Finance is the study of how people allocate their assets over time under conditions of certainty and uncertainty.
Banking can be defined as the business activity of accepting and safeguarding money owned by other individuals and entities, and then lending out this money in order to earn a profit.
Course Title: Review of IFRS/IPSAS: Updates and Implications
Venue: Mombasa, KENYA
Learning Duration: 1 Week
Starting: 23 Apr 2018 Ending: 27 Apr 2018
Fees: 1150 USD
Payment Details: To cover tuition and training materials only.
Every year more countries are adopting the only international accounting standards for government, IPSAS (International Public Sector Accounting Standards), to increase transparency, improve decision making, and strengthen accountability. This has created a need for finance professionals in the public sector to be acquainted with IPSAS- Cash Basis as well as IPSAS accrual basis of reporting. This course provides practical review of IPSAS including the various updates;
WHO SHOULD ATTEND?
The programme is designed for Finance Managers, Accountants and Auditors engaged in public and private sector. Participants are expected to have a reasonable foundation of the core IFRS concepts and a basic working knowledge of extent of IFRS standards.
HOW PARTICIPANTS WILL BENEFIT
At the end of the course, participants will be able to:
Review IFRS and IPSAS relevancy to preparations of financial reports
Interpret various financial standards
Explain trends and future changes in financial reporting
Introduction and overview of emerging issues in public sector reporting
Review of IPSAS Cash Basis
Review of IPSAS Accrual Basis relevant for the preparation and presentation of the financial statements
Provision and process for first time adoption of the IPSAS Accrual Basis
Review of various updates standards to IPSAS and relevant exposure draft
Recent trends and future changes in public sector financial reporting