International Public Sector Accounting Standards (IPSASs) Workshop: 5th - 7th June 2013

International Public Sector Accounting Standards (IPSASs) Workshop: 5th - 7th June 2013

Dates:

Wed 05.06 - Fri 07.06.2013     

Times:

08:30

Place:

Sarova Panafric Hotel, Nairobi

Contact person:

Training and Development   

Booking & Reservation:

Bookings are ongoing. Click here to book online now!

Telephone:

+254 721469169/727531006/7338562

Category:

Standards & Auditing

Additional Information

The strides made by various government arms towards accrual based accounting are worth noting. Entities that elect to adopt International Public Sector Accounting Standards (IPSASs) accrual basis of accounting face a number of challenges. While the technical challenge of applying all relevant IPSASs should not be underestimated, making the right choices over accounting policies to select and ensuring systems and processes are adequate and managing the overall transition process need focus as well.

In general, entities that change accounting policies to comply with IPSASs do this retrospectivey; however, to ease this transitional process the IPSASs Board (IPSASB) allows the use of transitional provisions in certain Standards. Where transitional provisions exist, they may allow an entity additional time to meet the full requirements of a specific accrual based or provide relief from certain requirements when initially applying IPSASs.

By use of real-world examples and case studies, this workshop will provide a comprehensive look at the complex issues, whether transitioning from the Cash Basis IPSASs or from other local accounting frameworks. Coverage includes the transitional provisions in IPSASs and guidance on setting up the conversion project, with application demonstrated via practical case studies and examples.

Strategies and guidance for establishing IPSASs accounting policies will also form part of the workshop discussions.

Key areas to be covered include:

• Transition requirements of each IPSAS and what are the implications of the available choices
• Available policy options and their short-term and long-term consequences
• Costs and benefits of various courses of action be determined
• Systems require modification in order to implement accrual based IPSAS
• Common pitfalls that occur during transition to accrual based IPSAS and how can they be avoided

Delegates will benefit from specific reference to local case studies including Financial Management Regulations, Public Finance Management, Treasurer Manual, Budget Guidelines and Procedures amongst other case scenarios.

The workshop will be held on 5^th - 7^th June 2013 at the Sarova Panafric Hotel, Nairobi from 8.30 a.m. to 5.00 p.m. Charges are Kshs.16, 450 and Kshs.28, 950 for ICPAK members and non members respectively. 20 CPD Hours will be awarded.