management of public assets and liabilities.
4. Strengthens public financial management, accountability, fiscal transparency, and resource stewardship.
5. Improves accounting systems, chart of accounts, financial databases, asset registers, and reporting processes.
6. Reduces risks associated with incomplete records, inaccurate opening balances, and transition-related accounting errors.
7. Enhances internal controls, audit trails, reconciliation processes, and financial governance.
8. Improves audit readiness and supports smoother engagement with internal and external auditors.
9. Strengthens financial information available for budgeting, planning, fiscal analysis, and management decision-making.
10. Builds sustainable institutional capacity for IPSAS implementation, financial reporting, compliance, and continuous improvement.
The course is designed for Chief Financial Officers (CFOs), Finance Directors, Financial Controllers, Chief Accountants, Senior Accountants, Public Sector Accountants, Government Finance Officers, Treasury Officers, Budget Officers, Public Financial Management Specialists, Internal Auditors, External Auditors, Audit Managers, Accounting Policy Specialists, Financial Reporting Managers, ERP and Financial Systems Specialists, Asset Management Officers, Revenue Officers, Procurement and Finance Professionals, County and Municipal Finance Officers, Ministry and Department finance teams, State Corporation finance professionals, development project accountants, compliance officers, and senior public sector managers responsible for IPSAS implementation, transition, accounting, budgeting, financial reporting, and public financial management.
1. Introduction to IPSAS, accrual accounting, public sector financial reporting objectives, and the IPSAS Conceptual Framework.
2. Cash-basis accounting versus accrual-basis IPSAS and the financial reporting implications of transition.
3. IPSAS recognition, measurement, presentation, disclosure, qualitative characteristics, and reporting entity considerations.
4. Assessing the current accounting framework, identifying IPSAS gaps, and establishing transition priorities.
5. IPSAS transition principles, transitional provisions, accounting policy decisions, exemptions, and implementation documentation.
6. General Case Study: Conducting an IPSAS readiness assessment for a government institution currently using cash-basis accounting and developing a transition action plan.
1. Developing an IPSAS transition strategy, project governance, implementation teams, responsibilities, milestones, and reporting structures.
2. Conducting accounting records assessment, transaction mapping, data cleansing, reconciliation, and financial information gap analysis.
3. Identification and recognition of opening assets, liabilities, net assets, revenue, expenses, and other balances.
4. Developing the opening statement of financial position and determining appropriate measurement bases for opening balances.
5. Establishing asset registers, liabilities registers, supporting documentation, valuation procedures, and audit trails.
6. General Case Study: Preparing an opening statement of financial position for a public institution transitioning from cash accounting to accrual-based IPSAS.
1. Property, plant and equipment, infrastructure assets, recognition, measurement, depreciation, revaluation, impairment, and disposal.
2. Intangible assets, inventories, heritage assets, biological assets, and other public sector resources.
3. Recognition and measurement of provisions, contingent liabilities, employee benefits, borrowing obligations, and other liabilities.
4. Accounting for leases, financial instruments, foreign currency transactions, borrowing costs, and financing arrangements.
5. Revenue from exchange and non-exchange transactions, taxes, grants, transfers, donations, and government contributions.
6. General Case Study: Identifying and measuring previously unrecognized government assets and liabilities and determining their impact on opening IPSAS balances.
1. Preparation and presentation of IPSAS-compliant financial statements and supporting notes.
2. Statement of financial position, statement of financial performance, statement of changes in net assets or equity, and cash-flow statement.
3. Accounting policies, changes in accounting estimates, correction of errors, prior-period adjustments, and reporting consistency.
4. Budget information, budget-to-actual comparison, reconciliation, and integration of budgetary and financial reporting.
5. IPSAS disclosures, accounting judgments, estimates, significant assumptions, related-party information, and transition disclosures.
6. General Case Study: Preparing a complete IPSAS financial reporting package using opening balances, accounting adjustments, budget information, and supporting disclosure schedules.
1. Designing IPSAS accounting policies, procedures, accounting manuals, chart of accounts, and financial reporting workflows.
2. Integrating IPSAS requirements into government financial management information systems, ERP platforms, databases, and reporting applications.
3. Data migration, data quality, transaction classification, automated controls, reconciliations, and financial information validation.
4. Internal controls over revenue, expenditure, assets, liabilities, payroll, procurement, cash management, and financial reporting.
5. Change management, staff capacity building, stakeholder engagement, communication, training, and institutional readiness.
6. General Case Study: Designing an IPSAS-enabled financial management system and internal control framework for a government department implementing accrual accounting.
1. Developing the final IPSAS transition roadmap, implementation timetable, quality assurance framework, and transition completion criteria.
2. IPSAS financial reporting testing, parallel reporting, reconciliation, financial statement review, and corrective action.
3. Audit readiness, supporting evidence, audit trails, opening balance verification, internal audit, and external audit coordination.
4. Monitoring IPSAS compliance, reporting quality, financial controls, asset management, liabilities management, and post-transition performance.
5. Continuous improvement, institutional sustainability, policy updates, staff development, and long-term IPSAS financial reporting governance.
6. General Case Study: Developing an end-to-end IPSAS transition completion and sustainability framework for a public sector organization preparing its first fully accrual-based IPSAS 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.