Cambridge
Academy
In London

Course Duration: Five Training Days

Course Language : Arabic or English

Include:

Scientific material with TAB

Workshops

Reception and farewell at the airport

Daily lunch

Coffee Break

Introduction:

International Public Sector Accounting Standards (IPSAS) are developed to enhance the quality, consistency, and transparency of public sector financial reporting worldwide. These standards were issued by the International Public Sector Accounting Standards Board (IPASB) and are accrual-based standards used by governments and other public sector bodies around the world for the purpose of preparing general-purpose financial statements. The adoption of these standards is increasing across the Middle East, with many ministries shifting to the use of International Public Sector Accounting Standards. The launch of the International Public Sector Accounting Standards (CERT IPSAS) certification in Arabic comes mainly to train participants to address the challenges of applying accrual-based IAS used by governments and other public sector bodies around the world for the purpose of preparing general-purpose financial statements.

What are the advantages of obtaining the certificate?

At a time when the public sector is witnessing rapid changes and an increase in the volume of spending, the International Public Sector Accounting Standards (IPSAS) certification, awarded by Euromatic, equips you with the right skills to deal efficiently with future challenges. It is sure to be of great benefit to you and your organisation when you have the necessary expertise in financial reporting based on International Public Sector Accounting Standards, which is essential to improving accountability and transparency in public spending. For those who work in the public sector or who wish to work in the sector, this certificate, awarded by Euromatic, will help them build stronger and more appropriate skills in terms of financial reporting. Institutions will benefit from having experts in financial reporting based on the International Public Sector Accounting Standards, which are a necessary element to improving accountability and transparency in public spending.

Program Objectives:

• Highlights of International Public Sector Accounting Standards (IPSAS) issued by the International Public Sector Accounting Standards Board (IPSASB) of the International Federation of Accountants (IFAC) and how to guide the work of financial management

• Study the basic requirements of the International Public Sector Accounting Standards based on accrual standard by standard, in the interest of financial reporting practitioners, financial auditors, and users of such

reports.

• Provide guidance on how to use IPSAS in practice.

• • Explain the difference between cash-based IPSAS and accrual-based IPSAS

• Provide an overview of the use of international public sector accounting standards around the world.

• Explain the work of the International Public Sector Accounting Standards Board and the development method followed.

• Introducing the participants to the accounting cycle and the methods of recording and posting accounting entries and inventory adjustments

• Provide participants with the skills to apply accrual accounting procedures.

• Provide participants with the skills of closing accounts and preparing final accounts and budgets.

Target Groups:

For managers, department heads, supervisors, and professionals in the fields of accounting and finance, this certificate is an important source of continuous professional development as it provides the opportunity to upgrade the level of existing capabilities while adding technical information and skills in the field of International Public Sector Accounting Standards.

Program Content:

Module One: Accounting Foundations and Rules

• Basic accounting concepts and principles

• Foundations and elements of the accounting function

• Financial accounting terminology (assets, expenses, profit, cash auditing, etc.. and others)

• Differentiate between accounting according to the cash basis and accounting according to the accrual basis.

Module Two: What are International Accounting Standards in the Government Sector?

• The concept of International Accounting Standards in the Public Sector

• Definition of International Public Sector Accounting Standards

• The importance of International Accounting Standards in the public sector

• The role and objectives of International Accounting Standards in the Public Sector

• The role of the International Accounting Standards Board in the public sector

• Objectives of the International Accounting Standards Board in the public sector

• Scope of issuance and application of international accounting standards in the public sector

• Issuance of International Public Sector Accounting Standards

• Application of International Accounting Standards in the Public Sector

Module Three: Accounting Standards in the Public Sector According to the Merit Basis

Criteria for the preparation and presentation of reports and financial statements:

• Standard No. (01) Presentation of Financial Statements

• Standard No. (02) Cash Flow Data

• Standard No. (06) Consolidated and Separate Financial Statements

• Standard No. (10) Financial Reporting in Highly Inflationary Economies

• Standard No. (14) Events after the date of preparation of the report

• Standard No. (18) Reporting on sectors

• Standard No. (24) Presentation of budget information in the financial statements

• Tangible and intangible asset standards:

• Standard No. (07) Investments in Associate Enterprises

• Standard No. (08) Shares in joint ventures

• Standard No. (11) Construction contracts

• Standard No. (12) Inventory

• Standard No. (13) Lease Contracts

• Standard No. (16) investment real estate

• Standard No. (17) Property, Plants and Equipment

• Standard No. (19) Provisions, liabilities and potential assets

• Standard No. (21) Depreciation of non-cash-generating assets

• Standard No. (26) Depreciation of cash-generating assets

• Standard No. (31) Intangible Assets

• Financial Instruments Standards:

• Standard No. (15) Financial Instruments, Disclosure and Presentation

• Standard No. (28) Financial Instruments "Offer"

• Standard No. (29) Financial Instruments "Recognition and Measurement"

• Standard No. (30) Financial Instruments "Disclosures"

• The rest of the International Public Sector Accounting Standards according to the accrual basis:

• Standard No. (03) Accounting Policies, Changes in Accounting Estimates, and Errors

• Standard No. (04) Effects of changes in exchange rates

• Standard No. (05) Borrowing costs

• Standard No. (09) Revenue from reciprocal transactions

• Standard No. (20) Disclosure of Related Parties

• Standard No. (22) Disclosure of financial information about the general government effect

• Standard No. (23) Revenue from non-exchange transactions (taxes and transfers)

•

• Standard No. (25) Employee Benefits

• Standard No. (27) Agriculture

Module Four: Preparation of accounting reconciliations according to the basis of accrual

• Principles of accrual accounting

• Determine dues and advances

• Preparing the trial balance after settlement

Module Five: Closing Accounts and Preparing Final Accounts and Financial Statements

• Set up closing restrictions for accounts

• Preparation of settlement restrictions

• Trial balance after closing restrictions.

• Preparation of financial statements and final accounts from the adjusted trial balance

Module Six: Preparation of Adjustments and Accounting Restrictions for Some Financial Operations

• Preparation of adjustments and accounting entries for salaries and wages

• Preparation of adjustments and accounting entries for the Covenant and Trusts

• Preparation of adjustments and accounting entries for advances and expenses

• Preparation of adjustments and accounting entries for revenues

• Preparation of adjustments and accounting entries for assets

• Various applications and practical cases

Module Seven: Modern Trends in the Preparation of Government Financial Budgets Using Computer

• The relationship between government budgets and government accounting

• Foundations of preparing the estimates of the general budget

• Trends in the development of government budgets in accordance with international standards

• Modern methods of preparing government budgets

• Preparing the budget of programmes and performance

• Preparation of targeted budgets

• "Zero budget preparation"

• Requirements for the application of modern methods for the preparation of the government budget

• Methods and ways of rationalisation and control of government spending