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IPSAS Hot Topics and Technical Update

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					Course 3281
International Public Sector Accounting Standards (IPSAS) - Hot
Topics and Technical Update (2 days)
Course Summary

This two-day course brings delegates up-to-date with recent and likely future developments of the International
Public Sector Accounting Standards (IPSAS). Topics to be covered are finalized in the run-up to the course in
order to be as current as possible. Using examples and case studies for illustration, this program concisely
covers the latest and pending changes to the IPSAS as well as critical factors involved in the implementation of
IPSAS.

Topics include: IPSAS issuances during the last 12-15 months Improvements /Amendments to IPSAS Exposure
Drafts 2010 Current Discussion Papers Update on other projects Current Projects Updates on IPSAS cash
basis/transition to accrual Hot topics


Introduction

This two-day course brings delegates up-to-date with the latest pronouncements from the International Public
Sector Accounting Standards Board (IPSASB), which focuses on the accounting and financial reporting needs of
national, regional and local governments, related governmental agencies, and the constituencies they serve. This
program provides experienced International Public Sector Accounting Standards (IPSAS) practitioners with
information focused on the recent and upcoming changes to IPSAS. This update course also serves as a
supplement to our Courses 3200 and 3250: Overview of International Public Sector Accounting Standards IPSAS
Accrual Basis (3-day course) and Overview of International Public Sector Accounting Standards IPSAS Cash
Basis (2-day course), which provide a comprehensive overview of the most important requirements for
understanding and applying IPSAS.

This program gives delegates an update on recent and future developments of the IPSAS, including exposure
drafts and invitational papers for comment. This two-day, highly interactive course also covers the
frequently-asked questions of implementing IPSAS (hot topics).

Application issues and the experiences of entities that are implementing IPSAS in the public sector are
discussed. Course participants are encouraged to raise questions and interact with other delegates, therefore
learning from the practical experiences of applying IPSAS.

This program answers questions such as:

o What are the recent changes in IPSAS?
o What are the likely future changes in IPSAS?
o When will new requirements be effective?
o What are the application and transition rules relating to new pronouncements?
o How are the IPSAS implemented and what are the most frequent application issues encountered?


Prerequisites



Course 3281: International Public Sector Accounting Standards (IPSAS) - Hot Topics and Technical Update (2 days)
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Knowledge of IPSAS (see Course 3200: International Public Sector Accounting Standards IPSAS Accrual Basis
and Course 3250 International Public Sector Accounting Standards IPSAS Cash Basis)
Practical experience in public sector accounting.
No advance preparation is required for this course.


Course Level

Update


Topics

o Recent IPSAS Issuances
   o IPSAS 27, “Agriculture”
   o IPSAS 28 “Financial Instruments: Presentation”
   o IPSAS 29 “Financial Instruments: Recognition and Measurement”
   o IPSAS 30, “Financial Instruments: Disclosures”
   o IPSAS 31 “Intangible Assets”
o 2009 Improvements/Amendments to IPSAS
   o IPSAS 1, “Presentation of Financial Statements”,
   o IPSAS 2, “Cash Flow Statements”,
   o IPSAS 3, “Accounting Policies, Changes in Accounting Estimates and Errors”;
   o IPSAS 7, “Investments in Associates”; IPSAS 8, “Interests in Joint Ventures”;
   o IPSAS 10, “Financial Reporting in Hyperinflationary Economies”
   o IPSAS 14, “Events after the Reporting Date”;
   o IPSAS 16, “Investment Property”;
   o IPSAS 17, “Property, Plant and Equipment”;
   o IPSAS 25, “Employee Benefits"
   o IPSAS 26, “Impairment of Cash-Generating Assets.”
o Exposure Drafts
   o ED 43 “Service Concession Arrangements: Grantor”
   o ED 44 ”2010 Improvements to IPSAS”
o Current Discussion/Consultation Papers
o Update on Other Projects
   o Entity combinations, latest developments in progressing ED 41 / IPSAS 32, Entity Combinations:
Acquisitions
   o IFRS convergence project
   o IPSASBoard ’s work program
   o Public Sector Conceptual Framework
o Current Projects
   o Fiscal Sustainability
   o Heritage Assets
o Updates on IPSAS review of Cash Basis of Accounting
o Hot topics
   o Transition from Cash to Accrual Basis
   o Scope of IPSAS and the statistical basis of financial reporting
   o Development of asset management policies
   o Reconciliation of cash basis budget vs accrual basis accounting

Course 3281: International Public Sector Accounting Standards (IPSAS) - Hot Topics and Technical Update (2 days)
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Course Benefits

o Understand new IPSAS requirements, including accounting policies and disclosures
o Plan ahead for issues that arise when implementing future developments and anticipated IPSAS
o Apply recent and revised IPSAS
o Increase planning opportunities through awareness of likely future IPSAS changes
o Learn the sources of IPSAS guidance that are available
o Interact with delegates who are involved in implementing IPSAS
o Increase awareness of issues involved in the implementation of IPSAS and how to deal with them


Teaching Method

o Live group instruction with interactive participation encouraged
o Explanation and discussion of current and upcoming accounting issues
o Presentation of examples and case studies for illustration
o Discussion of practical experiences and real-world applications
o All participants receive a comprehensive binder containing copies of the presentation slides, handouts and
other course materials


Continuing Professional Education (CPE)

16 hours


Venue

All of our Geneva seminars take place in 4 star professional conference facilities, usually in city-centre downtown
hotels like the Marriott, Sheraton or Hilton brands.

Detailed Joining Instructions are sent to all registered delegates by email approximately one month before the
event. The Joining Instructions will confirm exact venue details and nearby (or onsite) hotel recommendations
with bedroom rates where available.

Coffee and lunch will be provided.


Related courses

o 1082: IFRS Technical Update (2 days)
o 1691: International Accounting for Not-for-Profit Entities (3 days)
o 1750: Introduction to IFRS for the Public Sector (3 days)
o 3100: IFRS versus IPSAS (2 days)
o 3200: International Public Sector Accounting Standards (IPSAS) - Accrual Basis (3 days)
o 3250: International Public Sector Accounting Standards (IPSAS) - Cash Basis (2 days)
o 3500: International Public Sector Accounting Standards (IPSAS) - Transition and Implementation (2 days)


Booking Information


Course 3281: International Public Sector Accounting Standards (IPSAS) - Hot Topics and Technical Update (2 days)
Printed from http://www.iaseminars.com/ on 29th May 2011                                                           Page 3
Duration (days): 2.00
Location: Geneva
Price: EUR 1,700
Price: EUR 1,700
Price: EUR 1,700



Available dates

23 Jun - 24 Jun 2011
14 Jun - 15 Jun 2012
15 Nov - 16 Nov 2012



Instructor(s)


Alan Mayo [23 Jun - 24 Jun 2011 ]
Alan Mayo is a highly experienced instructor in the field of international financial reporting. He teaches seminars
around the world on subjects including International Financial Reporting Standards (IFRS) and International
Public Sector Accounting Standards (IPSAS). Alan is a UK chartered accountant with over 20 years of
experience as an auditor and consultant with PricewaterhouseCoopers in both London and Paris. He was
formerly a founding member of the PwC Client Training business in London, which delivered UK and international
GAAP courses to a wide range of multinational clients. Alan also managed a team within PwC that provided
training and change management support to the UK public sector as it transitioned from cash to accruals based
accounting, working with organizations such as the Foreign and Commonwealth Office and the Ministry of
Defence. An independent training consultant since 2001, Alan has been an associate instructor with IASeminars
since 2004. His recent public-sector consultancy work has focused on developing the financial management skills
of UK government agencies, and advising them during transition from UK to IFRS or IPSAS-based accounting
standards. Alan’s clients at IASeminars have included the United Nations, The Auditor General Of Canada, and
various governmental agencies from around the world.

Instructor TBC [14 Jun - 15 Jun 2012 ]
The instructor for this course will be drawn from one of our core faculty of subject matter experts (see examples
on http://www.iaseminars.com/html/faculty.html). Further details will be published at the earliest opportunity.

Instructor TBC [15 Nov - 16 Nov 2012 ]
The instructor for this course will be drawn from one of our core faculty of subject matter experts (see examples
on http://www.iaseminars.com/html/faculty.html). Further details will be published at the earliest opportunity.



For more information, please visit http://www.iaseminars.com/en/event/?Code=3281&VenueID=25




Course 3281: International Public Sector Accounting Standards (IPSAS) - Hot Topics and Technical Update (2 days)
Printed from http://www.iaseminars.com/ on 29th May 2011                                                           Page 4

				
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Description: This two-day course brings delegates up-to-date with recent and likely future developments of the International Public Sector Accounting Standards (IPSAS). Topics to be covered are finalized in the run-up to the course in order to be as current as possible.