Corporate / Group Training

Public Sector Finance Accounting & IPSAS (Corporate Training)

Convertas Management Consultants, In United Arab Emirates
7 days
Next course start
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7 days
Next course start
Inquire for more information See details
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Course description

Public Sector Finance Accounting & IPSAS (Corporate Training)

This course is designed to introduce students to the basic aspects of public sector accounting including its meaning, scope, objectives, basis, units, processes and structure, the regulatory and professional framework of government accounting, sources of government revenue, pensions and pension fund accounting, treasury and expenditure control system, financial reporting, cash flow statement, value added statement, interpretation of government financial statement, International Public Sector Accounting Standards.

Upcoming start dates

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  • On-site
  • United Arab Emirates

Who should attend?

Who Should Attend

Official tasked with designing and implementing reform initiatives in their countries. Finance managers and accountants with responsibility for budgets, internal or external audits, and financial controls in Ministries of Finance and line agencies, as well as legislative branches of government, will benefit from this program.

Training content

Introduction to Public Sector Accounting

  • Meaning and Coverage of Public Sector
  • Objectives of Public Sector Accounting
  • Nature of Work, Qualities and Problems Facing Public Sector Accountants
  • Users of Public Sector Accounting Information
  • Uses of Public Sector Accounting Information
  • Distinction between Public and Private Sector Accounting
  • The Concept of Funds in Government Accounting

Basis, Units, Processes and Structure of Public Sector Accounting

  • Concepts/Principles Applicable to Public Sector Accounting
  • Basis of Government Accounting
  • Accounting Units
  • Government Accounting Processes
  • Structure of Government Accounting

Regulatory and Professional Framework of Government Accounting

  • Nature of the Framework
  • Legal Framework (CFRN, FCMA, Financial Regulation)
  • Professional Framework and GAAPs
  • Professional Pronouncement on government accounting
  • Purposes of Financial Regulations

Government Revenue and Expenditure

  • Meaning of Revenue
  • Sources and Classification of Government Revenue
  • Taxation as a Source of Government Revenue
  • Meaning of Public Expenditure
  • Basic Functions of Government Expenditure
  • Purposes of Government Expenditure
  • Guiding Principles of Public Expenditure
  • Financing Public Expenditure
  • The Impact of Government Expenditure

Accounting Record Keeping in the Public Sector

  • Books of Accounts (Cash Book, Ledger and Trial Balance )
  • Ministerial Accounting System (Self and Non-Self Accounting Units)
  • Preparation of Transcript
  • Preparation and Posting of Monthly Payroll and Variation Control and Report

Treasury and Expenditure Control System

  • The Treasury
  • The Benefits of Expenditure Control
  • Public Expenditure Control
  • Types of Control (Executive, Legislative, MoF, Treasury, Departmental Control)
  • The Role of Auditing in Expenditure Control

Pension and Gratuity Accounting

  • The Concept of Pension and Gratuity
  • Transfer/Merger of Service
  • Statutory Age of Retirement
  • Pension, Gratuity and Retirement Benefits
  • Computation of Pension and Gratuity
  • Non Pensionable Service
  • Death Benefits
  • Pension Acts 102 and 103 of 1979
  • Pension Reform Act 2004
  • Retirement Benefits
  • Pension Fund Commission
  • Pension Fund Administrator (PFA)
  • Pension Assets Custodian (PAC)
  • Investment of Pension Fund

Government Statutory Financial Statements and Schedules

  • The Federation Account
  • Statutory Allocation Formula
  • Consolidated Revenue Fund or Federal Government Account
  • Development Fund
  • Contingencies Fund and its operation
  • The Revenue Mobilization Allocation and Fiscal Commission
  • Federal Government Final Accounts
  • The Annual Report of the Accountant General
  • The Financial Statements, Cash flow and Value Added Statements

The IPSAS Standards

  • Review of current IPSAS Standards
  • The correct application of individual IPSAS Standards
  • Overcoming key challenges
  • Obtaining guidance and support from International Federation of Accountants

IPSAS compliant financial statements

  • Key IPSAS requirements within financial statements
  • Producing the statement of financial position
  • Producing the statement of financial performance
  • Producing the cash flow statement
  • Reporting changes in net asset position
  • Producing compliant notes to the accounts

Certification / Credits

  • The basic aspects of public sector accounting
  • The basis, units, processes and structure of public sector accounting
  • The regulatory and professional framework of government accounting
  • Sources of government revenue and treasury control accounting system
  • Treasury and expenditure control system
  • Pensions and pension fund accounting
  • Preparation of government statutory financial statements in the treasury
  • Interpretation of government financial statements

Why choose Convertas?

Founded in 2006

12 Specialized trainers

100% of happy clients

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Convertas Management Consultants
214, DBC2, Arjan
124534 Dubai

Convertas Management Consultants

CONVERTAS offers a series of specialized training services across all areas of business, helping employees develop and increase their skills. Our highly qualified trainers through our specifically designed courses and workshops, as well as our innovative training methodology, will provide...

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