The information acquired in this training program will help participants interpret and work with the current IPSAS suite, including recent standards and amendments effective or issued up to 2026. It will guide participants in preparing high-quality IPSAS-based financial reports for public sector entities, ensuring compliance, transparency, and alignment with international best practices.

Specifically, the course will cover:

• The major steps of an IPSAS conversion (accrual basis adoption)

• Key differences between cash basis and accrual basis IPSAS (including revised Cash Basis IPSAS)

• Interpretation and application of the full IPSAS suite (IPSAS 1 to IPSAS 51, with emphasis on recent standards)

• Preparation of financial statements in accordance with IPSAS

• Presentation of budget information and enhanced disclosures

• Understand accrual basis IPSAS requirements and the transition from cash to accrual accounting 

• Apply the revised Cash Basis IPSAS where relevant 

• Implement IPSAS recognition, measurement, presentation, and disclosure rules for assets, liabilities, revenues, expenses, transfers, and other elements 

• Comply with IPSAS financial statement requirements, including accounting policies, disclosures, presentation of budget information, and new performance measures 

• Plan and manage issues arising during transition to accrual basis IPSAS (using IPSAS 33 and recent amendments) 

• Address sector-specific public sector challenges (e.g., non-exchange revenue, service concessions, social benefits, natural resources)

• Accountants and finance professionals involved in the preparation or review of public sector financial statements 

• IFRS/IPSAS implementation teams and staff transitioning to accrual accounting 

• Internal and external auditors of public sector entities 

• Staff from Ministries, Local Authorities, Agencies, Boards, Commissions, and Grant-Assisted Entities 

• Finance personnel in Not-for-Profit Organizations and public sector entities dealing with grants or non-exchange transactions 

• Anyone responsible for recording accounting transactions, preparing IPSAS-based financial statements, or anticipating involvement with IPSAS in the future

GAFM - Global Academy of Finance and Management

The GAFM was founded in 1996 by the original founders of the Graduate Leadership Society. The Founders of our Standards Board are CEOs, Executives, Professors, and industry experts from around the globe. We desire to raise education standards and ethics in the business and management industries. The Standards Policy Board awards specialized board certifications, designations, and charters in the fields of: finance, accounting, management, and consulting fields to qualified professionals who have completed internationally recognized or accredited exams & education, government recognized degrees and documented management credentials and experience. Since 1996, the Academy has been promoting accredited graduate standards for certification in business, management, law, and finance. Since the inception with the founding of the Graduate Institute of Leadership in 1996, the Academy has been focused on quality assurance with accredited education, exams, assessment, education, ethics, and continuing education. Further, applicants must also have the necessary experience in practice, research or publications in their respective areas of expertise.