International Public Sector Accounting Standards (IPSAS)

Issued by the International Public Sector Accounting Standards Board, IPSAS (International Public Sector Accounting Standards) is known for being cash-based and accruals standards. The importance of the IPSAS certificate is well known in the context of preparing general-purpose financial statements by both governments and public sector entities. The IPSAS training in Dubai is designed to facilitate participants in comprehending the various facets of IPSAS and the framework for public sector accounting.

ELIGIBILITY: Applicants of IPSAS courses in Dubai do not require in-depth expertise in any field but an elementary understanding of IPSAS is no doubt advantageous. Furthermore, any knowledge of general finance will make the IPSAS course quite easy to grasp for them.

CAREER OPPORTUNITIES:

Market Trends: According to the U.S Bureau of Labor Statistics, the employment of accountants is projected to grow 7% from 2020 to 2030, about as fast as the average for all occupations. IPSAS training courses in Dubai exist for the sole purpose of helping interested parties join the industry, which is projected to experience around 135,000 job openings each year.

Salary Trends: As per data from glassdoor.com, the average salary for a Financial Specialist based in Dubai is around AED 14,000 a month. The payscale can rise even higher by opting for IPSAS courses in Dubai, which provide a boost to one’s experience in the field.

Demand and Opportunities: Since the IPSAS certification offers assurance regarding necessary competency in roles relevant to the industry, IPSAS training courses in Dubai facilitate the realization of opportunities easier. Numerous organizations across the globe are on the lookout for professionals with the required expertise in IPSAS.

COURSE OUTLINE:

IPSASB

• An overview of the work of the Board (IPSASB), including its organization, the characteristics of public sector entities, the relationship between IPSAS and the corresponding International Accounting Standards (IAS)/International Financial Reporting Standards (IFRS), the purpose of financial statements and any ongoing projects.

Financial Statement Presentation and Accounting Policy

Develops an overview of:

• Financial statements (IPSAS 1)
• Cash flow statements (IPSAS 2)
• Accounting policies, changes in accounting estimates, and errors (IPSAS 3)

Financial Performance

Provides an understanding of:

• Non-exchange revenue (IPSAS 23)
• Exchange revenue (IPSAS 9)
• Construction contracts (IPSAS 11)

Accounting for Assets & Liabilities

Delivers teaching around a wide range of topics including:

• Property plant and equipment (IPSAS 17)
• Intangible assets (IPSAS 31)
• Investment property (IPSAS 16)
• Impairment of cash-generating assets (IPSAS 26)
• Impairment of non-cash generating assets (IPSAS 21)
• Borrowing costs (IPSAS 5)
• Inventories (IPSAS 12)
• Leases (IPSAS 13)
• Financial instruments (IPSAS 28, 29, 30)
• Provisions
• Contingent liabilities and contingent assets (IPSAS 19)
• Events after the reporting date (IPSAS 14)
• Employee benefits (IPSAS 25)
• Agriculture (IPSAS 27)

Consolidation

Delivers training around:

• Consolidated and separate financial statements (IPSAS 6)
• Interests in joint ventures (IPSAS 8)
• Investments in associates (IPSAS 7)
• Translation of financial statements of foreign operations (IPSAS 4)
• Financial reporting in hyperinflationary economies (IPSAS 10)
• Disclosure standards and other topics, presentation of budget information (IPSAS 24)
• Segment reporting (IPSAS 18)
• Related party disclosures (IPSAS 20)
• Disclosure of financial information about the general government sector (IPSAS 22)
• Service concessions (IPSAS 32)

Cash Basis IPSAS

Teaches students about Part 1 of the cash basis IPSAS, covering required information in:

• The statement of cash receipts and payments
• Disclosures
• Consolidation under the cash basis
• Presentation of budget information in the financial statements
• The additional (non-mandatory) disclosures encouraged in Part 2 of the cash basis IPSAS

First-Time Adoption of Accrual-Based IPSAS

Delivers training cover the following areas:

• Migrating from cash to accrual basis
• First-time adoption of IPSAS (IPSAS 33)
• Change management and the adoption of IPSAS

Forthcoming Proposals for Change

Teaches students about the public sector financial crisis and IPSAS, IPSASB’s strategic direction, and forthcoming proposals from the IPSASB.

KEY TAKEAWAYS:

Successful completion of this IPSAS training in Dubai will enable candidates to:

• Deploy key strategies for migration to IPSAS standards
• Understand accrual-based IPSAS framework and its requirements
• Learn the requirements for the presentation of IPSAS financial statements and related disclosures
• Comprehend the core IPSAS values
• Adopt IPSAS disclosure requirements, including accounting policies
• Implement the IPSAS recognition and measurement rules for assets, liabilities, revenues, and expenses

ACCREDITATION:

Our IPSAS course is accredited by ISO 9001: 2015 and the Knowledge and Human Development Authority (KHDA).

ALUMNI: Academy graduates of our IPSAS training in Dubai are successfully placed in some of the top-notch companies like Jumeirah, Aramex, Airarabia, Damac, Emaar, etc. They are entrepreneurs, career changers, and lifelong learners.

WHY LEARNER’S POINT:

As the leading provider of the IPSAS training in Dubai, we at Learners Point help professionals master the skills required to clear the IPSAS certificate exam.

The USPs our specialized IPSAS course offers you are as follows:

• While the group sessions we offer contributes to team bonding, our IPSAS training also provides an individual learning experience for enhancing the quality of the training program
• We take into consideration real-world scenarios faced by industries and offer respectively calculated training through our IPSAS training
• Our IPSAS training is designed to sharpen the efficiency of professionals so they can settle into required or desired roles with ease
• One of the most remarkable features of our IPSAS training is that it consists of assignments related to the actual work environment to give participants a taste of the hands-on experience required for the corporate industry
• Aside from theoretical knowledge, our IPSAS training also focuses on case studies to train prospective professionals for practical exposure