Best Practice Financial Management And Reporting For The Public Sector
May 29, 2023/ 0 comment
This Training Course Will Help Our Clients Not Only In Meeting The Challenges Of Introducing IFRS And IPSAS, But Also To Secure The Benefits Of Improved Financial Management To Help Secure Organisational Objectives And Goals Of Each Public Organisation.
Best Practices Financial Management And Reporting for the Public Sector
This SADI Ten-day Financial Management and reporting training course will cover the following:
The diminishing differences between generally accepted accounting principles (GAAP), principally established by the Financial Accounting Standards Board (FASB), and International Financial Reporting Standards (IFRS), as established by the International Accounting Standards Board (IASB), is narrowing at a faster pace. IFRS are now the world’s most widely accepted and applied accounting standards with more than 100 countries now requiring or permitting their use.
IPSAS is becoming and will become the World standard for Public Sector entities. IFRS having replaced IAS is now becoming the world standard, but in many ways was not specific enough to the needs of the Public Sector. The United Nations and World Bank coming to this realisation have favoured IPSAS which is a modified form of IFRS tailored to the Public Sector.
As a result of completing this 10-day training course, participants will improve their knowledge, understanding and analytical skills by learning:
Background to IFRS and IPSAS
Links and implications to and for broader strategies: Financial Management, Taxation, Asset Management, Governance and accountability
How to satisfy donor and stakeholder requirements
Implications for Internal and External Audit
Impact on financial processes and systems
How to formulate a documented action plan
How to manage substantial financial resources
How to develop skills to aid implementation, capacity development, benefits realisation and risk management plans
How to provide wider training and how to contribute to the strategic consequences of IFRS and IPSAS
To define and apply the transition process to IFRS or IPSAS and identifying the first-time exemption
Exceptions relating to the financial statements of a transitioning organization
Who should Attend
Accountants and Finance Staff at all levels involved in the preparation of financial statements
IFRS and IPSAS Implementation and Maintenance Teams
Internal Auditors and Consultants dealing with financial reporting
Any other professionals involved in the preparation, presentation, implementation or analysis of financial statements prepared in accordance with IFRS
MODE OF LEARNING
We offer in-person and instructor-led virtual courses. Delegates will receive copies of the course materials electronically.
Delegates attending online will receive the ZoomClass link immediately after the payments.