A government report that looks balanced on paper can still hide a deteriorating financial position – simply because cash-basis figures don't capture obligations that have already been incurred. International Public Sector Accounting Standards (IPSAS) exist to close exactly this gap, giving citizens, auditors and investors a reporting framework they can actually rely on.

As public financial management continues to evolve, IPSAS has become one of the most widely recognised frameworks for ensuring that government financial information is accurate, comparable and trustworthy – a foundation for sound decision-making and stronger institutional credibility.

This training course from the Arab British Fellowship Training Academy takes participants from the conceptual foundations of IPSAS through to the practical mechanics of preparing compliant financial statements, equipping them to align government reporting with international best practice and serve the quality of public financial performance.

Who Should Attend?

• Financial and auditing staff, accountants and auditors working across public-sector and government institutions.
• Financial managers and certified accountants in government and semi-government agencies.
• Financial reporting professionals responsible for preparing compliant statements.
• Financial consultants supporting government agencies and international organisations.

Knowledge and Benefits:

After completing the program, participants will be able to master the following:

• Build familiarity with the conceptual framework and international standards applied in the public sector.
• Understand the differences between national standards and IPSAS, and how to align the two.
• Apply the standards practically when preparing financial statements, using both accrual and cash-basis methodologies.
• Strengthen institutions' ability to make financial decisions based on reliable, accurate information.

Why IPSAS Matters for Public Trust

• The role of accounting in improving governmental efficiency.
• The link between financial transparency and state accountability.
• Challenges faced by traditional accounting systems.

Where IPSAS Came From and Where It's Headed

• The background that led to the development of IPSAS.
• Organisations supporting the global adoption of IPSAS.
• The timeline of adopting the standards in government sectors.

The Conceptual Framework Behind the Standards

• Objectives of financial reporting in the public sector.
• Characteristics of useful financial information.
• Limitations in preparing reports in the governmental environment.

Cash vs Accrual: Understanding the Fundamental Difference

• The fundamental differences between the two approaches.
• Advantages and disadvantages of each system.
• Practical applications in the public sector.

Managing the Transition and Its Impact on Reporting

• Institutional and organisational barriers to change.
• Effective transition strategies and the role of financial planning.
• How the shift changes reported data, cash-flow forecasting accuracy and decision quality.

Recognising and Measuring Accounting Elements

• General conditions for recognising assets and liabilities, and the timing of revenue and expense recognition.
• Fair value versus historical cost, and when to use each measurement model.
• Special recognition cases and applications for non-current assets.

Public Sector-Specific Measurement Considerations

• Supporting government assets with public services.
• Valuation challenges in the absence of an active market.
• The impact of grants and donations on measurement.

What Belongs in a Government Financial Report

• Statement of financial position, statement of financial performance, and notes and supplementary disclosures.
• Comparability with previous periods and consistency in presentation and classification.
• Clarity and interpretation of financial information.

Disclosure Requirements Under IPSAS

• Disclosure of accounting policies.
• Disclosure of errors and changes.
• Disclosure of subsequent events.

Accounting for Physical and Intangible Assets

• Recognition criteria, measurement, impairment and depreciation for property, plant and equipment (IPSAS 17).
• Defining intangible assets, treating development costs, and special cases like concessions (IPSAS 31).
• The nature of heritage and infrastructure assets and the challenges of disclosing them.

Liabilities and Revenue Recognition

• Recognising contingent liabilities and the accounting treatment of guarantees (IPSAS 19).
• Conditions for recognising exchange revenue and its accounting treatment (IPSAS 9).
• Sources of non-exchange revenue – grants, donations and tax exemptions – and recognition based on eligibility (IPSAS 23).

Consolidation and Investment in Government Entities

• Defining control and consolidation requirements in government (IPSAS 35).
• Disclosing relationships and significant transactions between entities (IPSAS 20).
• Accounting for investments in public-sector entities and integrating results into consolidated statements.

Implementation Realities: Challenges and Transition Phases

• Weak technical infrastructure and a shortage of skilled accounting professionals.
• The complexity of organisational and administrative transition.
• Assessing current status, building a roadmap, and monitoring the transition process.

International Support and Technical Cooperation

• The role of international organisations such as the IMF and IFAC.
• Opportunities for funding and technical training.
• Sharing experiences and best practices among countries.