International Public Sector Accounting Standards (IPSAS) Training in Tbilisi, Georgia

Program Date

21 Mar 25 Mar 2022

Program Location

Tbilisi, Georgia

Program Venue

Regus Tbilisi - Vazha Pshavela

Registration Closing Date

31 Jan 2022

Program Overview

International Public Sector Accounting Standards (IPSAS) are a set of accounting standards issued by the IPSAS Board for use by public sector entities around the world. The aim of IPSAS is to improve the quality of general-purpose financial reporting of public sector entities, leading to better-informed decisions regarding resource allocation. With the application of IPSAS, the governments can significantly increase transparency and accountability.

In this course, participants will be able to meet the challenges of IPSAS to secure the benefits of improved financial management and achieve organizational objectives and goals. The program is fully compatible with the most recent IPSAS Handbook, hence covers all the updates to the date.


Target Audience

International Public Sector Accounting Standards (IPSAS) Training in Tbilisi, Georgia has been designed to suit the following:

  • Government Officials & Project Managers responsible for IPSAS transition
  • IFRS & IPSAS Implementation & Maintenance Teams
  • Finance & Accounting Managers of Public Sector Entities and other non-governmental organizations
  • Accountants and finance staff at all levels involved in the preparation of financial statements
  • Consultants dealing with IPSAS and Financial Reporting
  • Anyone who requires an understanding of international financial reporting standards within the public sector.

Program Objectives

Upon the successful completion of this training course, the attendees will have a quality understanding of:

  • IPSAS requirements, Accounting Policies and Disclosures
  • Requirements and Benefits of Accrual Based Accounting
  • Links and implications to and for broader strategies: Financial Management, Taxation, Asset Management, Governance and accountability
  • Best Practices of IPSAS Application
  • Contributions to the strategic consequences of IPSAS.

Program Contents

Day 1

  • Definition and Overview of IPSAS
  • The development and Brief History of IPSAS
  • Activities of International Public Sector Accounting Standards Board (IPSASB)
  • The standards – Conceptual Framework
  • The conceptual basis of government accounting
  • IPSAS governance structure
  • Public Sector Accounting and Financial Reporting
  • ERP systems workstream
  • IPSAS 1 – Presentation of financial statements
  • IPSAS 2 – Cash flow statement

Day 2

  • IPSAS 3 – Accounting Policies, Changes in Accounting Estimates & Errors
  • IPSAS 14 – Events after the reporting date
  • IPSAS 17 – Property, Plant & Equipment
  • IPSAS 16 – Investment Property
  • IPSAS 31 – Intangible Assets
  • IPSAS 21 & 26 Impairment of Non-Cash-Generating Assets & Impairment of Cash-Generating Assets
  • IPSAS 23 Revenue from Non-Exchange Transactions
  • IPSAS 9 Revenue from Exchange Transactions

Day 3

  • IPSAS 12 Inventories
  • IPSAS 19 Provisions, Contingent Liabilities and Contingent Assets
  • IPSAS 39 Employee Benefits
  • IPSAS 13 Leases
  • IPSAS 32 Service Concession Arrangements
  • IPSAS 4 The Effects of Changes in Foreign Exchange Rates
  • IPSAS 28 Financial Instruments Presentation
  • IPSAS 29 Financial Instruments: Recognition and Measurement
  • IPSAS 30 Financial Instruments: Disclosures

Day 4

  • IPSAS 35 Consolidated Financial Statements – Accounting for Controlled Entities
  • IPSAS 36 Accounting for Investments in Associates and Joint Ventures
  • IPSAS 37 Accounting for Joint Arrangements
  • IPSAS 40 Public Sector Combinations
  • IPSAS 18 Segment Reporting
  • IPSAS 20 Related Party Disclosures

Day 5

  • IPSAS 24 Presentation of Budget Information in Financial Statements
  • RPG 1 Reporting on the Long-Term Sustainability of an Entity’s Finances
  • RPG 2 Financial Statement Discussion and Analysis
  • RPG 3 Reporting Service Performance Information
  • Overview of IPSAS 33 First-Time Adoption of Accrual Basis IPSAS
  • IPSAS Adoption best practices around the world

Program Methodology

International Public Sector Accounting Standards (IPSAS) Training in Tbilisi, Georgia is an interactive training course providing a nice combination of direct instruction, analysis, numerical examples & evaluation of case studies. We encourage active participation of attendees in order to maximize the results.

Program Fee
US$2950

Payment Options

Fee Covers

  • Visa Assistance (complementary)

  • Participant Assessment

  • Airport Pickup

  • Accommodation

  • Wi-Fi

  • Welcome Dinner

  • Breakfast

  • Workshop Kit

  • Program Materials

  • Program Experts

  • Practical Activities

  • Lunch

  • Refreshments

  • Interactive workshop

  • City Map & Direction

  • Risalat T-shirt

  • Field Visit

  • Program Certificate

  • Entertaining Tour

  • Program Report

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