NEVADA | PROFESSIONAL EXPERIENCE

Program Professional Framework

ACCA Certificate in International Public Sector Accounting Standards (CertIPSAS)

Program Overview

Governments and public bodies are moving from cash-based reporting to accrual accounting under International Public Sector Accounting Standards issued by the IPSASB. This programme explains the IPSAS framework and its key standards in practical terms: presentation of financial statements under IPSAS 1, cash flow statements under IPSAS 2, property, plant and equipment, revenue from exchange and non-exchange transactions such as taxes and transfers, provisions, budget reporting under IPSAS 24 and first-time adoption under IPSAS 33. It also covers the cash-basis IPSAS, consolidation of controlled entities and the practical challenges Gulf ministries and authorities face during accrual reform projects.

Learning Outcomes

✓Explain the IPSAS conceptual framework and the differences between cash-basis and accrual reporting.
✓Prepare a statement of financial position, financial performance and cash flows for a public entity in IPSAS format.
✓Account for non-exchange revenue such as taxes, grants and transfers under the applicable IPSAS requirements.
✓Recognise and measure public infrastructure and other property, plant and equipment, including depreciation and impairment.
✓Present budget-to-actual comparisons in line with IPSAS 24.
✓Plan the key steps and transitional reliefs for first-time adoption of accrual IPSAS.

Target Audience

Accountants and financial controllers in ministries and government authorities
Finance staff in public corporations and municipalities
Internal auditors and state audit staff
Accrual reform and financial systems project team members

Detailed Program Modules

01IPSAS Framework and Public Sector Reporting

Role of the IPSASB and standard setting
Conceptual framework for public sector entities
Cash-basis versus accrual-basis IPSAS

02Financial Statement Presentation

Components of financial statements under IPSAS 1
Cash flow statement under IPSAS 2
Accounting policies, estimates and errors

03Revenue and Expenses

Exchange and non-exchange revenue
Taxes, grants and transfers
Recognition of employee benefits and expenses

04Assets and Liabilities

Property, plant and equipment and infrastructure
Impairment of public sector assets
Provisions and contingent liabilities

05Budget Reporting and Entity Scope

Budget information under IPSAS 24
Controlled entities and consolidation
Related party disclosures

06Transition to Accrual IPSAS

First-time adoption under IPSAS 33
Asset registers and opening balances
Accrual reform roadmap and systems

Training Methodology

Interactive expert-led sessions grounded in workplace examples

Case studies and practical exercises drawn from the region

Group workshops with peer review of decisions and deliverables

Formative feedback against clear performance criteria

Applied Project & Assessment

Applied Project

Participants convert a simplified cash-basis report of a Gulf government entity into a set of accrual IPSAS financial statements, including an opening balance sheet, revenue classification, infrastructure asset recognition and a budget-to-actual statement, with a list of transition issues.

Assessment

Short diagnostic at the start, practical tasks linked to each learning outcome, and evaluation of the applied project against published criteria.

University Certificate & International Accreditation

Professional Certificate accredited by City University Malaysia in ACCA Certificate in International Public Sector Accounting Standards (CertIPSAS)

International accreditation: International Auditors Group (IAG)