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Accelerating self-sufficiency & prosperity

Training course

Best Practice Financial Management and Reporting on IPSAS and IFRS® Standards – ACCA Certificate /

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This course content is aligned to the ACCA Cert IRF syllabus and ACCA Cert IPSAS syllabus. It includes integrated preparation for either the ACCA Cert IRF certificate or Cert IPSAS certificate exam, which may be taken at the end of week two.

IPSAS and IFRS standards are designed to assist organisations to improve their financial reporting, financial management, transparency and accountability, introducing a common accrual-based approach that should enhance financial accountability and corporate governance.

Delegates will learn how to achieve improvements in financial management and reporting while moving to full compliance with the standards. It assists delegates to analyse the impacts on their organisations and to plan the journey towards compliance, using case studies to illustrate the practical application of the Standards.

Course Objectives

On completion, you will be able to:

  • Key principles and the application of the Standards in both the public and private sectors
  • Financial reporting under the IFRS and IPSAS regimes including: the core statements; the style of annual reporting; the consequences for governments, organisations etc.
  • Changed approaches and improving financial management under the Standards
  • Using the systems to improve financial monitoring and control in an accruals environment
  • Systems’ requirements for successful implementation

Key Topics

  • How core concepts such as accruals, capital and revenue spending depreciation and financial instruments should be reported on
  • The requirements of specific areas such as oil and gas, taxation and land (adapted to match delegates’ business areas)
  • How actions will affect reported financial performance and how financial management should be amended to deal with these

ABOUT THE ACCA CERTIFICATE:
This is blended course and includes either ACCA Certificate in International Public Sector Accounting Standards (Cert IPSAS) or ACCA Certificate in International Financial Reporting (Cert IFR). Delegates will elect to take either the Cert IPSAS or Cert IFR course. This programme includes access to the official ACCA online course and assessment exam, which is available for 6 months from course registration. Certification is subject to passing the ACCA assessment which is a one-hour multiple-choice exam.

In order to ensure the highest learning standards for delegates, Crown Agents delivers training courses using excerpts from the official IFRS Standards under licence from the IFRS Foundation.

All courses will be conducted entirely in English. A proficient level of both spoken and written English is required by all delegates so that they are able to fully benefit from the course and participate in our interactive style of training.

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