Across the global market place and within national fiscal strategies, the challenge of determining the effect of ever-growing regulatory requirements, including the interpretation of the impact of International Public Sector Accounting Standards (IPSAS), means ministries, departments, agencies and their private sector counterparts, need to be fully conversant and able to apply IPSA Standards to their accounting practices.
Modern Governments require a wide appreciation and deep understanding of how both the private and public sectors operate. Sound financial management requires financial reporting to be on a common platform to help with the allocation of resources in support of organisations’ strategic objectives. This applies to the management of the public sector but also applies to the regulation and supervision of the private sector and the overall management of the national economy.
This workshop demonstrates the need for efficient and effective financial management across governmental organisations: to clients, to their national executive and legislative bodies and to individual citizens and customers. This workshop will consider the main requirements of IPSAS and, by demonstrating how they affect financial reports, will provide you with an understanding of how to apply IPSAS within your organisation.
The aim of this workshop is to give you a sound knowledge of the background to the development of IPSAS. We will look at the main published IPDSAS, identifying how the key requirements are to be implemented. The workshop will also aim to give you an understanding of the implications of using resource accounting and budgeting in the public sector. Time will also be devoted to improving your skills in the technical aspects of IPSAS.